Quantbot Technologies LP Increases Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

Quantbot Technologies LP grew its stake in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 57.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,253 shares of the semiconductor company's stock after purchasing an additional 8,507 shares during the quarter. Quantbot Technologies LP owned about 0.05% of IPG Photonics worth $1,728,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of IPGP. Covestor Ltd lifted its holdings in IPG Photonics by 7.7% in 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 during the period. Fiera Capital Corp raised its position in shares of IPG Photonics by 0.9% in the 2nd quarter. Fiera Capital Corp now owns 22,541 shares of the semiconductor company's stock worth $1,902,000 after acquiring an additional 193 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in IPG Photonics by 4.2% in the second quarter. Commonwealth Equity Services LLC now owns 6,937 shares of the semiconductor company's stock worth $585,000 after purchasing an additional 278 shares in the last quarter. Assetmark Inc. lifted its position in IPG Photonics by 28.3% during the third quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company's stock valued at $99,000 after buying an additional 295 shares during the period. Finally, KBC Group NV boosted its holdings in shares of IPG Photonics by 50.6% during the 3rd quarter. KBC Group NV now owns 1,086 shares of the semiconductor company's stock valued at $81,000 after buying an additional 365 shares in the last quarter. Institutional investors own 93.79% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Needham & Company LLC reiterated a "hold" rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Benchmark reaffirmed a "hold" rating on shares of IPG Photonics in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, IPG Photonics presently has an average rating of "Hold" and an average price target of $93.50.

IPG Photonics Price Performance

IPG Photonics stock traded up $0.74 during mid-day trading on Friday, reaching $78.04. The stock had a trading volume of 117,990 shares, compared to its average volume of 264,231. IPG Photonics Co. has a one year low of $61.86 and a one year high of $111.11. The company has a 50-day moving average price of $76.55 and a two-hundred day moving average price of $78.04. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of -22.49 and a beta of 0.98.

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