KBC Group NV Has $117,000 Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

KBC Group NV grew its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 48.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,613 shares of the semiconductor company’s stock after buying an additional 527 shares during the period. KBC Group NV’s holdings in IPG Photonics were worth $117,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in shares of IPG Photonics by 37.2% in the 3rd quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company’s stock valued at $49,871,000 after buying an additional 181,844 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in IPG Photonics by 5.9% in 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. Chartwell Investment Partners LLC raised its holdings in IPG Photonics by 135.4% during the 3rd quarter. Chartwell Investment Partners LLC now owns 79,363 shares of the semiconductor company’s stock worth $5,899,000 after purchasing an additional 45,645 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its position 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 worth $39,749,000 after acquiring an additional 43,874 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of 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. Institutional investors and hedge funds own 93.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on IPGP. Benchmark reaffirmed a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. Finally, Needham & Company LLC reissued 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 assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $93.50.

IPG Photonics Price Performance

NASDAQ:IPGP opened at $68.91 on Friday. The company has a market capitalization of $2.98 billion, a P/E ratio of -19.86 and a beta of 0.95. IPG Photonics Co. has a 1 year low of $61.86 and a 1 year high of $104.19. The business has a fifty day simple moving average of $74.69 and a two-hundred day simple moving average of $74.19.

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.