Cambiar Investors LLC trimmed its position in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,383 shares of the semiconductor company's stock after selling 10,771 shares during the quarter. Cambiar Investors LLC owned 0.23% of IPG Photonics worth $7,082,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc boosted 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 buying an additional 345 shares in the last quarter. KBC Group NV boosted its holdings in IPG Photonics by 50.6% during the third quarter. KBC Group NV now owns 1,086 shares of the semiconductor company's stock worth $81,000 after buying an additional 365 shares in the last quarter. Assetmark Inc. boosted its holdings in IPG Photonics by 28.3% during the third quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company's stock worth $99,000 after buying an additional 295 shares in the last quarter. FMR LLC boosted its holdings in IPG Photonics by 10.4% during the third 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. Finally, Covestor Ltd boosted its holdings in IPG Photonics by 7.7% during the third quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company's stock worth $139,000 after buying an additional 133 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.
IPG Photonics Stock Up 1.0 %
Shares of NASDAQ:IPGP traded up $0.65 during trading on Friday, reaching $63.53. The stock had a trading volume of 271,336 shares, compared to its average volume of 235,298. The business has a fifty day moving average price of $73.23 and a 200-day moving average price of $73.23. The stock has a market cap of $2.75 billion, a P/E ratio of -18.31 and a beta of 0.95. IPG Photonics Co. has a fifty-two week low of $60.72 and a fifty-two week high of $92.21.
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 14.20% and a positive return on equity of 4.32%. As a group, equities analysts forecast that IPG Photonics Co. will post 1.47 EPS for the current year.
Analyst Upgrades and Downgrades
IPGP has been the topic of a number of research analyst reports. Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a report on Wednesday. Benchmark reaffirmed a "hold" rating on shares of IPG Photonics in a report on Wednesday, October 30th. Northcoast Research downgraded shares of IPG Photonics from a "buy" rating to a "neutral" rating in a report on Wednesday, December 4th. 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 report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $89.75.
Check Out Our Latest Stock Report on IPGP
IPG Photonics Company Profile
(
Free Report)
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.
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