Raymond James Financial Inc. Makes New Investment in IPG Photonics Co. (NASDAQ:IPGP)

Raymond James Financial Inc. bought a new stake in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 121,215 shares of the semiconductor company's stock, valued at approximately $8,815,000. Raymond James Financial Inc. owned approximately 0.28% of IPG Photonics at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IPGP. Versant Capital Management Inc raised its position in IPG Photonics by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company's stock valued at $69,000 after purchasing an additional 345 shares during the period. Venturi Wealth Management LLC raised its holdings in IPG Photonics by 355.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company's stock valued at $76,000 after buying an additional 818 shares during the period. SRS Capital Advisors Inc. lifted its position in IPG Photonics by 463.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock worth $77,000 after buying an additional 876 shares during the last quarter. KBC Group NV boosted its stake in IPG Photonics by 50.6% during the third quarter. KBC Group NV now owns 1,086 shares of the semiconductor company's stock worth $81,000 after buying an additional 365 shares during the period. Finally, FMR LLC increased its position in IPG Photonics by 10.4% during the third quarter. FMR LLC now owns 1,620 shares of the semiconductor company's stock valued at $120,000 after acquiring an additional 153 shares during the last quarter. Institutional investors own 93.79% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. CL King upgraded shares of IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 target price for the company in a report on Tuesday, March 18th. Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Citigroup cut their target price on IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a research note on Tuesday, February 18th. Northcoast Research lowered IPG Photonics from a "buy" rating to a "neutral" rating in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus cut their price objective on IPG Photonics from $100.00 to $85.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $85.40.

IPG Photonics Trading Down 1.8 %

Shares of IPG Photonics stock traded down $1.21 on Tuesday, hitting $66.41. 348,925 shares of the company traded hands, compared to its average volume of 260,945. IPG Photonics Co. has a 52 week low of $56.71 and a 52 week high of $92.21. The company has a market cap of $2.83 billion, a PE ratio of -15.89 and a beta of 1.04. The stock's 50 day moving average price is $66.58 and its 200-day moving average price is $72.01.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). IPG Photonics had a negative net margin of 18.58% and a positive return on equity of 2.98%. As a group, research analysts anticipate that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

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.