Robecosam AG raised its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP) by 3.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 232,800 shares of the semiconductor company’s stock after buying an additional 7,000 shares during the period. IPG Photonics makes up approximately 1.3% of Robecosam AG’s holdings, making the stock its 21st largest holding. Robecosam AG’s holdings in IPG Photonics were worth $30,923,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in shares of IPG Photonics during the third quarter worth $50,000. TRUE Private Wealth Advisors acquired a new stake in shares of IPG Photonics during the second quarter worth $38,000. Griffin Asset Management Inc. acquired a new stake in shares of IPG Photonics during the second quarter worth $42,000. Meeder Asset Management Inc. lifted its holdings in shares of IPG Photonics by 222.1% during the third quarter. Meeder Asset Management Inc. now owns 277 shares of the semiconductor company’s stock worth $38,000 after buying an additional 191 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of IPG Photonics by 322.5% during the second quarter. Signaturefd LLC now owns 507 shares of the semiconductor company’s stock worth $78,000 after buying an additional 387 shares in the last quarter. 64.22% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on the company. Canaccord Genuity set a $150.00 target price on IPG Photonics and gave the stock a “hold” rating in a report on Wednesday, July 31st. Zacks Investment Research raised IPG Photonics from a “sell” rating to a “hold” rating and set a $115.00 target price for the company in a report on Tuesday, October 1st. Susquehanna Bancshares set a $127.00 target price on IPG Photonics and gave the stock a “hold” rating in a report on Wednesday, July 31st. BidaskClub raised IPG Photonics from a “sell” rating to a “hold” rating in a report on Saturday, September 7th. Finally, ValuEngine raised IPG Photonics from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $163.33.
IPGP opened at $134.76 on Friday. The company has a market capitalization of $7.18 billion, a P/E ratio of 18.26, a P/E/G ratio of 3.84 and a beta of 2.18. The stock has a fifty day moving average of $133.09 and a 200-day moving average of $140.70. IPG Photonics Co. has a fifty-two week low of $104.64 and a fifty-two week high of $182.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.47 and a current ratio of 8.38.
IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $1.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.41 by ($0.07). The company had revenue of $363.80 million during the quarter, compared to analyst estimates of $352.31 million. IPG Photonics had a net margin of 22.23% and a return on equity of 13.68%. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period last year, the firm earned $2.21 EPS. On average, equities research analysts predict that IPG Photonics Co. will post 4.78 earnings per share for the current fiscal year.
IPG Photonics Profile
IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.
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