Motley Fool Asset Management LLC Acquires 7,867 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Motley Fool Asset Management LLC boosted its stake in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 36.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,603 shares of the semiconductor company's stock after purchasing an additional 7,867 shares during the period. Motley Fool Asset Management LLC owned about 0.07% of IPG Photonics worth $2,153,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IPGP. Versant Capital Management Inc raised its holdings in IPG Photonics by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company's stock valued at $69,000 after buying an additional 345 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of IPG Photonics by 355.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company's stock worth $76,000 after purchasing an additional 818 shares during the period. SRS Capital Advisors Inc. grew its stake in shares of IPG Photonics by 463.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock worth $77,000 after purchasing an additional 876 shares during the last quarter. Headlands Technologies LLC purchased a new position in IPG Photonics during the 4th quarter valued at about $87,000. Finally, KBC Group NV raised its position in IPG Photonics by 48.5% during the 4th quarter. KBC Group NV now owns 1,613 shares of the semiconductor company's stock valued at $117,000 after purchasing an additional 527 shares during the last quarter. Institutional investors own 93.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IPGP shares. Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a research note on Wednesday, February 12th. CL King raised shares of IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price objective on the stock in a research report on Tuesday, March 18th. Citigroup dropped their target price on shares of 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 reduced 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. One analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $85.40.

IPG Photonics Stock Up 15.7 %

Shares of IPGP stock traded up $7.79 during mid-day trading on Wednesday, reaching $57.47. 561,240 shares of the company's stock traded hands, compared to its average volume of 275,032. The company's 50-day moving average price is $62.43 and its 200-day moving average price is $71.19. The company has a market cap of $2.45 billion, a P/E ratio of -13.75 and a beta of 0.97. IPG Photonics Co. has a 12 month low of $48.59 and a 12 month high of $92.21.

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

IPG Photonics 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.