Caxton Associates LP Raises Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

Caxton Associates LP grew its holdings in IPG Photonics Co. (NASDAQ:IPGP) by 100.7% during the first quarter, HoldingsChannel.com reports. The fund owned 9,418 shares of the semiconductor company’s stock after purchasing an additional 4,726 shares during the quarter. Caxton Associates LP’s holdings in IPG Photonics were worth $854,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Linden Thomas Advisory Services LLC grew its holdings in IPG Photonics by 1.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 10,302 shares of the semiconductor company’s stock worth $1,118,000 after acquiring an additional 123 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of IPG Photonics by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 13,300 shares of the semiconductor company’s stock valued at $1,444,000 after acquiring an additional 130 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of IPG Photonics by 18.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 922 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 143 shares during the period. Janiczek Wealth Management LLC increased its stake in IPG Photonics by 23.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 930 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 179 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in IPG Photonics by 2.4% in the 1st quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the semiconductor company’s stock valued at $771,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 93.79% of the company’s stock.

Insider Buying and Selling

In other IPG Photonics news, Director Jeanmarie F. Desmond sold 985 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $85.20, for a total transaction of $83,922.00. Following the completion of the sale, the director now owns 4,319 shares in the company, valued at approximately $367,978.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 38.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IPGP has been the topic of several analyst reports. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, May 1st. Benchmark lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Citigroup decreased their price objective on IPG Photonics from $74.00 to $68.00 and set a “sell” rating on the stock in a report on Thursday, May 2nd. 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 issued a strong buy rating to the company. Based on data from MarketBeat, IPG Photonics currently has a consensus rating of “Hold” and a consensus target price of $110.40.

IPG Photonics Trading Down 7.3 %

NASDAQ:IPGP opened at $81.20 on Wednesday. IPG Photonics Co. has a 1 year low of $79.80 and a 1 year high of $132.99. The firm has a 50 day moving average of $85.74 and a 200-day moving average of $88.81. The stock has a market capitalization of $3.70 billion, a P/E ratio of 20.93 and a beta of 1.01.

IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, July 30th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). IPG Photonics had a net margin of 15.34% and a return on equity of 7.67%. The firm had revenue of $257.60 million during the quarter, compared to the consensus estimate of $259.31 million. During the same quarter last year, the firm posted $1.31 EPS. The business’s revenue was down 24.2% on a year-over-year basis. As a group, analysts forecast that IPG Photonics Co. will post 2.77 EPS 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.