Thrivent Financial for Lutherans Has $1.20 Million Position in IPG Photonics Co. (NASDAQ:IPGP)

Thrivent Financial for Lutherans lessened its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP) by 20.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,519 shares of the semiconductor company’s stock after selling 4,239 shares during the quarter. Thrivent Financial for Lutherans’ holdings in IPG Photonics were worth $1,202,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted 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 buying an additional 28,606 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its stake in IPG Photonics by 8.9% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock valued at $39,749,000 after purchasing an additional 43,874 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in IPG Photonics by 34.0% in the 4th quarter. Baillie Gifford & Co. now owns 375,546 shares of the semiconductor company’s stock valued at $27,310,000 after purchasing an additional 95,199 shares during the period. Charles Schwab Investment Management Inc. grew its position in IPG Photonics by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,620 shares of the semiconductor company’s stock worth $26,879,000 after purchasing an additional 19,307 shares during the last quarter. Finally, Pacific Heights Asset Management LLC increased its holdings in shares of IPG Photonics by 375.0% during the 4th quarter. Pacific Heights Asset Management LLC now owns 304,000 shares of the semiconductor company’s stock worth $22,107,000 after purchasing an additional 240,000 shares during the period. Institutional investors own 93.79% of the company’s stock.

IPG Photonics Stock Performance

IPGP opened at $63.14 on Tuesday. IPG Photonics Co. has a twelve month low of $56.71 and a twelve month high of $92.21. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of -15.11 and a beta of 1.04. The firm’s 50-day simple moving average is $65.76 and its 200-day simple moving average is $72.09.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share 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, sell-side analysts anticipate that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IPGP shares. Citigroup decreased their target price on IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a research report on Tuesday, February 18th. Stifel Nicolaus cut their target price on IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. CL King upgraded 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 note on Tuesday, March 18th. Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, IPG Photonics presently has a consensus rating of “Hold” and an average 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.