Charles Schwab Investment Management Inc. Has $26.04 Million Position in IPG Photonics Co. (NASDAQ:IPGP)

Charles Schwab Investment Management Inc. lowered its holdings in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 17.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 350,313 shares of the semiconductor company's stock after selling 73,972 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.81% of IPG Photonics worth $26,035,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position 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 worth $84,054,000 after purchasing an additional 125,958 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its stake in shares of IPG Photonics by 2.2% in the second quarter. Disciplined Growth Investors Inc. MN now owns 490,959 shares of the semiconductor company's stock worth $41,432,000 after purchasing an additional 10,775 shares in the last quarter. LHM Inc. lifted its stake in shares of IPG Photonics by 61.1% in the 2nd quarter. LHM Inc. now owns 45,775 shares of the semiconductor company's stock worth $3,863,000 after acquiring an additional 17,354 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of IPG Photonics by 10.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 479,301 shares of the semiconductor company's stock valued at $40,448,000 after acquiring an additional 46,252 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of IPG Photonics by 18.1% during the third quarter. Exchange Traded Concepts LLC now owns 271,061 shares of the semiconductor company's stock valued at $20,145,000 after acquiring an additional 41,598 shares during the period. Hedge funds and other institutional investors own 93.79% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on IPGP. Northcoast Research cut IPG Photonics from a "buy" rating to a "neutral" rating in a research report on Wednesday. Benchmark reaffirmed a "hold" rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Finally, Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $93.50.

IPG Photonics Price Performance

NASDAQ IPGP traded down $0.17 on Thursday, hitting $75.19. 242,524 shares of the company were exchanged, compared to its average volume of 263,398. IPG Photonics Co. has a twelve month low of $61.86 and a twelve month high of $111.11. The company's 50 day moving average price is $76.97 and its 200-day moving average price is $77.72.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10. The business had revenue of $233.14 million during the quarter, compared to the consensus estimate of $227.89 million. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. The firm's quarterly revenue was down 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 EPS. On average, analysts predict that IPG Photonics Co. will post 1.51 EPS for the current year.

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.