KLP Kapitalforvaltning AS Makes New Investment in IPG Photonics Co. (NASDAQ:IPGP)

KLP Kapitalforvaltning AS bought a new stake in IPG Photonics Co. (NASDAQ:IPGP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,400 shares of the semiconductor company's stock, valued at approximately $465,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in shares of IPG Photonics by 56.7% in the 4th quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company's stock valued at $69,000 after buying an additional 345 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of IPG Photonics by 355.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company's stock valued at $76,000 after purchasing an additional 818 shares during the period. SRS Capital Advisors Inc. boosted its holdings in IPG Photonics by 463.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock worth $77,000 after buying an additional 876 shares in the last quarter. KBC Group NV grew its position in 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 buying an additional 527 shares during the period. Finally, FMR LLC increased its holdings 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. Hedge funds and other institutional investors own 93.79% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on IPGP shares. CL King raised IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 target price on the stock in a report on Tuesday, March 18th. Citigroup dropped their target price on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a report on Tuesday, February 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th. Finally, Stifel Nicolaus dropped their price objective on shares of IPG Photonics from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $85.40.

IPG Photonics Price Performance

IPGP stock traded down $2.36 during midday trading on Tuesday, hitting $49.68. The stock had a trading volume of 374,876 shares, compared to its average volume of 273,744. IPG Photonics Co. has a 12-month low of $48.88 and a 12-month high of $92.21. The firm has a market cap of $2.11 billion, a PE ratio of -11.89 and a beta of 0.97. The company's 50-day moving average price is $63.07 and its 200 day moving average price is $71.38.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share 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, sell-side analysts anticipate that IPG Photonics Co. will post 1.54 EPS for the current year.

About IPG Photonics

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.