IPG Photonics Co. (NASDAQ:IPGP) Position Increased by Systematic Financial Management LP

Systematic Financial Management LP increased its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 8.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,902 shares of the semiconductor company’s stock after acquiring an additional 9,405 shares during the period. Systematic Financial Management LP’s holdings in IPG Photonics were worth $9,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in IPG Photonics by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company’s stock valued at $84,054,000 after buying an additional 125,958 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in IPG Photonics by 2.2% during the second quarter. Disciplined Growth Investors Inc. MN now owns 490,959 shares of the semiconductor company’s stock valued at $41,432,000 after buying an additional 10,775 shares in the last quarter. LHM Inc. raised its holdings in IPG Photonics by 61.1% during the second quarter. LHM Inc. now owns 45,775 shares of the semiconductor company’s stock valued at $3,863,000 after buying an additional 17,354 shares in the last quarter. Quantbot Technologies LP raised its holdings in IPG Photonics by 57.7% during the third quarter. Quantbot Technologies LP now owns 23,253 shares of the semiconductor company’s stock valued at $1,728,000 after buying an additional 8,507 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in IPG Photonics by 10.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 479,301 shares of the semiconductor company’s stock valued at $40,448,000 after buying an additional 46,252 shares in the last quarter. 93.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IPGP has been the topic of a number of recent analyst reports. Northcoast Research lowered IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Benchmark reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, IPG Photonics currently has an average rating of “Hold” and a consensus price target of $93.50.

IPG Photonics Price Performance

IPGP stock opened at $75.19 on Friday. The company has a 50 day moving average price of $76.98 and a 200 day moving average price of $77.70. IPG Photonics Co. has a fifty-two week low of $61.86 and a fifty-two week high of $111.11. The stock has a market capitalization of $3.25 billion, a PE ratio of -21.67 and a beta of 0.96.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. The firm had revenue of $233.14 million during the quarter, compared to analysts’ expectations of $227.89 million. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. IPG Photonics’s revenue was down 22.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 EPS. As a group, equities analysts expect that IPG Photonics Co. will post 1.51 earnings per share for the current fiscal year.

About IPG Photonics

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.