2 weeks Ago By Defense World Staff
Vanguard Group Inc. lowered its position in shares of IPG Photonics Co. (NASDAQ:IPGP – Free Report) by 6.
8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,004,567 shares of the semiconductor company’s stock after selling 220,372 shares during the period. Vanguard Group Inc.
owned about 6.95% of IPG Photonics worth $218,492,000 at the end of the most recent reporting period. Other hedge funds have also recently added to or reduced their stakes in the company.
Versant Capital Management Inc raised its holdings in shares of IPG Photonics by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 345 shares in the last quarter.
Venturi Wealth Management LLC raised its stake in shares of IPG Photonics by 355.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company’s stock worth $76,000 after acquiring an additional 818 shares in the last quarter.
SRS Capital Advisors Inc. raised its stake in shares of IPG Photonics by 463.5% during the fourth quarter.
SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 876 shares in the last quarter. KBC Group NV lifted its holdings in shares of IPG Photonics by 48.
5% in the 4th quarter. KBC Group NV now owns 1,613 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 527 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of IPG Photonics by 10.
4% in the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock valued at $120,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 93.
79% of the company’s stock. IPG Photonics Price PerformanceNASDAQ IPGP opened at $52.12 on Friday.
IPG Photonics Co. has a 1 year low of $49.55 and a 1 year high of $92.
21. The stock has a market capitalization of $2.22 billion, a PE ratio of -12.
47 and a beta of 1.04. The business’s 50-day moving average is $64.
32 and its 200 day moving average is $71.79. IPG Photonics (NASDAQ:IPGP – Get Free Report) last released 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, equities research analysts anticipate that IPG Photonics Co. will post 1.
54 earnings per share for the current year. Wall Street Analysts Forecast GrowthA number of brokerages recently commented on IPGP. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th.
CL King upgraded IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Tuesday, March 18th. Stifel Nicolaus dropped their target price on IPG Photonics from $100.
00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Finally, Citigroup reduced their price target 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.
According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $85.40.
Read Our Latest Stock Report on IPGPAbout IPG Photonics (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.Featured StoriesFive stocks we like better than IPG PhotonicsWhat Are Dividends? Buy the Best Dividend StocksConagra Stock Could Thrive as Tariffs Hit Other SectorsWhat is a Death Cross in Stocks?Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey FindsDiversification Can Smooth Returns And Mitigate Portfolio RiskSpotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?.
