Flinton Capital Management LLC trimmed its stake in IPG Photonics Co. (NASDAQ:IPGP) by 56.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,208 shares of the semiconductor company’s stock after selling 5,440 shares during the period. Flinton Capital Management LLC’s holdings in IPG Photonics were worth $477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of IPGP. Mackenzie Financial Corp grew its position in shares of IPG Photonics by 307.3% in the 3rd quarter. Mackenzie Financial Corp now owns 864,514 shares of the semiconductor company’s stock valued at $134,925,000 after buying an additional 652,276 shares during the last quarter. Parnassus Investments CA grew its position in IPG Photonics by 100.0% during the 4th quarter. Parnassus Investments CA now owns 1,000,000 shares of the semiconductor company’s stock worth $113,290,000 after purchasing an additional 500,000 shares during the last quarter. FMR LLC grew its position in IPG Photonics by 77.9% during the 3rd quarter. FMR LLC now owns 743,049 shares of the semiconductor company’s stock worth $115,967,000 after purchasing an additional 325,425 shares during the last quarter. Pictet Asset Management Ltd. grew its position in IPG Photonics by 67.0% during the 3rd quarter. Pictet Asset Management Ltd. now owns 741,301 shares of the semiconductor company’s stock worth $115,695,000 after purchasing an additional 297,295 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in IPG Photonics by 71.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 574,534 shares of the semiconductor company’s stock worth $89,668,000 after purchasing an additional 238,755 shares during the last quarter. 65.44% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on IPGP shares. Zacks Investment Research raised shares of IPG Photonics from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Susquehanna Bancshares set a $146.00 price objective on shares of IPG Photonics and gave the stock a “hold” rating in a research report on Thursday, February 14th. UBS Group started coverage on shares of IPG Photonics in a research report on Friday, November 30th. They set a “neutral” rating on the stock. ValuEngine raised shares of IPG Photonics from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Finally, Needham & Company LLC reissued a “buy” rating and set a $170.00 price objective (up from $157.00) on shares of IPG Photonics in a research report on Wednesday, February 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $190.91.

IPGP stock opened at $149.51 on Friday. IPG Photonics Co. has a one year low of $104.64 and a one year high of $261.77. The firm has a market capitalization of $8.05 billion, a PE ratio of 20.26, a PEG ratio of 3.08 and a beta of 1.85. The company has a quick ratio of 5.70, a current ratio of 7.35 and a debt-to-equity ratio of 0.02.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, February 12th. The semiconductor company reported $1.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.43 by ($0.03). IPG Photonics had a return on equity of 18.66% and a net margin of 27.67%. The firm had revenue of $330.10 million during the quarter, compared to analyst estimates of $314.91 million. During the same quarter last year, the business posted $1.86 EPS. The firm’s revenue was down 8.6% on a year-over-year basis. As a group, research analysts expect that IPG Photonics Co. will post 6.27 EPS for the current year.

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

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