By otakuyassine3@gmail.com 
IPG Photonics Co. (NASDAQ:IPGP – Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,700,000 shares, a growth of 19.7% from the November 30th total of 1,420,000 shares. Based on an average daily trading volume, of 266,300 shares, the short-interest ratio is presently 6.4 days. Currently, 6.8% of the company’s shares are sold short.
Institutional Trading of IPG Photonics
A number of large investors have recently made changes to their positions in the company. KBC Group NV grew its stake in IPG Photonics by 50.6% in the third quarter. KBC Group NV now owns 1,086 shares of the semiconductor company’s stock valued at $81,000 after acquiring an additional 365 shares during the period. Assetmark Inc. increased its stake in IPG Photonics by 28.3% during the 3rd quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company’s stock worth $99,000 after purchasing an additional 295 shares in the last quarter. FMR LLC lifted its stake in IPG Photonics by 10.4% in the third quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 153 shares in the last quarter. Covestor Ltd boosted its holdings in shares of IPG Photonics by 7.7% in the third quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company’s stock valued at $139,000 after buying an additional 133 shares during the period. Finally, CWM LLC increased its position in shares of IPG Photonics by 226.4% during the third quarter. CWM LLC now owns 2,435 shares of the semiconductor company’s stock worth $181,000 after acquiring an additional 1,689 shares in the last quarter. Institutional investors own 93.79% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Northcoast Research lowered IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Finally, Benchmark restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $93.50.
Check Out Our Latest Stock Analysis on IPG Photonics
IPG Photonics Stock Performance
NASDAQ:IPGP traded down $2.99 during mid-day trading on Friday, hitting $73.42. The company had a trading volume of 162,954 shares, compared to its average volume of 213,780. IPG Photonics has a fifty-two week low of $61.86 and a fifty-two week high of $110.30. The firm has a market cap of $3.18 billion, a P/E ratio of -21.16 and a beta of 0.96. The business’s fifty day moving average is $77.66 and its two-hundred day moving average is $76.58.
IPG Photonics (NASDAQ:IPGP – Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $233.14 million for the quarter, compared to the consensus estimate of $227.89 million. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. IPG Photonics’s revenue for the quarter was down 22.6% on a year-over-year basis. During the same period last year, the company posted $1.16 EPS. Equities analysts forecast that IPG Photonics will post 1.51 earnings per share for the current 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.
Further Reading
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