Fisher Asset Management LLC Acquires 57,780 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Fisher Asset Management LLC raised its stake in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 30.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 249,830 shares of the semiconductor company's stock after purchasing an additional 57,780 shares during the quarter. Fisher Asset Management LLC owned 0.58% of IPG Photonics worth $18,168,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Creative Planning increased its stake in shares of IPG Photonics by 93.3% in the third quarter. Creative Planning now owns 6,071 shares of the semiconductor company's stock worth $451,000 after buying an additional 2,931 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of IPG Photonics in the third quarter valued at about $303,000. US Bancorp DE raised its stake in shares of IPG Photonics by 101.2% during the third quarter. US Bancorp DE now owns 7,202 shares of the semiconductor company's stock valued at $535,000 after acquiring an additional 3,623 shares during the last quarter. M&G PLC boosted its holdings in shares of IPG Photonics by 1.3% during the third quarter. M&G PLC now owns 167,485 shares of the semiconductor company's stock worth $12,394,000 after purchasing an additional 2,113 shares during the period. Finally, Assetmark Inc. grew its stake 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 worth $99,000 after purchasing an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 93.79% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have commented on IPGP shares. Stifel Nicolaus lowered their price target on IPG Photonics from $100.00 to $85.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Needham & Company LLC restated a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th. Northcoast Research cut shares of IPG Photonics from a "buy" rating to a "neutral" rating in a report on Wednesday, December 4th. Finally, Citigroup decreased their price objective on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, IPG Photonics has an average rating of "Hold" and an average target price of $87.75.

IPG Photonics Stock Up 0.7 %

Shares of NASDAQ IPGP traded up $0.46 on Friday, reaching $63.04. 1,010,803 shares of the company's stock traded hands, compared to its average volume of 315,530. The business's 50 day simple moving average is $69.02 and its two-hundred day simple moving average is $72.43. IPG Photonics Co. has a 12 month low of $56.71 and a 12 month high of $92.21. The company has a market cap of $2.68 billion, a price-to-earnings ratio of -15.08 and a beta of 0.95.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted 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 negative net margin of 18.58% and a positive return on equity of 2.98%. Analysts forecast that IPG Photonics Co. will post 1.54 earnings per share for the current fiscal year.

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.