Thrivent Financial for Lutherans Has $1.20 Million Stake in IPG Photonics Co. (NASDAQ:IPGP)

Thrivent Financial for Lutherans lessened its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 20.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,519 shares of the semiconductor company's stock after selling 4,239 shares during the period. Thrivent Financial for Lutherans' holdings in IPG Photonics were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Beaumont Financial Advisors LLC lifted its position in IPG Photonics by 4.2% in the fourth quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company's stock worth $248,000 after purchasing an additional 139 shares during the period. FMR LLC raised its stake in shares of IPG Photonics by 10.4% in the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company's stock worth $120,000 after buying an additional 153 shares in the last quarter. Waterfront Wealth Inc. lifted its holdings in shares of IPG Photonics by 1.6% in the fourth quarter. Waterfront Wealth Inc. now owns 12,310 shares of the semiconductor company's stock valued at $895,000 after buying an additional 190 shares during the period. Calamos Wealth Management LLC boosted its stake in IPG Photonics by 4.0% during the fourth quarter. Calamos Wealth Management LLC now owns 6,237 shares of the semiconductor company's stock valued at $454,000 after buying an additional 237 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in IPG Photonics by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company's stock worth $69,000 after acquiring an additional 345 shares during the period. 93.79% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics Stock Down 5.4 %

Shares of IPG Photonics stock traded down $2.97 during midday trading on Friday, hitting $52.12. The company's stock had a trading volume of 456,886 shares, compared to its average volume of 271,612. The firm has a market capitalization of $2.22 billion, a P/E ratio of -12.47 and a beta of 1.04. IPG Photonics Co. has a 1-year low of $49.55 and a 1-year high of $92.21. The stock has a 50-day simple moving average of $64.32 and a 200-day simple moving average of $71.79.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts predict that IPG Photonics Co. will post 1.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on IPGP shares. CL King raised shares of IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price target for the company in a report on Tuesday, March 18th. Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Stifel Nicolaus decreased their price target on shares of IPG Photonics from $100.00 to $85.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Finally, Citigroup cut 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $85.40.

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.