Amundi Lowers Position in IPG Photonics Co. (NASDAQ:IPGP)

Amundi decreased its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 55.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,500 shares of the semiconductor company's stock after selling 12,900 shares during the quarter. Amundi's holdings in IPG Photonics were worth $776,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of IPGP. Versant Capital Management Inc grew its holdings 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 purchasing an additional 345 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of IPG Photonics by 355.7% during the fourth 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. boosted its stake 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 worth $77,000 after buying an additional 876 shares in the last quarter. KBC Group NV boosted 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 worth $81,000 after buying an additional 365 shares in the last quarter. Finally, FMR LLC boosted 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 worth $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.

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IPG Photonics Trading Down 2.0 %

Shares of NASDAQ:IPGP traded down $1.29 during trading on Friday, reaching $64.06. 795,669 shares of the company traded hands, compared to its average volume of 260,510. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of -15.33 and a beta of 1.04. IPG Photonics Co. has a 52-week low of $56.71 and a 52-week high of $92.21. The business's fifty day moving average is $66.67 and its 200-day moving average is $71.95.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.05). IPG Photonics had a negative net margin of 18.58% and a positive return on equity of 2.98%. On average, sell-side analysts predict that IPG Photonics Co. will post 1.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Northcoast Research lowered IPG Photonics from a "buy" rating to a "neutral" rating in a research note on Wednesday, December 4th. Stifel Nicolaus cut their target price on IPG Photonics from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Citigroup cut their target price on IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a research note on Tuesday, February 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Finally, CL King raised IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 target price for the company in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, IPG Photonics presently has an average rating of "Hold" and a consensus price target of $85.40.

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.