LHM Inc. raised its holdings in IPG Photonics Co. (NASDAQ:IPGP – Free Report) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,769 shares of the semiconductor company’s stock after acquiring an additional 2,700 shares during the quarter. IPG Photonics comprises approximately 1.4% of LHM Inc.’s holdings, making the stock its 18th largest position. LHM Inc. owned about 0.14% of IPG Photonics worth $4,274,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of IPG Photonics by 2.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 999,649 shares of the semiconductor company’s stock worth $72,694,000 after buying an additional 28,606 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of IPG Photonics by 37.2% in the third quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company’s stock worth $49,871,000 after buying an additional 181,844 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in shares of IPG Photonics by 8.9% in the third quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock worth $39,749,000 after buying an additional 43,874 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of IPG Photonics by 34.0% in the fourth quarter. Baillie Gifford & Co. now owns 375,546 shares of the semiconductor company’s stock worth $27,310,000 after buying an additional 95,199 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of IPG Photonics by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 369,620 shares of the semiconductor company’s stock worth $26,879,000 after buying an additional 19,307 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.
IPG Photonics Price Performance
Shares of IPG Photonics stock opened at $63.42 on Thursday. The firm has a market capitalization of $2.70 billion, a PE ratio of -15.17 and a beta of 0.95. The company’s fifty day moving average price is $69.55 and its two-hundred day moving average price is $72.56. IPG Photonics Co. has a 52-week low of $56.71 and a 52-week high of $92.21.
Wall Street Analyst Weigh In
Several equities analysts recently commented on IPGP shares. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Stifel Nicolaus cut their target price on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. Finally, Citigroup cut their target price on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $87.75.
View Our Latest Report on IPG Photonics
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.
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