IPG Photonics Co. (NASDAQ:IPGP) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its position in IPG Photonics Co. (NASDAQ:IPGP) by 355.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,048 shares of the semiconductor company’s stock after acquiring an additional 818 shares during the quarter. Venturi Wealth Management LLC’s holdings in IPG Photonics were worth $76,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its position in 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 valued at $72,694,000 after purchasing an additional 28,606 shares during the period. Pacer Advisors Inc. increased its holdings in IPG Photonics by 37.2% in the third quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company’s stock valued at $49,871,000 after buying an additional 181,844 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in 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 valued at $39,749,000 after buying an additional 43,874 shares in the last quarter. Baillie Gifford & Co. increased its holdings in IPG Photonics by 34.0% in the fourth quarter. Baillie Gifford & Co. now owns 375,546 shares of the semiconductor company’s stock valued at $27,310,000 after buying an additional 95,199 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in IPG Photonics by 4.3% in the third quarter. Fisher Asset Management LLC now owns 192,050 shares of the semiconductor company’s stock valued at $14,273,000 after buying an additional 7,911 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Stock Down 0.4 %

Shares of IPGP opened at $62.89 on Tuesday. The firm has a market cap of $2.72 billion, a PE ratio of -15.05 and a beta of 0.95. The company’s fifty day moving average is $71.46 and its two-hundred day moving average is $72.89. IPG Photonics Co. has a fifty-two week low of $60.72 and a fifty-two week high of $92.21.

IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). IPG Photonics had a negative net margin of 18.58% and a positive return on equity of 2.98%. As a group, equities research analysts anticipate that IPG Photonics Co. will post 1.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Citigroup dropped their price objective 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. Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Stifel Nicolaus decreased their target price 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. Finally, Benchmark restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $87.75.

IPG Photonics 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.