Systematic Financial Management LP Purchases 3,920 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Systematic Financial Management LP boosted its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 127,822 shares of the semiconductor company’s stock after purchasing an additional 3,920 shares during the quarter. Systematic Financial Management LP owned 0.30% of IPG Photonics worth $9,295,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of IPG Photonics by 42.5% in the 3rd quarter. Barclays PLC now owns 38,787 shares of the semiconductor company’s stock valued at $2,883,000 after buying an additional 11,562 shares during the period. Charles Schwab Investment Management Inc. grew its stake in IPG Photonics by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 369,620 shares of the semiconductor company’s stock valued at $26,879,000 after acquiring an additional 19,307 shares during the period. Fisher Asset Management LLC increased its holdings in shares of IPG Photonics by 30.1% in the fourth quarter. Fisher Asset Management LLC now owns 249,830 shares of the semiconductor company’s stock worth $18,168,000 after acquiring an additional 57,780 shares in the last quarter. Pacific Heights Asset Management LLC raised its position in shares of 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 purchasing an additional 240,000 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of IPG Photonics by 1,076.7% during the 4th quarter. American Century Companies Inc. now owns 93,866 shares of the semiconductor company’s stock valued at $6,826,000 after purchasing an additional 85,889 shares in the last quarter. Institutional investors own 93.79% of the company’s stock.

IPG Photonics Stock Up 1.7%

Shares of IPGP stock opened at $66.49 on Friday. IPG Photonics Co. has a 12 month low of $48.59 and a 12 month high of $92.21. The company’s fifty day simple moving average is $59.54 and its 200-day simple moving average is $68.03. The firm has a market cap of $2.83 billion, a PE ratio of -15.91 and a beta of 0.92.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.21 by $0.10. IPG Photonics had a negative net margin of 18.58% and a positive return on equity of 2.98%. The firm had revenue of $227.79 million for the quarter, compared to analysts’ expectations of $227.00 million. During the same period in the previous year, the firm posted $0.52 EPS. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, equities analysts predict that IPG Photonics Co. will post 1.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup lowered their target price on IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a research note on Tuesday, February 18th. CL King upgraded shares of IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Tuesday, March 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th. StockNews.com upgraded IPG Photonics from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Stifel Nicolaus set a $72.00 price target on IPG Photonics in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $69.50.

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.