IPG Photonics Co. (NASDAQ:IPGP) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of IPG Photonics Co. (NASDAQ:IPGP) by 4.4% in the 4th quarter, HoldingsChannel reports. The firm owned 14,164 shares of the semiconductor company’s stock after selling 657 shares during the quarter. Mutual of America Capital Management LLC’s holdings in IPG Photonics were worth $1,030,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IPGP. Sumitomo Mitsui Trust Group Inc. increased its position in IPG Photonics by 2.9% during 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 in the last quarter. Pacer Advisors Inc. increased its position in IPG Photonics by 37.2% during the 3rd quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company’s stock worth $49,871,000 after purchasing an additional 181,844 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its stake in IPG Photonics by 8.9% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock valued at $39,749,000 after purchasing an additional 43,874 shares during the last quarter. Baillie Gifford & Co. raised its stake in IPG Photonics by 34.0% in the 4th quarter. Baillie Gifford & Co. now owns 375,546 shares of the semiconductor company’s stock valued at $27,310,000 after purchasing an additional 95,199 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in IPG Photonics by 4.3% in the 3rd quarter. Fisher Asset Management LLC now owns 192,050 shares of the semiconductor company’s stock valued at $14,273,000 after purchasing an additional 7,911 shares in the last quarter. Hedge funds and other institutional investors own 93.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on IPGP. Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. Citigroup reduced their price objective on 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 objective 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. One investment 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’s stock. According to MarketBeat.com, IPG Photonics presently has a consensus rating of “Hold” and a consensus target price of $87.75.

IPG Photonics Trading Up 0.7 %

IPGP opened at $63.04 on Monday. IPG Photonics Co. has a twelve month low of $56.71 and a twelve month high of $92.21. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of -15.08 and a beta of 1.04. The company has a fifty day simple moving average of $68.81 and a 200 day simple moving average of $72.42.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, analysts forecast that IPG Photonics Co. will post 1.54 earnings per share for the current fiscal year.

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.