Rice Hall James & Associates LLC Decreases Holdings in IPG Photonics Co. (NASDAQ:IPGP)

Rice Hall James & Associates LLC trimmed its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP) by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,419 shares of the semiconductor company’s stock after selling 949 shares during the period. Rice Hall James & Associates LLC owned 0.07% of IPG Photonics worth $2,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in IPG Photonics by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock worth $69,000 after buying an additional 345 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in IPG Photonics by 355.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company’s stock worth $76,000 after buying an additional 818 shares during the last quarter. KBC Group NV lifted 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 buying an additional 365 shares during the last quarter. Assetmark Inc. lifted its holdings in IPG Photonics by 28.3% during the 3rd quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company’s stock worth $99,000 after buying an additional 295 shares during the last quarter. Finally, FMR LLC lifted its holdings 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 during the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

IPG Photonics Stock Up 0.7 %

IPGP opened at $63.98 on Wednesday. The business has a 50 day moving average price of $72.87 and a two-hundred day moving average price of $73.03. The company has a market cap of $2.77 billion, a PE ratio of -18.44 and a beta of 0.95. IPG Photonics Co. has a 52 week low of $60.72 and a 52 week high of $92.21.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. As a group, sell-side analysts expect that IPG Photonics Co. will post 1.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Northcoast Research downgraded IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. Benchmark reissued a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a report on Wednesday, February 12th. Citigroup reduced their target price on IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday. Finally, Stifel Nicolaus reduced 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. 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $87.75.

IPG Photonics Company 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.