IPG Photonics Co. (NASDAQ:IPGP) Stock Holdings Raised by KBC Group NV

KBC Group NV lifted its holdings in IPG Photonics Co. (NASDAQ:IPGP) by 50.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,086 shares of the semiconductor company’s stock after purchasing an additional 365 shares during the period. KBC Group NV’s holdings in IPG Photonics were worth $81,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. raised its stake in IPG Photonics by 58.7% during the 2nd quarter. Pacer Advisors Inc. now owns 489,181 shares of the semiconductor company’s stock valued at $41,282,000 after acquiring an additional 180,951 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in IPG Photonics by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company’s stock valued at $84,054,000 after buying an additional 125,958 shares in the last quarter. Bank of New York Mellon Corp raised its stake in IPG Photonics by 26.4% during 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 period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of IPG Photonics by 5.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,043 shares of the semiconductor company’s stock worth $72,168,000 after purchasing an additional 54,166 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of IPG Photonics by 25.8% during the 2nd quarter. AQR Capital Management LLC now owns 254,578 shares of the semiconductor company’s stock valued at $21,484,000 after acquiring an additional 52,204 shares in the last quarter. Institutional investors own 93.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Benchmark restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Raymond James dropped their price target on shares of IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating for the company in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus reduced their target price on shares of IPG Photonics from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, IPG Photonics has an average rating of “Hold” and a consensus target price of $93.50.

IPG Photonics Stock Up 4.0 %

Shares of IPGP stock opened at $77.79 on Friday. The firm has a fifty day moving average of $75.53 and a 200-day moving average of $78.51. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of -22.14 and a beta of 0.98. IPG Photonics Co. has a 12-month low of $61.86 and a 12-month high of $111.11.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. The company had revenue of $233.14 million for the quarter, compared to analysts’ expectations of $227.89 million. IPG Photonics had a positive return on equity of 4.32% and a negative net margin of 14.20%. The business’s revenue was down 22.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 EPS. On average, equities analysts expect that IPG Photonics Co. will post 1.53 EPS for the current year.

IPG Photonics 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.