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

Robeco Schweiz AG cut its holdings in IPG Photonics Co. (NASDAQ:IPGP) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 201,994 shares of the semiconductor company’s stock after selling 9,800 shares during the quarter. Robeco Schweiz AG’s holdings in IPG Photonics were worth $14,689,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in IPGP. Versant Capital Management Inc increased its position in IPG Photonics by 56.7% in the 4th quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 345 shares during the period. Venturi Wealth Management LLC grew its stake in shares of IPG Photonics by 355.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 818 shares during the last quarter. KBC Group NV grew its stake in shares of IPG Photonics by 50.6% in the 3rd quarter. KBC Group NV now owns 1,086 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 365 shares during the last quarter. Assetmark Inc. increased its holdings in shares of IPG Photonics by 28.3% in the third quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company’s stock valued at $99,000 after purchasing an additional 295 shares during the period. Finally, FMR LLC raised its stake in shares of IPG Photonics by 10.4% during the third quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock worth $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.

Analyst Ratings Changes

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

IPG Photonics Stock Down 1.4 %

Shares of IPGP opened at $59.58 on Thursday. IPG Photonics Co. has a 52-week low of $59.47 and a 52-week high of $92.21. The company has a 50-day simple moving average of $70.85 and a 200-day simple moving average of $72.75. 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 issued its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share (EPS) 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%. On average, research analysts anticipate that IPG Photonics Co. will post 1.54 EPS for the current 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.