Royce & Associates LP lifted its position in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 17.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 192,740 shares of the semiconductor company's stock after buying an additional 28,712 shares during the period. Royce & Associates LP owned approximately 0.45% of IPG Photonics worth $14,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. one8zero8 LLC acquired a new stake in shares of IPG Photonics during the 4th quarter worth about $1,406,000. Brandes Investment Partners LP increased its position in shares of IPG Photonics by 1.5% during the fourth quarter. Brandes Investment Partners LP now owns 64,322 shares of the semiconductor company's stock valued at $4,677,000 after acquiring an additional 940 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of IPG Photonics in the 4th quarter valued at approximately $5,678,000. Inspire Advisors LLC purchased a new stake in shares of IPG Photonics in the 4th quarter valued at approximately $213,000. Finally, Pacific Heights Asset Management LLC lifted its holdings in shares of IPG Photonics by 375.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 304,000 shares of the semiconductor company's stock worth $22,107,000 after acquiring an additional 240,000 shares during the last quarter. Hedge funds and other institutional investors own 93.79% of the company's stock.
Analyst Upgrades and Downgrades
IPGP has been the subject of several research reports. Northcoast Research downgraded shares of IPG Photonics from a "buy" rating to a "neutral" rating in a report on Wednesday, December 4th. Citigroup dropped their price objective on IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus lowered their target price on IPG Photonics from $100.00 to $85.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. CL King raised IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 target price for the company in a research report on Tuesday. Finally, Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics 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 issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $85.40.
Get Our Latest Report on IPG Photonics
IPG Photonics Trading Down 2.0 %
IPGP traded down $1.29 on Friday, hitting $64.06. 795,669 shares of the company were exchanged, compared to its average volume of 260,108. The company has a market cap of $2.73 billion, a price-to-earnings ratio of -15.33 and a beta of 1.04. The firm has a 50-day moving average price of $66.83 and a two-hundred day moving average price of $71.94. IPG Photonics Co. has a twelve month low of $56.71 and a twelve month high of $92.21.
IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. Equities analysts expect that IPG Photonics Co. will post 1.54 EPS for the current year.
IPG Photonics Company Profile
(
Free Report)
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.
See Also
Before you consider IPG Photonics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IPG Photonics wasn't on the list.
While IPG Photonics currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
