XTX Topco Ltd Buys Shares of 4,066 IPG Photonics Corporation (NASDAQ:IPGP)

XTX Topco Ltd purchased a new position in IPG Photonics Corporation (NASDAQ:IPGP) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,066 shares of the semiconductor company’s stock, valued at approximately $257,000.

A number of other institutional investors also recently made changes to their positions in IPGP. Dimensional Fund Advisors LP lifted its stake in shares of IPG Photonics by 14.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,352,246 shares of the semiconductor company’s stock worth $98,335,000 after acquiring an additional 173,584 shares during the period. Pacer Advisors Inc. lifted its stake in shares of IPG Photonics by 4,282.2% in the 1st quarter. Pacer Advisors Inc. now owns 175,113 shares of the semiconductor company’s stock worth $11,057,000 after acquiring an additional 171,117 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of IPG Photonics by 65.1% in the 4th quarter. Ameriprise Financial Inc. now owns 298,845 shares of the semiconductor company’s stock worth $21,732,000 after acquiring an additional 117,846 shares during the period. First Trust Advisors LP lifted its stake in shares of IPG Photonics by 35.1% in the 4th quarter. First Trust Advisors LP now owns 343,208 shares of the semiconductor company’s stock worth $24,958,000 after acquiring an additional 89,237 shares during the period. Finally, Sora Investors LLC lifted its stake in shares of IPG Photonics by 94.8% in the 4th quarter. Sora Investors LLC now owns 165,611 shares of the semiconductor company’s stock worth $12,043,000 after acquiring an additional 80,611 shares during the period. 93.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jeanmarie F. Desmond sold 1,360 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $76.24, for a total value of $103,686.40. Following the transaction, the director owned 9,740 shares in the company, valued at $742,577.60. This represents a 12.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 39.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IPGP. Wall Street Zen raised shares of IPG Photonics from a “sell” rating to a “hold” rating in a research note on Saturday. Raymond James Financial cut their target price on shares of IPG Photonics from $80.00 to $70.00 and set a “strong-buy” rating for the company in a research note on Wednesday, May 7th. Sanford C. Bernstein raised shares of IPG Photonics from a “market perform” rating to an “outperform” rating and set a $97.00 target price for the company in a research note on Thursday, August 7th. Finally, Stifel Nicolaus set a $72.00 target price on shares of IPG Photonics in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, IPG Photonics presently has a consensus rating of “Hold” and a consensus target price of $75.00.

IPG Photonics Price Performance

IPG Photonics stock opened at $75.46 on Tuesday. IPG Photonics Corporation has a fifty-two week low of $48.59 and a fifty-two week high of $88.50. The firm’s 50 day simple moving average is $72.06 and its 200-day simple moving average is $65.63. The company has a market cap of $3.19 billion, a P/E ratio of -15.40, a price-to-earnings-growth ratio of 21.55 and a beta of 0.88.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.20. The firm had revenue of $250.72 million during the quarter, compared to analyst estimates of $228.20 million. IPG Photonics had a negative net margin of 22.77% and a positive return on equity of 2.25%. The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. On average, analysts expect that IPG Photonics Corporation will post 1.54 EPS for the current fiscal year.

IPG Photonics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.7%.

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.