IPG Photonics Co. (NASDAQ:IPGP) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG lowered its holdings in IPG Photonics Co. (NASDAQ:IPGP) by 4.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 201,994 shares of the semiconductor company’s stock after selling 9,800 shares during the period. Robeco Schweiz AG owned approximately 0.47% of IPG Photonics worth $14,689,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Jane Street Group LLC boosted its position in IPG Photonics by 100.4% in the 3rd quarter. Jane Street Group LLC now owns 21,771 shares of the semiconductor company’s stock valued at $1,618,000 after buying an additional 10,906 shares during the period. Barclays PLC boosted its holdings in IPG Photonics by 42.5% in the third quarter. Barclays PLC now owns 38,787 shares of the semiconductor company’s stock valued at $2,883,000 after purchasing an additional 11,562 shares during the period. Disciplined Growth Investors Inc. MN grew its stake in IPG Photonics by 8.9% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock worth $39,749,000 after purchasing an additional 43,874 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in IPG Photonics by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 151,142 shares of the semiconductor company’s stock worth $11,233,000 after purchasing an additional 28,003 shares during the period. Finally, Quantbot Technologies LP raised its position in IPG Photonics by 57.7% in the 3rd quarter. Quantbot Technologies LP now owns 23,253 shares of the semiconductor company’s stock valued at $1,728,000 after purchasing an additional 8,507 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on IPGP shares. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th. Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. Citigroup reduced their price objective on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, February 18th. Benchmark reaffirmed a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus dropped their target price on IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $87.75.

IPG Photonics Trading Down 1.4 %

Shares of NASDAQ:IPGP opened at $59.58 on Thursday. The firm has a 50 day simple moving average of $70.85 and a 200-day simple moving average of $72.75. IPG Photonics Co. has a twelve month low of $59.47 and a twelve month high of $92.21. The company has a market capitalization of $2.54 billion, a PE ratio of -14.25 and a beta of 0.95.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share 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%. As a group, equities research analysts predict that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

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.