Kennedy Capital Management LLC Purchases 6,781 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Kennedy Capital Management LLC boosted its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 25.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,326 shares of the semiconductor company’s stock after purchasing an additional 6,781 shares during the period. Kennedy Capital Management LLC owned about 0.07% of IPG Photonics worth $3,022,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its holdings in shares of IPG Photonics by 1,349.8% in the 4th quarter. Raymond James & Associates now owns 44,887 shares of the semiconductor company’s stock worth $4,872,000 after acquiring an additional 41,791 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in IPG Photonics by 1,168.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 42,988 shares of the semiconductor company’s stock worth $4,666,000 after purchasing an additional 39,599 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of IPG Photonics by 20.5% during the fourth quarter. Pacer Advisors Inc. now owns 4,440 shares of the semiconductor company’s stock worth $482,000 after purchasing an additional 755 shares during the last quarter. Pinnacle Associates Ltd. acquired a new stake in shares of IPG Photonics in the fourth quarter valued at $304,000. Finally, Asset Management One Co. Ltd. raised its holdings in shares of IPG Photonics by 18.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 922 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 143 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IPGP shares. Citigroup decreased their price objective on shares of IPG Photonics from $74.00 to $68.00 and set a “sell” rating on the stock in a report on Thursday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research note on Wednesday, May 1st. Finally, Benchmark cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, IPG Photonics presently has a consensus rating of “Hold” and a consensus target price of $110.40.

IPG Photonics Stock Up 1.7 %

Shares of NASDAQ:IPGP traded up $1.42 during trading on Wednesday, reaching $82.62. 40,196 shares of the company traded hands, compared to its average volume of 265,228. IPG Photonics Co. has a 52 week low of $79.80 and a 52 week high of $132.99. The firm has a market capitalization of $3.76 billion, a PE ratio of 20.93 and a beta of 1.01. The company’s 50 day moving average is $85.74 and its two-hundred day moving average is $88.81.

IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, July 30th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). IPG Photonics had a return on equity of 7.67% and a net margin of 15.34%. The firm had revenue of $257.60 million during the quarter, compared to analyst estimates of $259.31 million. During the same period in the previous year, the company earned $1.31 EPS. IPG Photonics’s revenue for the quarter was down 24.2% on a year-over-year basis. As a group, research analysts anticipate that IPG Photonics Co. will post 2.77 EPS for the current year.

Insider Transactions at IPG Photonics

In other IPG Photonics news, Director Jeanmarie F. Desmond sold 985 shares of IPG Photonics stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $85.20, for a total value of $83,922.00. Following the sale, the director now owns 4,319 shares of the company’s stock, valued at $367,978.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 38.00% of the stock is owned by insiders.

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.