Disciplined Growth Investors Inc. MN raised its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 8.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 534,833 shares of the semiconductor company's stock after acquiring an additional 43,874 shares during the quarter. Disciplined Growth Investors Inc. MN owned approximately 1.24% of IPG Photonics worth $39,749,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IPGP. KBC Group NV increased its stake 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 in the last quarter. Innealta Capital LLC acquired a new position in shares of IPG Photonics in the second quarter worth $85,000. Assetmark Inc. lifted its position in shares of IPG Photonics by 28.3% in the third quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company's stock valued at $99,000 after acquiring an additional 295 shares in the last quarter. FMR LLC boosted its stake in shares of IPG Photonics by 10.4% during the third quarter. FMR LLC now owns 1,620 shares of the semiconductor company's stock valued at $120,000 after acquiring an additional 153 shares during the last quarter. Finally, Covestor Ltd raised its stake 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 last quarter. Institutional investors and hedge funds own 93.79% of the company's stock.
Wall Street Analyst Weigh In
IPGP has been the subject of a number of recent research reports. Benchmark reiterated a "hold" rating on shares of IPG Photonics in a report on Wednesday, October 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Finally, Northcoast Research lowered IPG Photonics from a "buy" rating to a "neutral" rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $93.50.
Read Our Latest Report on IPG Photonics
IPG Photonics Price Performance
NASDAQ IPGP traded down $2.18 during mid-day trading on Tuesday, hitting $79.13. The company's stock had a trading volume of 112,421 shares, compared to its average volume of 262,570. The firm has a market capitalization of $3.42 billion, a P/E ratio of -23.43 and a beta of 0.96. IPG Photonics Co. has a 52-week low of $61.86 and a 52-week high of $111.11. The stock's fifty day simple moving average is $77.16 and its two-hundred day simple moving average is $77.44.
IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.10. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. The business had revenue of $233.14 million for the quarter, compared to analyst estimates of $227.89 million. During the same quarter in the previous year, the business posted $1.16 EPS. The business's quarterly revenue was down 22.6% on a year-over-year basis. On average, equities analysts forecast that IPG Photonics Co. will post 1.51 earnings per share for the current fiscal year.
IPG Photonics Company Profile
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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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