Dimensional Fund Advisors LP Grows Holdings in IPG Photonics Co. (NASDAQ:IPGP)

Dimensional Fund Advisors LP raised its position in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,352,246 shares of the semiconductor company's stock after buying an additional 173,584 shares during the period. Dimensional Fund Advisors LP owned approximately 3.13% of IPG Photonics worth $98,335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Barclays PLC grew its stake in IPG Photonics by 42.5% during the 3rd quarter. Barclays PLC now owns 38,787 shares of the semiconductor company's stock valued at $2,883,000 after purchasing an additional 11,562 shares in the last quarter. 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 buying an additional 19,307 shares during the last quarter. Fisher Asset Management LLC raised its holdings in IPG Photonics by 30.1% in the fourth quarter. Fisher Asset Management LLC now owns 249,830 shares of the semiconductor company's stock valued at $18,168,000 after acquiring an additional 57,780 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in IPG Photonics by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 151,142 shares of the semiconductor company's stock valued at $11,233,000 after acquiring an additional 28,003 shares during the last quarter. Finally, Pacific Heights Asset Management LLC grew its holdings in IPG Photonics by 375.0% during the 4th quarter. Pacific Heights Asset Management LLC now owns 304,000 shares of the semiconductor company's stock worth $22,107,000 after acquiring an additional 240,000 shares in the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on IPGP. Citigroup reduced their price target on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a research report on Tuesday, February 18th. 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 report on Tuesday, March 18th. Needham & Company LLC reiterated a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th. Finally, Stifel Nicolaus reduced 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $85.40.

IPG Photonics Price Performance

Shares of IPGP opened at $58.15 on Monday. IPG Photonics Co. has a 12 month low of $48.59 and a 12 month high of $92.21. The stock has a fifty day moving average price of $59.41 and a 200 day moving average price of $69.56. The company has a market cap of $2.48 billion, a P/E ratio of -13.91 and a beta of 0.97.

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 positive return on equity of 2.98% and a negative net margin of 18.58%. As a group, research analysts anticipate that IPG Photonics Co. will post 1.54 earnings per share for the current 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.

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