American Century Companies Inc. Purchases 85,889 Shares of IPG Photonics Co. (NASDAQ:IPGP)

American Century Companies Inc. lifted its position in IPG Photonics Co. ( NASDAQ:IPGP – Free Report ) by 1,076.

7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,866 shares of the semiconductor company’s stock after buying an additional 85,889 shares during the period. American Century Companies Inc.



owned approximately 0.22% of IPG Photonics worth $6,826,000 as of its most recent SEC filing. Several other large investors have also recently modified their holdings of IPGP.

Versant Capital Management Inc grew its holdings in IPG Photonics by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 345 shares during the last quarter.

Venturi Wealth Management LLC boosted its position in shares of IPG Photonics by 355.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company’s stock worth $76,000 after purchasing an additional 818 shares in the last quarter.

SRS Capital Advisors Inc. boosted its position in shares of IPG Photonics by 463.5% in the 4th quarter.

SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 876 shares in the last quarter. KBC Group NV grew its stake in IPG Photonics by 48.

5% during the 4th quarter. KBC Group NV now owns 1,613 shares of the semiconductor company’s stock worth $117,000 after buying an additional 527 shares during the last quarter. Finally, FMR LLC increased its position in IPG Photonics by 10.

4% during the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 153 shares in the last quarter. Institutional investors own 93.

79% of the company’s stock. Wall Street Analysts Forecast Growth Several equities research analysts have weighed in on IPGP shares. Citigroup lowered their price target on IPG Photonics from $62.

00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, February 18th. CL King upgraded shares of IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.

00 target price for the company in a research note on Tuesday, March 18th. Stifel Nicolaus dropped their target price on shares of IPG Photonics from $100.00 to $85.

00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock.

Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $85.40. IPG Photonics Trading Down 13.

2 % Shares of NASDAQ IPGP opened at $55.09 on Friday. The company has a 50 day simple moving average of $64.

75 and a two-hundred day simple moving average of $71.88. The stock has a market cap of $2.

34 billion, a price-to-earnings ratio of -13.18 and a beta of 1.04.

IPG Photonics Co. has a 12 month low of $54.95 and a 12 month high of $92.

21. IPG Photonics ( NASDAQ:IPGP – Get Free Report ) last posted its earnings results on Tuesday, February 11th. The semiconductor company reported $0.

18 earnings per share (EPS) 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%.

Analysts forecast that IPG Photonics Co. will post 1.54 EPS for the current year.

IPG Photonics Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than IPG Photonics Uptrend Stocks Explained: Learn How to Trade Using Uptrends Shares of RH Down Nearly 40%: Where Investors Can Turn To Now Basic Materials Stocks Investing Tariffs, Spin-Out, and R2 Updates Are Positive Signs for Rivian Following Congress Stock Trades Cathie Wood Loads Up on Baidu—Is It the Right Time to Buy? Want to see what other hedge funds are holding IPGP? Visit HoldingsChannel.

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