Schaper Benz & Wise Investment Counsel Inc. WI Reduces Stock Holdings in IPG Photonics Co. (NASDAQ:IPGP)

Schaper Benz & Wise Investment Counsel Inc. WI lessened its stake in IPG Photonics Co. (NASDAQ:IPGP) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 75,996 shares of the semiconductor company’s stock after selling 756 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI owned 0.18% of IPG Photonics worth $5,526,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc increased its stake in IPG Photonics by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock worth $69,000 after buying an additional 345 shares in the last quarter. Venturi Wealth Management LLC increased its stake in IPG Photonics by 355.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company’s stock worth $76,000 after acquiring an additional 818 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in IPG Photonics by 463.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 876 shares during the last quarter. KBC Group NV boosted its position in shares of 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, Assetmark Inc. boosted its position in shares of IPG Photonics by 28.3% during the third quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company’s stock worth $99,000 after buying an additional 295 shares during the period. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Trading Up 0.7 %

Shares of NASDAQ:IPGP opened at $63.04 on Friday. IPG Photonics Co. has a 52 week low of $56.71 and a 52 week high of $92.21. The firm has a market capitalization of $2.68 billion, a P/E ratio of -15.08 and a beta of 1.04. The firm’s 50 day moving average is $68.81 and its two-hundred day moving average is $72.39.

IPG Photonics (NASDAQ:IPGP) 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%. Analysts predict that IPG Photonics Co. will post 1.54 EPS for the current year.

Analyst Ratings Changes

IPGP has been the subject of a number of recent research reports. Stifel Nicolaus decreased 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. Citigroup lowered their price objective on 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 reissued a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Finally, Northcoast Research lowered IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, IPG Photonics currently has a consensus rating of “Hold” and an average price target of $87.75.

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.