Fisher Asset Management LLC Raises Stock Holdings in IPG Photonics Co. (NASDAQ:IPGP)

Fisher Asset Management LLC lifted its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP) by 30.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 249,830 shares of the semiconductor company’s stock after acquiring an additional 57,780 shares during the quarter. Fisher Asset Management LLC owned 0.58% of IPG Photonics worth $18,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jane Street Group LLC increased its position in IPG Photonics by 100.4% in the third quarter. Jane Street Group LLC now owns 21,771 shares of the semiconductor company’s stock worth $1,618,000 after buying an additional 10,906 shares during the last quarter. Barclays PLC increased its position in IPG Photonics by 42.5% in the third quarter. Barclays PLC now owns 38,787 shares of the semiconductor company’s stock worth $2,883,000 after buying an additional 11,562 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its position in IPG Photonics by 8.9% in the third quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock worth $39,749,000 after buying an additional 43,874 shares during the last quarter. JPMorgan Chase & Co. increased its position in IPG Photonics by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 151,142 shares of the semiconductor company’s stock worth $11,233,000 after buying an additional 28,003 shares during the last quarter. Finally, Quantbot Technologies LP increased its position in IPG Photonics by 57.7% in the third quarter. Quantbot Technologies LP now owns 23,253 shares of the semiconductor company’s stock worth $1,728,000 after buying an additional 8,507 shares during the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Northcoast Research downgraded IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Citigroup decreased their target price on IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a research report on Tuesday, February 18th. Stifel Nicolaus decreased their target price on IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company 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, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.75.

IPG Photonics Price Performance

IPG Photonics stock opened at $58.27 on Tuesday. IPG Photonics Co. has a one year low of $56.71 and a one year high of $92.21. The business has a fifty day moving average price of $70.20 and a 200-day moving average price of $72.68. The firm has a market capitalization of $2.48 billion, a P/E ratio of -13.94 and a beta of 0.95.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates 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%. Sell-side analysts expect that IPG Photonics Co. will post 1.54 earnings per share for the current fiscal year.

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.