IPG Photonics Co. (NASDAQ:IPGP) Shares Purchased by Brandes Investment Partners LP

Brandes Investment Partners LP grew its holdings in IPG Photonics Co. (NASDAQ:IPGP) by 163.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,519 shares of the semiconductor company’s stock after purchasing an additional 10,242 shares during the quarter. Brandes Investment Partners LP’s holdings in IPG Photonics were worth $1,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Disciplined Growth Investors Inc. MN boosted its stake in IPG Photonics by 2.2% during the second quarter. Disciplined Growth Investors Inc. MN now owns 490,959 shares of the semiconductor company’s stock worth $41,432,000 after buying an additional 10,775 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of IPG Photonics by 10.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 479,301 shares of the semiconductor company’s stock worth $40,448,000 after acquiring an additional 46,252 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of IPG Photonics during the 2nd quarter valued at about $223,000. AQR Capital Management LLC grew its holdings in shares of IPG Photonics by 25.8% in the second quarter. AQR Capital Management LLC now owns 254,578 shares of the semiconductor company’s stock valued at $21,484,000 after purchasing an additional 52,204 shares during the period. Finally, Caxton Associates LP increased its position in IPG Photonics by 64.8% during the second quarter. Caxton Associates LP now owns 15,524 shares of the semiconductor company’s stock worth $1,310,000 after purchasing an additional 6,106 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics Stock Performance

IPG Photonics stock opened at $74.32 on Tuesday. The company has a market capitalization of $3.39 billion, a PE ratio of 19.15 and a beta of 1.00. IPG Photonics Co. has a fifty-two week low of $61.86 and a fifty-two week high of $111.11. The firm has a 50 day moving average price of $70.88 and a 200 day moving average price of $81.21.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03). IPG Photonics had a net margin of 12.67% and a return on equity of 5.99%. The firm had revenue of $257.60 million during the quarter, compared to analysts’ expectations of $259.31 million. During the same quarter in the prior year, the firm posted $1.31 EPS. IPG Photonics’s quarterly revenue was down 24.2% compared to the same quarter last year. As a group, equities research analysts forecast that IPG Photonics Co. will post 1.38 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Stifel Nicolaus decreased their target price on shares of IPG Photonics from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Benchmark lowered IPG Photonics from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, Raymond James reduced 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 analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $93.40.

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.