Aster Capital Management DIFC Ltd Acquires New Shares in IPG Photonics Co. (NASDAQ:IPGP)

Aster Capital Management DIFC Ltd bought a new position in shares of IPG Photonics Co. (NASDAQ:IPGP) in the 4th quarter, HoldingsChannel.com reports. The fund bought 5,793 shares of the semiconductor company’s stock, valued at approximately $421,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Versant Capital Management Inc grew its stake in shares of IPG Photonics by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock worth $69,000 after buying an additional 345 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in IPG Photonics by 355.7% in 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 in the last quarter. SRS Capital Advisors Inc. raised its position in IPG Photonics by 463.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 876 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of IPG Photonics during the fourth quarter valued at about $87,000. Finally, KBC Group NV grew its holdings in shares of IPG Photonics by 48.5% during the fourth quarter. KBC Group NV now owns 1,613 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 527 shares during the last quarter. Institutional investors own 93.79% of the company’s stock.

IPG Photonics Trading Down 5.4 %

Shares of IPGP opened at $52.12 on Monday. The firm’s fifty day simple moving average is $64.32 and its two-hundred day simple moving average is $71.81. IPG Photonics Co. has a 12 month low of $49.55 and a 12 month high of $92.21. The stock has a market capitalization of $2.22 billion, a P/E ratio of -12.47 and a beta of 0.97.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. As a group, research analysts predict that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on IPGP. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th. CL King upgraded 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. Stifel Nicolaus cut their target price on IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, Citigroup reduced their price target on IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a research report on Tuesday, February 18th. One equities research 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 stock. According to data from MarketBeat.com, IPG Photonics presently has a consensus rating of “Hold” and an average target price of $85.40.

IPG Photonics 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.