First Eagle Investment Management LLC reduced its position in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,497,062 shares of the semiconductor company's stock after selling 19,863 shares during the quarter. First Eagle Investment Management LLC owned about 10.40% of IPG Photonics worth $327,026,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in IPG Photonics by 100.4% during the 3rd quarter. Jane Street Group LLC now owns 21,771 shares of the semiconductor company's stock valued at $1,618,000 after purchasing an additional 10,906 shares in the last quarter. Barclays PLC boosted 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. Fisher Asset Management LLC boosted its stake in IPG Photonics by 30.1% during the 4th quarter. Fisher Asset Management LLC now owns 249,830 shares of the semiconductor company's stock valued at $18,168,000 after purchasing an additional 57,780 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in shares of IPG Photonics by 8.9% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company's stock worth $39,749,000 after acquiring an additional 43,874 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of IPG Photonics by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 151,142 shares of the semiconductor company's stock worth $11,233,000 after acquiring an additional 28,003 shares in the last quarter. 93.79% of the stock is owned by institutional investors.
IPG Photonics Stock Up 4.4 %
Shares of IPG Photonics stock traded up $2.78 during midday trading on Tuesday, hitting $66.10. The company's stock had a trading volume of 388,416 shares, compared to its average volume of 257,574. The firm has a market capitalization of $2.81 billion, a P/E ratio of -15.81 and a beta of 1.04. The stock has a 50-day simple moving average of $67.33 and a 200-day simple moving average of $72.04. IPG Photonics Co. has a 1-year low of $56.71 and a 1-year high of $92.21.
IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing the consensus estimate 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, sell-side analysts predict that IPG Photonics Co. will post 1.54 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. CL King raised IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price objective for the company in a research note on Tuesday. Citigroup reduced their price objective on IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a research note on Tuesday, February 18th. Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Stifel Nicolaus reduced their price objective on IPG Photonics from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Finally, Northcoast Research lowered IPG Photonics from a "buy" rating to a "neutral" rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $85.40.
Read Our Latest Research Report on IPGP
IPG Photonics Profile
(
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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