Schaper Benz & Wise Investment Counsel Inc. WI Buys 7,009 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 10.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,752 shares of the semiconductor company's stock after buying an additional 7,009 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI owned approximately 0.17% of IPG Photonics worth $5,704,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Crewe Advisors LLC acquired a new position in IPG Photonics during the first quarter worth $52,000. Mather Group LLC. acquired a new position in shares of IPG Photonics during the 1st quarter worth about $67,000. Innealta Capital LLC acquired a new position in shares of IPG Photonics during the 2nd quarter worth about $85,000. Covestor Ltd raised its holdings in shares of IPG Photonics by 94.2% in the 1st quarter. Covestor Ltd now owns 1,728 shares of the semiconductor company's stock valued at $157,000 after purchasing an additional 838 shares during the period. Finally, EntryPoint Capital LLC lifted its stake in IPG Photonics by 97.6% in the 1st quarter. EntryPoint Capital LLC now owns 1,964 shares of the semiconductor company's stock valued at $178,000 after purchasing an additional 970 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics Stock Up 0.3 %

Shares of IPG Photonics stock traded up $0.24 on Friday, hitting $75.59. The stock had a trading volume of 206,635 shares, compared to its average volume of 263,868. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 19.48 and a beta of 1.00. IPG Photonics Co. has a twelve month low of $61.86 and a twelve month high of $111.11. The business's 50 day moving average is $70.06 and its two-hundred day moving average is $79.74.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.03). The firm had revenue of $257.60 million during the quarter, compared to analyst estimates of $259.31 million. IPG Photonics had a net margin of 12.67% and a return on equity of 5.99%. The business's quarterly revenue was down 24.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.31 earnings per share. As a group, equities analysts predict that IPG Photonics Co. will post 1.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IPGP has been the topic of a number of recent analyst reports. Raymond James lowered their price target on IPG Photonics from $127.00 to $100.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, July 31st. Stifel Nicolaus dropped their price target on IPG Photonics from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. Finally, Benchmark cut shares of IPG Photonics from a "buy" rating to a "hold" rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $93.50.

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.