JPMorgan Chase & Co. Increases Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

JPMorgan Chase & Co. grew its position in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 22.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,142 shares of the semiconductor company's stock after purchasing an additional 28,003 shares during the period. JPMorgan Chase & Co. owned approximately 0.35% of IPG Photonics worth $11,233,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in IPGP. Dimensional Fund Advisors LP increased its holdings in shares of IPG Photonics by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company's stock worth $84,054,000 after buying an additional 125,958 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in IPG Photonics by 5.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,043 shares of the semiconductor company's stock worth $72,168,000 after acquiring an additional 54,166 shares during the last quarter. Pacer Advisors Inc. raised its position in IPG Photonics by 37.2% during the third quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company's stock valued at $49,871,000 after purchasing an additional 181,844 shares during the period. Disciplined Growth Investors Inc. MN lifted its stake in shares of IPG Photonics by 8.9% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company's stock valued at $39,749,000 after purchasing an additional 43,874 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of IPG Photonics by 10.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 479,301 shares of the semiconductor company's stock worth $40,448,000 after purchasing an additional 46,252 shares during the period. 93.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on IPGP shares. Needham & Company LLC restated 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 research note on Wednesday, December 4th. Finally, Benchmark reaffirmed a "hold" rating on shares of IPG Photonics in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, IPG Photonics presently has an average rating of "Hold" and a consensus price target of $93.50.

IPG Photonics Trading Down 1.2 %

Shares of IPGP opened at $71.34 on Monday. The firm has a market capitalization of $3.09 billion, a P/E ratio of -20.56 and a beta of 0.96. IPG Photonics Co. has a 12-month low of $61.86 and a 12-month high of $104.19. The firm has a fifty day moving average price of $76.59 and a 200-day moving average price of $75.84.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.10. The business had revenue of $233.14 million for 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 company's revenue for the quarter was down 22.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 EPS. Analysts predict that IPG Photonics Co. will post 1.51 earnings per share for the current 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.