IPG Photonics Co. (NASDAQ:IPGP) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in IPG Photonics Co. (NASDAQ:IPGP) by 57.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,341 shares of the semiconductor company’s stock after acquiring an additional 4,136 shares during the quarter. Victory Capital Management Inc.’s holdings in IPG Photonics were worth $825,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of IPGP. Charles Schwab Investment Management Inc. boosted its stake in shares of IPG Photonics by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,620 shares of the semiconductor company’s stock valued at $26,879,000 after buying an additional 19,307 shares during the period. SRS Capital Advisors Inc. boosted 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 buying an additional 876 shares during the period. Fisher Asset Management LLC boosted its stake in shares of IPG Photonics by 30.1% in the 4th quarter. Fisher Asset Management LLC now owns 249,830 shares of the semiconductor company’s stock valued at $18,168,000 after buying an additional 57,780 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of IPG Photonics in the 4th quarter valued at about $244,000. Finally, Waterfront Wealth Inc. boosted its stake in shares of IPG Photonics by 1.6% in the 4th quarter. Waterfront Wealth Inc. now owns 12,310 shares of the semiconductor company’s stock valued at $895,000 after buying an additional 190 shares during the period. 93.79% of the stock is owned by institutional investors and hedge funds.

IPG Photonics Price Performance

NASDAQ IPGP opened at $65.35 on Friday. The firm has a market capitalization of $2.78 billion, a P/E ratio of -15.63 and a beta of 1.04. IPG Photonics Co. has a 1-year low of $56.71 and a 1-year high of $92.21. The business’s 50-day simple moving average is $66.83 and its 200-day simple moving average is $71.94.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results 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 negative net margin of 18.58% and a positive return on equity of 2.98%. On average, equities research analysts expect that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

Analyst Ratings Changes

IPGP has been the subject of several recent research reports. Citigroup decreased their price objective on IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a research note on Tuesday, February 18th. 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 note on Tuesday. Northcoast Research downgraded IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. Stifel Nicolaus lowered their price target on IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $85.40.

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.