Versant Capital Management Inc Purchases 345 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Versant Capital Management Inc grew its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 56.7% in the 4th quarter, HoldingsChannel reports. The fund owned 954 shares of the semiconductor company’s stock after buying an additional 345 shares during the period. Versant Capital Management Inc’s holdings in IPG Photonics were worth $69,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IPGP. JPMorgan Chase & Co. increased its stake in IPG Photonics by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 151,142 shares of the semiconductor company’s stock valued at $11,233,000 after purchasing an additional 28,003 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of IPG Photonics by 8.9% during the third quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock worth $39,749,000 after acquiring an additional 43,874 shares in the last quarter. Barclays PLC raised 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 worth $2,883,000 after acquiring an additional 11,562 shares during the last quarter. XTX Topco Ltd bought a new position in IPG Photonics in the 3rd quarter valued at about $356,000. Finally, Jane Street Group LLC boosted its stake in IPG Photonics by 100.4% during the 3rd quarter. Jane Street Group LLC now owns 21,771 shares of the semiconductor company’s stock valued at $1,618,000 after purchasing an additional 10,906 shares during the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on IPGP. Benchmark reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Northcoast Research downgraded shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. One investment 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $93.50.

IPG Photonics Stock Performance

IPGP opened at $72.76 on Monday. IPG Photonics Co. has a fifty-two week low of $61.86 and a fifty-two week high of $104.19. The firm has a 50-day moving average of $77.39 and a 200 day moving average of $76.12. The firm has a market cap of $3.15 billion, a P/E ratio of -20.97 and a beta of 0.96.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.10. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. The company had revenue of $233.14 million during the quarter, compared to analyst estimates of $227.89 million. During the same quarter last year, the business posted $1.16 EPS. IPG Photonics’s quarterly revenue was down 22.6% compared to the same quarter last year. Equities research analysts predict that IPG Photonics Co. will post 1.51 earnings per share for the current fiscal year.

About IPG Photonics

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.