Summit Trail Advisors LLC Takes $230,000 Position in IPG Photonics Co. (NASDAQ:IPGP)

Summit Trail Advisors LLC bought a new position in shares of IPG Photonics Co. (NASDAQ:IPGP) in the fourth quarter, HoldingsChannel reports. The fund bought 3,164 shares of the semiconductor company’s stock, valued at approximately $230,000.

Several other large investors have also recently bought and sold shares of IPGP. Sanctuary Advisors LLC purchased a new position in IPG Photonics in the second quarter valued at approximately $223,000. CWM LLC lifted its position in shares of IPG Photonics by 226.4% during the 3rd quarter. CWM LLC now owns 2,435 shares of the semiconductor company’s stock worth $181,000 after buying an additional 1,689 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of IPG Photonics by 31.0% in the 3rd quarter. Inspire Investing LLC now owns 6,156 shares of the semiconductor company’s stock valued at $458,000 after buying an additional 1,456 shares in the last quarter. Creative Planning grew its position in shares of IPG Photonics by 93.3% in the 3rd quarter. Creative Planning now owns 6,071 shares of the semiconductor company’s stock valued at $451,000 after buying an additional 2,931 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in IPG Photonics by 10.0% during the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 76,752 shares of the semiconductor company’s stock worth $5,704,000 after acquiring an additional 7,009 shares in the last quarter. Hedge funds and other institutional investors own 93.79% of the company’s stock.

IPG Photonics Stock Down 1.2 %

NASDAQ IPGP opened at $62.97 on Thursday. The firm has a market cap of $2.72 billion, a P/E ratio of -18.15 and a beta of 0.95. IPG Photonics Co. has a 52-week low of $60.72 and a 52-week high of $101.94. The business’s 50-day moving average price is $73.74 and its 200 day moving average price is $73.47.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. As a group, analysts anticipate that IPG Photonics Co. will post 1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

IPGP has been the subject of several research analyst reports. Stifel Nicolaus decreased 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 note on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday. Benchmark reaffirmed a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Northcoast Research downgraded IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, IPG Photonics presently has an average rating of “Hold” and a consensus target price of $89.75.

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.