IPG Photonics Co. (NASDAQ:IPGP) Stock Position Increased by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN grew its position in IPG Photonics Co. (NASDAQ:IPGP) by 8.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 534,833 shares of the semiconductor company’s stock after purchasing an additional 43,874 shares during the period. Disciplined Growth Investors Inc. MN’s holdings in IPG Photonics were worth $39,749,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in shares of IPG Photonics by 37.2% during the third quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company’s stock worth $49,871,000 after buying an additional 181,844 shares during the period. Dimensional Fund Advisors LP boosted its position in IPG Photonics by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company’s stock worth $84,054,000 after acquiring an additional 125,958 shares during the period. Bank of New York Mellon Corp grew its stake in shares of IPG Photonics by 26.4% in the second quarter. Bank of New York Mellon Corp now owns 303,113 shares of the semiconductor company’s stock worth $25,580,000 after purchasing an additional 63,369 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased 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 valued at $72,168,000 after purchasing an additional 54,166 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of IPG Photonics by 25.8% during the second quarter. AQR Capital Management LLC now owns 254,578 shares of the semiconductor company’s stock valued at $21,484,000 after purchasing an additional 52,204 shares during the period. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Trading Up 6.1 %

Shares of NASDAQ IPGP opened at $81.31 on Tuesday. The firm has a 50-day moving average of $77.16 and a two-hundred day moving average of $77.44. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of -23.43 and a beta of 0.96. IPG Photonics Co. has a twelve month low of $61.86 and a twelve month high of $111.11.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10. The business had revenue of $233.14 million during the quarter, compared to analyst estimates of $227.89 million. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. The business’s quarterly revenue was down 22.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.16 earnings per share. As a group, research analysts predict that IPG Photonics Co. will post 1.51 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Benchmark reiterated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. Finally, Northcoast Research lowered shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. One research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $93.50.

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.