Fisher Asset Management LLC Raises Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

Fisher Asset Management LLC raised its stake in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 4.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,050 shares of the semiconductor company's stock after acquiring an additional 7,911 shares during the period. Fisher Asset Management LLC owned approximately 0.44% of IPG Photonics worth $14,273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in IPG Photonics by 37.2% in the 3rd quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company's stock worth $49,871,000 after purchasing an additional 181,844 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of IPG Photonics by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company's stock valued at $84,054,000 after buying an additional 125,958 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of IPG Photonics by 26.4% during the second quarter. Bank of New York Mellon Corp now owns 303,113 shares of the semiconductor company's stock valued at $25,580,000 after acquiring an additional 63,369 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in IPG Photonics by 5.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,043 shares of the semiconductor company's stock worth $72,168,000 after acquiring an additional 54,166 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in IPG Photonics by 25.8% in the 2nd quarter. AQR Capital Management LLC now owns 254,578 shares of the semiconductor company's stock valued at $21,484,000 after acquiring an additional 52,204 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors.

IPG Photonics Stock Up 0.2 %

Shares of IPG Photonics stock traded up $0.18 during trading hours on Thursday, reaching $77.30. 180,830 shares of the stock traded hands, compared to its average volume of 264,867. IPG Photonics Co. has a one year low of $61.86 and a one year high of $111.11. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of -22.28 and a beta of 0.98. The company has a 50 day moving average price of $76.27 and a 200 day moving average price of $78.13.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share (EPS) 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 company had revenue of $233.14 million during the quarter, compared to analyst estimates of $227.89 million. During the same period in the previous year, the business posted $1.16 earnings per share. The firm's quarterly revenue was down 22.6% compared to the same quarter last year. Sell-side analysts anticipate that IPG Photonics Co. will post 1.51 earnings per share for the current year.

Analyst Ratings Changes

IPGP has been the subject of several recent analyst reports. Raymond James decreased their price target on IPG Photonics from $127.00 to $100.00 and set a "strong-buy" rating for the company in a research note on Wednesday, July 31st. Benchmark reissued a "hold" rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Needham & Company LLC reiterated a "hold" rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus lowered their price objective on shares of IPG Photonics from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $93.50.

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.