IPG Photonics Co. (NASDAQ:IPGP) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in shares of IPG Photonics Co. (NASDAQ:IPGP) by 16.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,000 shares of the semiconductor company’s stock after buying an additional 1,400 shares during the period. Handelsbanken Fonder AB’s holdings in IPG Photonics were worth $727,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of IPG Photonics by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 999,649 shares of the semiconductor company’s stock worth $72,694,000 after purchasing an additional 28,606 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of IPG Photonics by 37.2% during the third quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company’s stock worth $49,871,000 after purchasing an additional 181,844 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in shares of IPG Photonics by 8.9% during the third quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock worth $39,749,000 after purchasing an additional 43,874 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in shares of IPG Photonics by 34.0% during the fourth quarter. Baillie Gifford & Co. now owns 375,546 shares of the semiconductor company’s stock worth $27,310,000 after purchasing an additional 95,199 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of IPG Photonics by 4.3% during 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 during the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Trading Up 0.6 %

Shares of IPG Photonics stock opened at $58.19 on Friday. IPG Photonics Co. has a twelve month low of $56.71 and a twelve month high of $92.21. The stock has a market capitalization of $2.48 billion, a P/E ratio of -13.92 and a beta of 0.95. The business’s fifty day moving average price is $70.20 and its 200 day moving average price is $72.59.

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 negative net margin of 18.58% and a positive return on equity of 2.98%. As a group, sell-side analysts predict that IPG Photonics Co. will post 1.54 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on IPGP shares. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, February 12th. Citigroup decreased 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. Northcoast Research cut IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. Finally, Stifel Nicolaus reduced their target price on IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, IPG Photonics presently has an average rating of “Hold” and an average price target of $87.75.

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.