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

Summit Trail Advisors LLC acquired a new position in IPG Photonics Co. (NASDAQ:IPGP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,164 shares of the semiconductor company’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IPGP. Covestor Ltd grew its holdings in shares of IPG Photonics by 7.7% during the 3rd quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company’s stock worth $139,000 after purchasing an additional 133 shares during the period. Beaumont Financial Advisors LLC lifted its position in IPG Photonics by 4.2% in the fourth quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company’s stock valued at $248,000 after buying an additional 139 shares during the last quarter. FMR LLC lifted its position in IPG Photonics by 10.4% in the third quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 153 shares during the last quarter. Calamos Wealth Management LLC boosted its stake in IPG Photonics by 4.0% during the fourth quarter. Calamos Wealth Management LLC now owns 6,237 shares of the semiconductor company’s stock worth $454,000 after buying an additional 237 shares during the period. Finally, Assetmark Inc. increased its position in shares of IPG Photonics by 28.3% during the third quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company’s stock valued at $99,000 after acquiring an additional 295 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Stock Down 1.2 %

IPG Photonics stock opened at $62.97 on Thursday. The company’s 50 day moving average is $73.74 and its two-hundred day moving average is $73.47. The firm has a market cap of $2.72 billion, a PE 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.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, equities research analysts anticipate that IPG Photonics Co. will post 1.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Northcoast Research lowered shares of IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. Benchmark restated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Stifel Nicolaus lowered their price target on IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, IPG Photonics presently has a consensus rating of “Hold” and an average price target of $89.75.

IPG Photonics 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.