Pacer Advisors Inc. Has $49.87 Million Position in IPG Photonics Co. (NASDAQ:IPGP)

Pacer Advisors Inc. lifted its holdings in IPG Photonics Co. (NASDAQ:IPGP) by 37.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 671,025 shares of the semiconductor company’s stock after acquiring an additional 181,844 shares during the quarter. Pacer Advisors Inc. owned approximately 1.55% of IPG Photonics worth $49,871,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. KBC Group NV raised its holdings in IPG Photonics by 50.6% during the 3rd quarter. KBC Group NV now owns 1,086 shares of the semiconductor company’s stock worth $81,000 after purchasing an additional 365 shares during the last quarter. Innealta Capital LLC acquired a new position in IPG Photonics during the second quarter valued at approximately $85,000. Assetmark Inc. boosted its position 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. Covestor Ltd grew its stake in 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 acquiring an additional 133 shares during the period. Finally, CWM LLC lifted its holdings in shares of IPG Photonics by 226.4% during the 3rd quarter. CWM LLC now owns 2,435 shares of the semiconductor company’s stock valued at $181,000 after purchasing an additional 1,689 shares in the last quarter. Institutional investors own 93.79% of the company’s stock.

IPG Photonics Trading Up 1.8 %

NASDAQ:IPGP opened at $74.81 on Friday. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of -21.56 and a beta of 0.98. The firm has a fifty day simple moving average of $75.33 and a two-hundred day simple moving average of $78.54. 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 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. IPG Photonics had a positive return on equity of 4.32% and a negative net margin of 14.20%. The firm had revenue of $233.14 million during the quarter, compared to analysts’ expectations of $227.89 million. During the same quarter last year, the firm posted $1.16 earnings per share. The company’s revenue for the quarter was down 22.6% compared to the same quarter last year. Equities analysts predict that IPG Photonics Co. will post 1.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.