Royce & Associates LP Has $14.02 Million Stock Holdings in IPG Photonics Co. (NASDAQ:IPGP)

Royce & Associates LP boosted its stake in IPG Photonics Co. (NASDAQ:IPGP) by 17.5% in the fourth quarter, HoldingsChannel reports. The firm owned 192,740 shares of the semiconductor company’s stock after buying an additional 28,712 shares during the period. Royce & Associates LP’s holdings in IPG Photonics were worth $14,016,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Versant Capital Management Inc lifted its stake in shares of IPG Photonics by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 345 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of IPG Photonics by 355.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company’s stock valued at $76,000 after buying an additional 818 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of IPG Photonics by 463.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company’s stock valued at $77,000 after buying an additional 876 shares in the last quarter. KBC Group NV lifted its stake in shares of IPG Photonics by 50.6% in the third quarter. KBC Group NV now owns 1,086 shares of the semiconductor company’s stock valued at $81,000 after buying an additional 365 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in shares of IPG Photonics by 28.3% in the third quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company’s stock valued at $99,000 after buying an additional 295 shares in the last quarter. 93.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

IPGP has been the topic of a number of recent research reports. Citigroup dropped their price objective on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a research note on Tuesday, February 18th. Stifel Nicolaus dropped their price target on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th. Finally, Northcoast Research lowered shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, IPG Photonics currently has a consensus rating of “Hold” and an average price target of $87.75.

IPG Photonics Stock Performance

Shares of IPGP stock opened at $63.32 on Tuesday. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of -15.15 and a beta of 1.04. IPG Photonics Co. has a 52 week low of $56.71 and a 52 week high of $92.21. The firm’s 50-day simple moving average is $67.33 and its two-hundred day simple moving average is $72.04.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. Analysts forecast that IPG Photonics Co. will post 1.54 earnings per share for the current year.

About IPG Photonics

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.