Sora Investors LLC Decreases Stock Holdings in IPG Photonics Co. (NASDAQ:IPGP)

Sora Investors LLC trimmed its position in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 39.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,000 shares of the semiconductor company's stock after selling 55,000 shares during the period. Sora Investors LLC owned about 0.20% of IPG Photonics worth $6,317,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of IPG Photonics by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company's stock valued at $84,054,000 after purchasing an additional 125,958 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of IPG Photonics by 5.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,043 shares of the semiconductor company's stock valued at $72,168,000 after acquiring an additional 54,166 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in IPG Photonics by 1.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 916,877 shares of the semiconductor company's stock valued at $77,375,000 after purchasing an additional 11,548 shares during the period. Pacer Advisors Inc. boosted its stake in IPG Photonics by 37.2% in the third quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company's stock valued at $49,871,000 after acquiring an additional 181,844 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN increased its holdings in IPG Photonics by 2.2% in the second quarter. Disciplined Growth Investors Inc. MN now owns 490,959 shares of the semiconductor company's stock valued at $41,432,000 after purchasing an additional 10,775 shares during the last quarter. 93.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IPGP. Northcoast Research cut IPG Photonics from a "buy" rating to a "neutral" rating in a report on Wednesday. Needham & Company LLC restated a "hold" rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Finally, Benchmark restated a "hold" rating on shares of IPG Photonics in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $93.50.

IPG Photonics Price Performance

Shares of IPG Photonics stock traded up $1.35 during trading hours on Friday, reaching $76.54. The company had a trading volume of 55,325 shares, compared to its average volume of 262,496. The business has a fifty day simple moving average of $76.98 and a 200 day simple moving average of $77.70. The firm has a market cap of $3.31 billion, a PE ratio of -21.67 and a beta of 0.96. IPG Photonics Co. has a one year low of $61.86 and a one year high of $111.11.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced 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. The company had revenue of $233.14 million during the quarter, compared to analyst estimates of $227.89 million. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. The firm's quarterly revenue was down 22.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 earnings per share. On average, research analysts forecast that IPG Photonics Co. will post 1.51 EPS for the current 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.