IPG Photonics Co. (NASDAQ:IPGP) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 7.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,684 shares of the semiconductor company's stock after selling 6,744 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of IPG Photonics worth $5,848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of IPG Photonics by 1.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 916,877 shares of the semiconductor company's stock valued at $77,375,000 after buying an additional 11,548 shares during the last quarter. Donald L. Hagan LLC lifted its position in IPG Photonics by 19.3% during the 2nd quarter. Donald L. Hagan LLC now owns 3,484 shares of the semiconductor company's stock worth $294,000 after acquiring an additional 564 shares during the period. Bank of New York Mellon Corp grew its stake in shares of IPG Photonics by 26.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 303,113 shares of the semiconductor company's stock valued at $25,580,000 after purchasing an additional 63,369 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of IPG Photonics in the 2nd quarter valued at approximately $85,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of IPG Photonics by 4.2% in the second quarter. Commonwealth Equity Services LLC now owns 6,937 shares of the semiconductor company's stock valued at $585,000 after purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 93.79% of the company's stock.

IPG Photonics Price Performance

Shares of IPGP stock traded down $0.80 during midday trading on Wednesday, reaching $77.73. 211,899 shares of the company traded hands, compared to its average volume of 262,859. The firm's 50 day simple moving average is $77.38 and its two-hundred day simple moving average is $77.40. The firm has a market cap of $3.36 billion, a PE ratio of -22.40 and a beta of 0.96. IPG Photonics Co. has a 1-year low of $61.86 and a 1-year high of $111.11.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings data 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. IPG Photonics had a positive return on equity of 4.32% and a negative net margin of 14.20%. The firm had revenue of $233.14 million during the quarter, compared to analysts' expectations of $227.89 million. During the same period in the previous year, the firm posted $1.16 earnings per share. IPG Photonics's revenue was down 22.6% on a year-over-year basis. As a group, research analysts anticipate that IPG Photonics Co. will post 1.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on IPGP shares. Needham & Company LLC reiterated a "hold" rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Northcoast Research lowered shares of IPG Photonics from a "buy" rating to a "neutral" rating in a research note on Wednesday, December 4th. Finally, Benchmark restated a "hold" rating on shares of IPG Photonics in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $93.50.

About IPG Photonics

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.