Fuller & Thaler Asset Management Inc. Purchases 630 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Fuller & Thaler Asset Management Inc. grew its stake in IPG Photonics Co. (NASDAQ:IPGP) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,080 shares of the semiconductor company’s stock after acquiring an additional 630 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.05% of IPG Photonics worth $1,606,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IPGP. Versant Capital Management Inc raised its position in shares of 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 purchasing an additional 345 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of IPG Photonics by 355.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company’s stock worth $76,000 after acquiring an additional 818 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in IPG Photonics by 463.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 876 shares in the last quarter. Headlands Technologies LLC acquired a new stake in IPG Photonics in the 4th quarter valued at $87,000. Finally, KBC Group NV grew its position in shares of IPG Photonics by 48.5% in the fourth quarter. KBC Group NV now owns 1,613 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 527 shares during the period. 93.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. CL King raised shares of IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Tuesday, March 18th. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th. Finally, Citigroup dropped their price objective on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $85.40.

IPG Photonics Price Performance

Shares of NASDAQ IPGP opened at $58.15 on Friday. IPG Photonics Co. has a 1 year low of $48.59 and a 1 year high of $92.21. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of -13.91 and a beta of 0.97. The business has a 50-day moving average of $59.41 and a two-hundred day moving average of $69.63.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share 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%. As a group, equities research analysts expect that IPG Photonics Co. will post 1.54 earnings per share for the current year.

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.