Roubaix Capital LLC Takes Position in IPG Photonics Co. (NASDAQ:IPGP)

Roubaix Capital LLC acquired a new stake in IPG Photonics Co. (NASDAQ:IPGP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 35,251 shares of the semiconductor company’s stock, valued at approximately $2,620,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in IPG Photonics by 58.7% during the 2nd quarter. Pacer Advisors Inc. now owns 489,181 shares of the semiconductor company’s stock worth $41,282,000 after acquiring an additional 180,951 shares during the last quarter. M&G Plc acquired a new position in shares of IPG Photonics during the first quarter worth $15,929,000. Dimensional Fund Advisors LP grew its stake in shares of IPG Photonics by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company’s stock worth $84,054,000 after purchasing an additional 125,958 shares during the last quarter. Motley Fool Asset Management LLC raised its position in IPG Photonics by 602.2% during the 1st quarter. Motley Fool Asset Management LLC now owns 87,928 shares of the semiconductor company’s stock worth $7,974,000 after purchasing an additional 75,407 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of IPG Photonics by 26.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 303,113 shares of the semiconductor company’s stock valued at $25,580,000 after buying an additional 63,369 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Price Performance

IPGP stock opened at $83.31 on Thursday. IPG Photonics Co. has a 1 year low of $61.86 and a 1 year high of $111.11. The stock has a market capitalization of $3.80 billion, a PE ratio of 21.47 and a beta of 1.00. The company’s 50-day moving average is $71.44 and its 200-day moving average is $79.23.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10. IPG Photonics had a return on equity of 5.99% and a net margin of 12.67%. The firm had revenue of $233.14 million during the quarter, compared to the consensus estimate of $227.89 million. During the same quarter in the previous year, the company posted $1.16 earnings per share. The company’s quarterly revenue was down 22.6% on a year-over-year basis. On average, analysts anticipate that IPG Photonics Co. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on IPGP shares. Benchmark reiterated a “hold” rating on shares of IPG Photonics in a report on Wednesday. Stifel Nicolaus cut their price target on shares of IPG Photonics from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday. Finally, Raymond James cut their target price on IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $93.50.

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.