IPG Photonics Co. (NASDAQ:IPGP) Position Lessened by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its stake in shares of IPG Photonics Co. (NASDAQ:IPGP) by 26.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,110 shares of the semiconductor company’s stock after selling 4,000 shares during the quarter. Janus Henderson Group PLC’s holdings in IPG Photonics were worth $826,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Innealta Capital LLC acquired a new position in IPG Photonics during the 2nd quarter valued at about $85,000. KBC Group NV raised its holdings in shares of IPG Photonics by 50.6% during the third quarter. KBC Group NV now owns 1,086 shares of the semiconductor company’s stock valued at $81,000 after buying an additional 365 shares during the last quarter. Assetmark Inc. boosted its position in shares of IPG Photonics by 28.3% during the third 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 period. FMR LLC grew its holdings in IPG Photonics by 10.4% in the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock worth $120,000 after buying an additional 153 shares in the last quarter. Finally, Covestor Ltd increased its position in IPG Photonics by 7.7% in the 3rd quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company’s stock valued at $139,000 after acquiring an additional 133 shares during the period. 93.79% of the stock is owned by institutional investors and hedge funds.

IPG Photonics Trading Down 0.6 %

Shares of IPG Photonics stock opened at $77.63 on Friday. IPG Photonics Co. has a 52 week low of $61.86 and a 52 week high of $111.11. The stock has a market cap of $3.36 billion, a PE ratio of -22.37 and a beta of 0.96. The company’s 50-day moving average price is $77.56 and its two-hundred day moving average price is $77.30.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $233.14 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 22.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 EPS. On average, equities analysts predict that IPG Photonics Co. will post 1.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IPGP shares. Northcoast Research cut IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Benchmark restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, IPG Photonics has an average rating of “Hold” and a consensus 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.