5,700 Shares in IPG Photonics Co. (NASDAQ:IPGP) Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new stake in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,700 shares of the semiconductor company's stock, valued at approximately $415,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in IPG Photonics by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 999,649 shares of the semiconductor company's stock valued at $72,694,000 after buying an additional 28,606 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of IPG Photonics by 34.0% in the fourth quarter. Baillie Gifford & Co. now owns 375,546 shares of the semiconductor company's stock worth $27,310,000 after purchasing an additional 95,199 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of IPG Photonics by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 369,620 shares of the semiconductor company's stock worth $26,879,000 after purchasing an additional 19,307 shares during the period. Pacific Heights Asset Management LLC increased its stake in shares of IPG Photonics by 375.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 304,000 shares of the semiconductor company's stock worth $22,107,000 after purchasing an additional 240,000 shares during the period. Finally, Fisher Asset Management LLC increased its stake in shares of IPG Photonics by 30.1% in the fourth quarter. Fisher Asset Management LLC now owns 249,830 shares of the semiconductor company's stock worth $18,168,000 after purchasing an additional 57,780 shares during the period. 93.79% of the stock is owned by hedge funds and other institutional investors.

IPG Photonics Stock Performance

NASDAQ IPGP traded up $0.34 during trading on Tuesday, reaching $59.19. 250,353 shares of the company traded hands, compared to its average volume of 280,443. The stock's 50 day moving average price is $59.29 and its two-hundred day moving average price is $69.45. The company has a market cap of $2.53 billion, a price-to-earnings ratio of -14.16 and a beta of 0.97. IPG Photonics Co. has a 1-year low of $48.59 and a 1-year high of $92.21.

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

Analyst Upgrades and Downgrades

IPGP has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a research note on Tuesday, February 18th. Stifel Nicolaus set a $72.00 target price on IPG Photonics in a research report on Monday. 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 research report on Tuesday, March 18th. Finally, Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $82.80.

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.