Janus Henderson Group PLC Decreases Stake in IPG Photonics Co. (NASDAQ:IPGP)

Janus Henderson Group PLC lessened its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP) by 26.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,110 shares of the semiconductor company’s stock after selling 4,000 shares during the quarter. Janus Henderson Group PLC’s holdings in IPG Photonics were worth $826,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of IPG Photonics in the 2nd quarter valued at $85,000. KBC Group NV raised its position in IPG Photonics by 50.6% in the third quarter. KBC Group NV now owns 1,086 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 365 shares during the period. Assetmark Inc. lifted its stake 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 purchasing an additional 295 shares in the last quarter. FMR LLC boosted its position in shares of 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 buying an additional 153 shares during the period. Finally, Covestor Ltd grew its stake in shares of IPG Photonics by 7.7% in the third quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company’s stock valued at $139,000 after buying an additional 133 shares in the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IPGP has been the subject of several recent research reports. Benchmark reaffirmed a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. Finally, Northcoast Research downgraded shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, IPG Photonics presently has a consensus rating of “Hold” and a consensus price target of $93.50.

IPG Photonics Stock Performance

Shares of IPGP stock opened at $77.63 on Friday. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of -22.37 and a beta of 0.96. IPG Photonics Co. has a one year low of $61.86 and a one year high of $111.11. The company’s 50-day simple moving average is $77.56 and its 200-day simple moving average is $77.30.

IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.19 by $0.10. The company had revenue of $233.14 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. As a group, research analysts forecast that IPG Photonics Co. will post 1.51 EPS for the current year.

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.