Sora Investors LLC Acquires 80,611 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Sora Investors LLC increased its holdings in IPG Photonics Co. (NASDAQ:IPGP) by 94.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,611 shares of the semiconductor company’s stock after purchasing an additional 80,611 shares during the period. Sora Investors LLC’s holdings in IPG Photonics were worth $12,043,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Venturi Wealth Management LLC increased its holdings in shares of IPG Photonics by 355.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company’s stock worth $76,000 after purchasing an additional 818 shares during the period. SRS Capital Advisors Inc. increased its position in shares of IPG Photonics by 463.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 876 shares in the last quarter. Headlands Technologies LLC acquired a new position in IPG Photonics in the fourth quarter valued at about $87,000. KBC Group NV boosted its holdings in shares of IPG Photonics by 48.5% in the 4th quarter. KBC Group NV now owns 1,613 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 527 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in IPG Photonics by 52.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,656 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 572 shares in the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on IPGP. Stifel Nicolaus set a $72.00 price objective on IPG Photonics in a research report on Monday, April 28th. Citigroup decreased their target price on IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a research report on Tuesday, February 18th. CL King upgraded shares of IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Tuesday, March 18th. StockNews.com raised shares of IPG Photonics from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Raymond James reduced their target price on IPG Photonics from $80.00 to $70.00 and set a “strong-buy” rating on the stock in a report on Wednesday, May 7th. One equities research 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 stock currently has an average rating of “Hold” and a consensus price target of $69.50.

IPG Photonics Trading Up 0.1%

IPGP stock opened at $65.40 on Friday. The stock has a market cap of $2.78 billion, a PE ratio of -15.65 and a beta of 0.92. The stock has a 50-day moving average price of $59.38 and a two-hundred day moving average price of $68.26. IPG Photonics Co. has a 1 year low of $48.59 and a 1 year high of $92.21.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. The business had revenue of $227.79 million for the quarter, compared to analyst estimates of $227.00 million. IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. IPG Photonics’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS. On average, analysts forecast that IPG Photonics Co. will post 1.54 earnings per share for the current fiscal year.

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.