Trillium Asset Management LLC Sells 74,254 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Trillium Asset Management LLC lowered its position in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 39.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,867 shares of the semiconductor company's stock after selling 74,254 shares during the quarter. Trillium Asset Management LLC owned 0.27% of IPG Photonics worth $8,353,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Beaumont Financial Advisors LLC increased its position in IPG Photonics by 4.2% in the fourth quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company's stock worth $248,000 after buying an additional 139 shares during the last quarter. FMR LLC increased its holdings in IPG Photonics by 10.4% in the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company's stock worth $120,000 after acquiring an additional 153 shares during the last quarter. Waterfront Wealth Inc. raised its stake in IPG Photonics by 1.6% in the 4th quarter. Waterfront Wealth Inc. now owns 12,310 shares of the semiconductor company's stock valued at $895,000 after acquiring an additional 190 shares during the period. Xponance Inc. lifted its holdings in IPG Photonics by 7.6% during the fourth quarter. Xponance Inc. now owns 3,201 shares of the semiconductor company's stock valued at $233,000 after purchasing an additional 226 shares during the last quarter. Finally, Calamos Wealth Management LLC boosted its position in IPG Photonics by 4.0% during the fourth quarter. Calamos Wealth Management LLC now owns 6,237 shares of the semiconductor company's stock worth $454,000 after purchasing an additional 237 shares during the period. Hedge funds and other institutional investors own 93.79% of the company's stock.

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IPG Photonics Price Performance

NASDAQ IPGP traded up $3.56 during trading hours on Monday, reaching $67.62. 373,496 shares of the company's stock traded hands, compared to its average volume of 260,962. The firm has a market cap of $2.88 billion, a PE ratio of -16.18 and a beta of 1.04. IPG Photonics Co. has a 52-week low of $56.71 and a 52-week high of $92.21. The firm has a 50-day simple moving average of $66.67 and a 200 day simple moving average of $72.00.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share 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%. Sell-side analysts forecast that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on IPGP shares. Northcoast Research cut IPG Photonics from a "buy" rating to a "neutral" rating in a research report on Wednesday, December 4th. 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 report on Tuesday, March 18th. Citigroup lowered their price target on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a report on Tuesday, February 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus lowered their target price on shares of IPG Photonics from $100.00 to $85.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. One research 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $85.40.

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.