Quantinno Capital Management LP Acquires 25,071 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Quantinno Capital Management LP grew its stake in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 515.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,932 shares of the semiconductor company's stock after acquiring an additional 25,071 shares during the quarter. Quantinno Capital Management LP owned 0.07% of IPG Photonics worth $2,225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of IPG Photonics in the 2nd quarter valued at about $85,000. KBC Group NV grew its position in shares of IPG Photonics by 50.6% in the 3rd quarter. KBC Group NV now owns 1,086 shares of the semiconductor company's stock valued at $81,000 after purchasing an additional 365 shares during the period. Assetmark Inc. grew its position in shares of IPG Photonics by 28.3% in the 3rd quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company's stock valued at $99,000 after purchasing an additional 295 shares during the period. FMR LLC grew its position in shares of IPG Photonics by 10.4% in the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company's stock valued at $120,000 after purchasing an additional 153 shares during the period. Finally, Covestor Ltd grew its position in shares of IPG Photonics by 7.7% in the 3rd quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company's stock valued at $139,000 after purchasing an additional 133 shares during the period. 93.79% of the stock is owned by institutional investors.

IPG Photonics Trading Down 0.8 %

Shares of IPG Photonics stock traded down $0.66 on Wednesday, reaching $77.87. 92,873 shares of the company were exchanged, compared to its average volume of 262,344. IPG Photonics Co. has a one year low of $61.86 and a one year high of $111.11. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of -22.30 and a beta of 0.96. The company has a 50-day moving average of $77.29 and a 200 day moving average of $77.39.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IPGP. Benchmark reiterated a "hold" rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Northcoast Research downgraded IPG Photonics from a "buy" rating to a "neutral" rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $93.50.

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.