Orion Portfolio Solutions LLC Sells 597 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Orion Portfolio Solutions LLC reduced its position in IPG Photonics Co. (NASDAQ:IPGP) by 8.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,152 shares of the semiconductor company’s stock after selling 597 shares during the period. Orion Portfolio Solutions LLC’s holdings in IPG Photonics were worth $447,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Beaumont Financial Advisors LLC lifted its position in IPG Photonics by 4.2% during the fourth quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company’s stock worth $248,000 after acquiring an additional 139 shares during the last quarter. FMR LLC lifted its stake 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 during the last quarter. Waterfront Wealth Inc. boosted its stake in IPG Photonics by 1.6% in the fourth 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 in the last quarter. Xponance Inc. boosted its stake in shares of IPG Photonics by 7.6% in the 4th quarter. Xponance Inc. now owns 3,201 shares of the semiconductor company’s stock valued at $233,000 after purchasing an additional 226 shares in the last quarter. Finally, Calamos Wealth Management LLC boosted its position in IPG Photonics by 4.0% in the fourth quarter. Calamos Wealth Management LLC now owns 6,237 shares of the semiconductor company’s stock valued at $454,000 after buying an additional 237 shares in the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IPGP has been the topic of a number of recent research reports. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. CL King upgraded shares of IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Tuesday, March 18th. Stifel Nicolaus cut their price target on IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, Citigroup reduced their target price 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $85.40.

IPG Photonics Trading Down 4.5 %

NASDAQ IPGP opened at $49.68 on Wednesday. IPG Photonics Co. has a 12 month low of $48.88 and a 12 month high of $92.21. The firm has a market capitalization of $2.11 billion, a P/E ratio of -11.89 and a beta of 0.97. The business has a fifty day simple moving average of $63.07 and a 200 day simple moving average of $71.38.

IPG Photonics (NASDAQ:IPGP) last released its 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%. As a group, sell-side analysts predict that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

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.