Baillie Gifford & Co. Grows Stock Holdings in IPG Photonics Co. (NASDAQ:IPGP)

Baillie Gifford & Co. increased its holdings in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 34.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 375,546 shares of the semiconductor company's stock after buying an additional 95,199 shares during the period. Baillie Gifford & Co. owned 0.87% of IPG Photonics worth $27,310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in IPG Photonics by 56.7% in the 4th 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 period. KBC Group NV boosted its holdings in IPG Photonics by 50.6% in the 3rd quarter. KBC Group NV now owns 1,086 shares of the semiconductor company's stock valued at $81,000 after purchasing an additional 365 shares during the period. Assetmark Inc. boosted its holdings in IPG Photonics by 28.3% in the 3rd quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company's stock valued at $99,000 after purchasing an additional 295 shares during the period. FMR LLC boosted its holdings in IPG Photonics by 10.4% in the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company's stock valued at $120,000 after purchasing an additional 153 shares during the period. Finally, Covestor Ltd boosted its holdings in IPG Photonics by 7.7% in the 3rd quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company's stock valued at $139,000 after purchasing an additional 133 shares during the period. 93.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on IPGP shares. Benchmark reissued a "hold" rating on shares of IPG Photonics in a report on Wednesday, October 30th. Citigroup cut their price target on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a report on Tuesday. Stifel Nicolaus cut their price target on shares of IPG Photonics from $100.00 to $85.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Northcoast Research downgraded shares of IPG Photonics from a "buy" rating to a "neutral" rating in a report on Wednesday, December 4th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $87.75.

IPG Photonics Stock Performance

NASDAQ:IPGP traded down $1.43 during trading hours on Friday, reaching $63.17. The company's stock had a trading volume of 184,615 shares, compared to its average volume of 233,715. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of -15.11 and a beta of 0.95. The firm has a 50-day simple moving average of $71.76 and a 200-day simple moving average of $72.83. IPG Photonics Co. has a 1 year low of $60.72 and a 1 year high of $92.21.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing analysts' consensus estimates 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%. Equities analysts anticipate that IPG Photonics Co. will post 1.54 earnings per share for the current fiscal year.

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.