Princeton Capital Management LLC Cuts Stock Holdings in IPG Photonics Co. (NASDAQ:IPGP)

Princeton Capital Management LLC reduced its position in IPG Photonics Co. (NASDAQ:IPGP) by 37.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,294 shares of the semiconductor company’s stock after selling 1,956 shares during the period. Princeton Capital Management LLC’s holdings in IPG Photonics were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in IPGP. Versant Capital Management Inc increased its holdings in 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 increased its stake in shares of IPG Photonics by 355.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 818 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in shares of IPG Photonics by 463.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 876 shares in the last quarter. KBC Group NV raised its holdings in IPG Photonics by 48.5% in the 4th quarter. KBC Group NV now owns 1,613 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 527 shares during the period. Finally, FMR LLC boosted its position in IPG Photonics by 10.4% during the third quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 153 shares in the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IPGP shares. CL King upgraded IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Tuesday, March 18th. Citigroup cut their price target 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. Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a report on Wednesday, February 12th. Northcoast Research lowered shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus reduced their price target on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, IPG Photonics presently has a consensus rating of “Hold” and an average price target of $85.40.

IPG Photonics Stock Up 5.6 %

Shares of IPGP opened at $67.62 on Tuesday. IPG Photonics Co. has a 52-week low of $56.71 and a 52-week high of $92.21. The stock has a market cap of $2.88 billion, a PE ratio of -16.18 and a beta of 1.04. The firm’s fifty day moving average is $66.58 and its two-hundred day moving average is $72.01.

IPG Photonics (NASDAQ:IPGP) last posted 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 positive return on equity of 2.98% and a negative net margin of 18.58%. As a group, research analysts anticipate that IPG Photonics Co. will post 1.54 earnings per share for the current year.

IPG Photonics Company 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.