BlackRock Inc. decreased its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,477,968 shares of the semiconductor company’s stock after selling 151,387 shares during the period. BlackRock Inc.’s holdings in IPG Photonics were worth $280,728,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IPGP. Ipswich Investment Management Co. Inc. bought a new position in IPG Photonics during the 4th quarter worth $44,000. ETF Managers Group LLC increased its position in shares of IPG Photonics by 15.7% in the fourth quarter. ETF Managers Group LLC now owns 553 shares of the semiconductor company’s stock worth $63,000 after purchasing an additional 75 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of IPG Photonics by 205.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 638 shares of the semiconductor company’s stock worth $100,000 after purchasing an additional 429 shares during the period. Rehmann Capital Advisory Group increased its position in shares of IPG Photonics by 15,080.9% in the third quarter. Rehmann Capital Advisory Group now owns 16,699 shares of the semiconductor company’s stock worth $107,000 after purchasing an additional 16,589 shares during the period. Finally, Thornburg Investment Management Inc. bought a new position in shares of IPG Photonics in the fourth quarter worth $135,000. Hedge funds and other institutional investors own 65.44% of the company’s stock.

A number of research analysts recently commented on the company. BidaskClub upgraded IPG Photonics from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th. Zacks Investment Research cut IPG Photonics from a “hold” rating to a “strong sell” rating in a research report on Friday, February 15th. Northcoast Research cut IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 13th. Susquehanna Bancshares set a $146.00 price target on IPG Photonics and gave the stock a “hold” rating in a research report on Thursday, February 14th. Finally, ValuEngine upgraded IPG Photonics from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $190.91.

NASDAQ:IPGP opened at $149.51 on Friday. The stock has a market capitalization of $8.05 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 3.08 and a beta of 1.85. The company has a current ratio of 7.35, a quick ratio of 5.70 and a debt-to-equity ratio of 0.02. IPG Photonics Co. has a twelve month low of $104.64 and a twelve month high of $261.77.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, February 12th. The semiconductor company reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.03). The business had revenue of $330.10 million during the quarter, compared to analyst estimates of $314.91 million. IPG Photonics had a net margin of 27.67% and a return on equity of 18.66%. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the business earned $1.86 earnings per share. Equities analysts predict that IPG Photonics Co. will post 6.27 EPS for the current fiscal year.

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About IPG Photonics

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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Institutional Ownership by Quarter for IPG Photonics (NASDAQ:IPGP)

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