IPG Photonics Co. (NASDAQ:IPGP) Stock Holdings Lifted by Quantbot Technologies LP

Quantbot Technologies LP raised its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,040 shares of the semiconductor company’s stock after purchasing an additional 787 shares during the period. Quantbot Technologies LP owned 0.06% of IPG Photonics worth $1,748,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in IPG Photonics by 23.8% in the third quarter. Victory Capital Management Inc. now owns 7,205 shares of the semiconductor company’s stock valued at $535,000 after acquiring an additional 1,385 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of IPG Photonics in the 3rd quarter valued at $190,000. Fisher Asset Management LLC boosted its holdings in IPG Photonics by 4.3% in the third quarter. Fisher Asset Management LLC now owns 192,050 shares of the semiconductor company’s stock worth $14,273,000 after purchasing an additional 7,911 shares in the last quarter. FMR LLC boosted its holdings in IPG Photonics by 10.4% in the third quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 153 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in IPG Photonics by 49.5% during the third quarter. BNP Paribas Financial Markets now owns 31,701 shares of the semiconductor company’s stock worth $2,356,000 after buying an additional 10,491 shares during the last quarter. Institutional investors own 93.79% of the company’s stock.

IPG Photonics Trading Up 5.6 %

Shares of IPG Photonics stock opened at $67.62 on Tuesday. IPG Photonics Co. has a 1 year low of $56.71 and a 1 year high of $92.21. The company’s fifty day simple moving average is $66.58 and its 200-day simple moving average is $72.01. The company has a market cap of $2.88 billion, a price-to-earnings ratio of -16.18 and a beta of 1.04.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, research analysts forecast that IPG Photonics Co. will post 1.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on IPGP. Citigroup decreased their price target 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. Northcoast Research cut IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. CL King raised shares of IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Tuesday, March 18th. Stifel Nicolaus decreased their price objective on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average 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.