Quadrature Capital Ltd Invests $1.20 Million in IPG Photonics Co. (NASDAQ:IPGP)

Quadrature Capital Ltd purchased a new stake in IPG Photonics Co. (NASDAQ:IPGP) in the 1st quarter, HoldingsChannel reports. The fund purchased 13,243 shares of the semiconductor company’s stock, valued at approximately $1,201,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Linden Thomas Advisory Services LLC boosted its position in IPG Photonics by 1.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 10,302 shares of the semiconductor company’s stock valued at $1,118,000 after buying an additional 123 shares during the last quarter. Treasurer of the State of North Carolina lifted its position 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 worth $1,444,000 after purchasing an additional 130 shares during the last quarter. Asset Management One Co. Ltd. lifted its position 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 worth $102,000 after purchasing an additional 143 shares during the last quarter. Janiczek Wealth Management LLC lifted its position in shares of IPG Photonics by 23.8% during the fourth quarter. Janiczek Wealth Management LLC now owns 930 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 179 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of IPG Photonics by 2.4% during the first quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the semiconductor company’s stock worth $771,000 after purchasing an additional 200 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics Stock Performance

Shares of NASDAQ:IPGP traded up $1.10 during trading hours on Friday, hitting $86.59. The stock had a trading volume of 227,821 shares, compared to its average volume of 215,190. The stock’s fifty day simple moving average is $85.88 and its 200 day simple moving average is $89.21. IPG Photonics Co. has a 1-year low of $80.27 and a 1-year high of $132.99. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 22.32 and a beta of 1.01.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. IPG Photonics had a net margin of 15.34% and a return on equity of 7.67%. The business had revenue of $252.00 million for the quarter, compared to analyst estimates of $255.53 million. During the same quarter last year, the business earned $1.26 earnings per share. The business’s revenue for the quarter was down 27.4% on a year-over-year basis. As a group, research analysts anticipate that IPG Photonics Co. will post 2.77 EPS for the current year.

Insider Buying and Selling

In related news, Director Eric Meurice sold 788 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $89.30, for a total value of $70,368.40. Following the completion of the transaction, the director now owns 16,491 shares of the company’s stock, valued at approximately $1,472,646.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other IPG Photonics news, Director Eric Meurice sold 788 shares of IPG Photonics stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $89.30, for a total transaction of $70,368.40. Following the transaction, the director now directly owns 16,491 shares in the company, valued at approximately $1,472,646.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeanmarie F. Desmond sold 985 shares of IPG Photonics stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $85.20, for a total transaction of $83,922.00. Following the transaction, the director now owns 4,319 shares in the company, valued at $367,978.80. The disclosure for this sale can be found here. 38.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on IPGP shares. Citigroup reduced their price target on shares of IPG Photonics from $74.00 to $68.00 and set a “sell” rating on the stock in a research report on Thursday, May 2nd. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, May 1st. Finally, Benchmark dropped their price objective on shares of IPG Photonics from $116.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, IPG Photonics has an average rating of “Moderate Buy” and a consensus price target of $110.40.

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.