Captrust Financial Advisors Has $655,000 Stake in IPG Photonics Co. (NASDAQ:IPGP)

Captrust Financial Advisors lifted its stake in shares of IPG Photonics Co. (NASDAQ:IPGP) by 28.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,003 shares of the semiconductor company’s stock after purchasing an additional 2,011 shares during the period. Captrust Financial Advisors’ holdings in IPG Photonics were worth $655,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Caxton Associates LP lifted its holdings in IPG Photonics by 509.0% in the fourth quarter. Caxton Associates LP now owns 18,190 shares of the semiconductor company’s stock valued at $1,323,000 after buying an additional 15,203 shares during the period. Balyasny Asset Management L.P. lifted its holdings in IPG Photonics by 98.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 74,577 shares of the semiconductor company’s stock valued at $5,423,000 after buying an additional 37,027 shares during the period. Ameriprise Financial Inc. lifted its holdings in IPG Photonics by 65.1% in the fourth quarter. Ameriprise Financial Inc. now owns 298,845 shares of the semiconductor company’s stock valued at $21,732,000 after buying an additional 117,846 shares during the period. Jane Street Group LLC lifted its holdings in IPG Photonics by 212.7% in the fourth quarter. Jane Street Group LLC now owns 68,079 shares of the semiconductor company’s stock valued at $4,951,000 after buying an additional 46,308 shares during the period. Finally, Northern Trust Corp lifted its holdings in IPG Photonics by 17.6% in the fourth quarter. Northern Trust Corp now owns 224,959 shares of the semiconductor company’s stock valued at $16,359,000 after buying an additional 33,601 shares during the period. 93.79% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics Stock Performance

Shares of NASDAQ:IPGP opened at $66.49 on Friday. IPG Photonics Co. has a 52 week low of $48.59 and a 52 week high of $92.21. The company has a market capitalization of $2.83 billion, a PE ratio of -15.91 and a beta of 0.92. The company has a 50 day moving average price of $59.54 and a two-hundred day moving average price of $68.03.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported $0.31 earnings per share (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 company had revenue of $227.79 million during the quarter, compared to the consensus estimate of $227.00 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue was down 9.6% compared to the same quarter last year. On average, sell-side analysts forecast that IPG Photonics Co. will post 1.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

IPGP has been the topic of several analyst reports. 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. Stifel Nicolaus set a $72.00 target price on shares of IPG Photonics in a research note on Monday, April 28th. StockNews.com raised shares of IPG Photonics from a “sell” rating to a “hold” rating in a research note on Thursday. Citigroup lowered their target price on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a research note on Tuesday, February 18th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average 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.