Chartwell Investment Partners LLC Acquires 45,645 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Chartwell Investment Partners LLC increased its position in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 135.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,363 shares of the semiconductor company's stock after purchasing an additional 45,645 shares during the period. Chartwell Investment Partners LLC owned 0.18% of IPG Photonics worth $5,899,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Covestor Ltd boosted its stake in shares of IPG Photonics by 7.7% during the 3rd quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company's stock worth $139,000 after purchasing an additional 133 shares during the last quarter. Fiera Capital Corp boosted its stake in IPG Photonics by 0.9% during the 2nd quarter. Fiera Capital Corp now owns 22,541 shares of the semiconductor company's stock valued at $1,902,000 after purchasing an additional 193 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of IPG Photonics by 4.2% during the second quarter. Commonwealth Equity Services LLC now owns 6,937 shares of the semiconductor company's stock worth $585,000 after purchasing an additional 278 shares during the period. Assetmark Inc. boosted its position in IPG Photonics by 28.3% during the 3rd quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company's stock worth $99,000 after acquiring an additional 295 shares during the period. Finally, Texas Permanent School Fund Corp raised its position in IPG Photonics by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 25,871 shares of the semiconductor company's stock valued at $2,346,000 after acquiring an additional 334 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Benchmark reiterated a "hold" rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Raymond James lowered their price target on shares of IPG Photonics from $127.00 to $100.00 and set a "strong-buy" rating on the stock in a report on Wednesday, July 31st. Finally, Stifel Nicolaus reduced their price objective on shares of IPG Photonics from $115.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $93.50.

IPG Photonics Trading Down 4.4 %

Shares of IPG Photonics stock traded down $3.60 during mid-day trading on Tuesday, reaching $78.33. 192,867 shares of the stock were exchanged, compared to its average volume of 264,991. The company has a market cap of $3.39 billion, a price-to-earnings ratio of -23.61 and a beta of 0.98. IPG Photonics Co. has a fifty-two week low of $61.86 and a fifty-two week high of $111.11. The firm has a 50-day simple moving average of $73.83 and a 200 day simple moving average of $79.06.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.10. The firm had revenue of $233.14 million for the quarter, compared to analyst estimates of $227.89 million. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. The company's revenue was down 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 EPS. On average, research analysts predict that IPG Photonics Co. will post 1.53 EPS for the current fiscal year.

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.