Charles Schwab Investment Management Inc. boosted its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 369,620 shares of the semiconductor company's stock after purchasing an additional 19,307 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.85% of IPG Photonics worth $26,879,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its position in shares of IPG Photonics by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company's stock valued at $69,000 after acquiring an additional 345 shares during the period. Venturi Wealth Management LLC grew its position in IPG Photonics by 355.7% in the 4th 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 during the last quarter. SRS Capital Advisors Inc. grew its position in IPG Photonics by 463.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock worth $77,000 after purchasing an additional 876 shares during the last quarter. KBC Group NV increased its holdings in shares of IPG Photonics by 50.6% during the 3rd quarter. KBC Group NV now owns 1,086 shares of the semiconductor company's stock worth $81,000 after purchasing an additional 365 shares during the period. Finally, Assetmark Inc. raised its position in shares of IPG Photonics by 28.3% during the third quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company's stock valued at $99,000 after buying an additional 295 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company's stock.
IPG Photonics Stock Performance
IPG Photonics stock traded down $0.12 during trading hours on Wednesday, hitting $65.98. 103,385 shares of the stock were exchanged, compared to its average volume of 256,743. IPG Photonics Co. has a 12 month low of $56.71 and a 12 month high of $92.21. The business's 50-day moving average is $67.16 and its two-hundred day moving average is $72.03. The stock has a market capitalization of $2.81 billion, a P/E ratio of -15.77 and a beta of 1.04.
IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its quarterly earnings results 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, equities analysts predict that IPG Photonics Co. will post 1.54 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on IPGP. CL King upgraded IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price target on the stock in a research note on Tuesday. Northcoast Research cut shares of IPG Photonics from a "buy" rating to a "neutral" rating in a research note on Wednesday, December 4th. 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 research note on Tuesday, February 18th. Stifel Nicolaus lowered their price objective on IPG Photonics from $100.00 to $85.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Finally, Needham & Company LLC reissued 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, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $85.40.
Read Our Latest Analysis on IPG Photonics
About IPG Photonics
(
Free Report)
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.
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