IPG Photonics Co. (NASDAQ:IPGP) Shares Bought by Brandes Investment Partners LP

Brandes Investment Partners LP boosted its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,322 shares of the semiconductor company’s stock after acquiring an additional 940 shares during the period. Brandes Investment Partners LP owned about 0.15% of IPG Photonics worth $4,677,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC acquired a new position in IPG Photonics during the fourth quarter worth about $5,678,000. Inspire Advisors LLC acquired a new position in IPG Photonics during the fourth quarter worth about $213,000. Pacific Heights Asset Management LLC raised its position in IPG Photonics by 375.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 304,000 shares of the semiconductor company’s stock worth $22,107,000 after acquiring an additional 240,000 shares during the last quarter. Inceptionr LLC acquired a new position in IPG Photonics during the fourth quarter worth about $492,000. Finally, LHM Inc. raised its position in IPG Photonics by 4.8% during the fourth quarter. LHM Inc. now owns 58,769 shares of the semiconductor company’s stock worth $4,274,000 after acquiring an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Stock Performance

IPG Photonics stock opened at $62.25 on Friday. IPG Photonics Co. has a 1 year low of $56.71 and a 1 year high of $92.21. The firm has a 50 day moving average price of $67.58 and a 200 day moving average price of $72.06. The company has a market cap of $2.65 billion, a price-to-earnings ratio of -14.89 and a beta of 1.05.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. Sell-side analysts predict that IPG Photonics Co. will post 1.54 EPS for the current year.

Analysts Set New Price Targets

IPGP has been the subject of a number of analyst reports. Stifel Nicolaus cut their price objective on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Citigroup cut their price objective on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a research report on Tuesday, February 18th. Northcoast Research lowered shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $87.75.

IPG Photonics Company Profile

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.