Virtu Financial LLC Takes Position in IPG Photonics Co. (NASDAQ:IPGP)

Virtu Financial LLC purchased a new position in shares of IPG Photonics Co. (NASDAQ:IPGP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,188 shares of the semiconductor company’s stock, valued at approximately $248,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Equity Investment Corp bought a new stake in shares of IPG Photonics during the third quarter valued at about $307,000. Vident Investment Advisory LLC increased its position in shares of IPG Photonics by 41.9% during the third quarter. Vident Investment Advisory LLC now owns 224,158 shares of the semiconductor company’s stock valued at $34,985,000 after buying an additional 66,220 shares during the period. Renaissance Technologies LLC bought a new stake in shares of IPG Photonics during the third quarter valued at about $21,069,000. Mackenzie Financial Corp increased its position in shares of IPG Photonics by 307.3% during the third quarter. Mackenzie Financial Corp now owns 864,514 shares of the semiconductor company’s stock valued at $134,925,000 after buying an additional 652,276 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of IPG Photonics by 11.2% during the fourth quarter. State of Alaska Department of Revenue now owns 10,307 shares of the semiconductor company’s stock valued at $1,166,000 after buying an additional 1,041 shares during the period. Hedge funds and other institutional investors own 60.29% of the company’s stock.

Several equities research analysts have recently weighed in on IPGP shares. TheStreet cut IPG Photonics from a “b-” rating to a “c+” rating in a research report on Friday, December 28th. Bank of America assumed coverage on IPG Photonics in a report on Friday, October 19th. They set a “neutral” rating for the company. BidaskClub raised IPG Photonics from a “strong sell” rating to a “sell” rating in a report on Thursday, January 10th. UBS Group initiated coverage on IPG Photonics in a research note on Friday, November 30th. They issued a “neutral” rating for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $157.00 price objective (down previously from $160.00) on shares of IPG Photonics in a report on Tuesday, December 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $190.64.

In other news, CAO Thomas J. Burgomaster sold 294 shares of the firm’s stock in a transaction dated Sunday, December 2nd. The stock was sold at an average price of $93.70, for a total value of $27,547.80. Following the transaction, the chief accounting officer now owns 6,037 shares of the company’s stock, valued at $565,666.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 33.40% of the stock is owned by company insiders.

Shares of NASDAQ:IPGP opened at $149.39 on Thursday. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 2.10 and a beta of 1.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.81 and a current ratio of 8.64. IPG Photonics Co. has a 52-week low of $104.64 and a 52-week high of $261.77.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Tuesday, February 12th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.03). IPG Photonics had a return on equity of 20.30% and a net margin of 25.58%. The firm had revenue of $330.10 million during the quarter, compared to analysts’ expectations of $314.91 million. During the same period in the previous year, the business posted $1.86 earnings per share. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. As a group, equities analysts anticipate that IPG Photonics Co. will post 7.41 EPS for the current year.

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IPG Photonics Company Profile

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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Institutional Ownership by Quarter for IPG Photonics (NASDAQ:IPGP)

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