IPG Photonics Co. (NASDAQ:IPGP) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP raised its holdings in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 35.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 343,208 shares of the semiconductor company's stock after buying an additional 89,237 shares during the period. First Trust Advisors LP owned approximately 0.79% of IPG Photonics worth $24,958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in IPG Photonics by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 999,649 shares of the semiconductor company's stock worth $72,694,000 after purchasing an additional 28,606 shares in the last quarter. Baillie Gifford & Co. increased its position in IPG Photonics by 34.0% during the fourth quarter. Baillie Gifford & Co. now owns 375,546 shares of the semiconductor company's stock worth $27,310,000 after buying an additional 95,199 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in IPG Photonics by 5.5% during 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 in the last quarter. Pacific Heights Asset Management LLC increased its position in IPG Photonics by 375.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 304,000 shares of the semiconductor company's stock worth $22,107,000 after buying an additional 240,000 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of 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 purchasing an additional 57,780 shares during the period. Hedge funds and other institutional investors own 93.79% of the company's stock.

IPG Photonics Stock Up 0.6 %

Shares of NASDAQ IPGP traded up $0.34 on Tuesday, hitting $59.19. The company had a trading volume of 250,353 shares, compared to its average volume of 280,443. IPG Photonics Co. has a 12-month low of $48.59 and a 12-month high of $92.21. The business has a 50 day moving average of $59.29 and a two-hundred day moving average of $69.45. The firm has a market capitalization of $2.53 billion, a P/E ratio of -14.16 and a beta of 0.97.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its quarterly 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%. On average, sell-side analysts anticipate that IPG Photonics Co. will post 1.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of IPG Photonics in a research report on Wednesday, February 12th. 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 report on Tuesday, March 18th. Citigroup lowered their price objective on IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus set a $72.00 price target on IPG Photonics in a research report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $82.80.

About IPG Photonics

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.