Pacer Advisors Inc. Has $291,000 Holdings in IPG Photonics Co. (NASDAQ:IPGP)

Pacer Advisors Inc. decreased its stake in IPG Photonics Co. (NASDAQ:IPGP) by 99.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,996 shares of the semiconductor company’s stock after selling 667,029 shares during the period. Pacer Advisors Inc.’s holdings in IPG Photonics were worth $291,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IPGP. Sumitomo Mitsui Trust Group Inc. grew its holdings in IPG Photonics by 5.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,043 shares of the semiconductor company’s stock valued at $72,168,000 after purchasing an additional 54,166 shares during the period. Disciplined Growth Investors Inc. MN grew its holdings in shares of IPG Photonics by 8.9% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock valued at $39,749,000 after buying an additional 43,874 shares during the period. Baillie Gifford & Co. grew its holdings in shares of IPG Photonics by 0.4% in the 3rd quarter. Baillie Gifford & Co. now owns 280,347 shares of the semiconductor company’s stock valued at $20,835,000 after buying an additional 1,053 shares during the period. Exchange Traded Concepts LLC raised its stake in IPG Photonics by 18.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 271,061 shares of the semiconductor company’s stock worth $20,145,000 after buying an additional 41,598 shares during the period. Finally, Fisher Asset Management LLC raised its stake in IPG Photonics by 4.3% during the 3rd quarter. Fisher Asset Management LLC now owns 192,050 shares of the semiconductor company’s stock worth $14,273,000 after buying an additional 7,911 shares during the period. Institutional investors own 93.79% of the company’s stock.

Wall Street Analysts Forecast Growth

IPGP has been the subject of several recent analyst reports. Benchmark restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. Northcoast Research downgraded shares of IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $93.50.

IPG Photonics Stock Performance

NASDAQ IPGP opened at $70.93 on Wednesday. IPG Photonics Co. has a 52 week low of $61.86 and a 52 week high of $104.19. The stock’s 50 day moving average price is $74.94 and its two-hundred day moving average price is $74.23. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of -20.44 and a beta of 0.95.

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.