Steward Partners Investment Advisory LLC Has $37,000 Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

Steward Partners Investment Advisory LLC decreased its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 89.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 502 shares of the semiconductor company’s stock after selling 4,368 shares during the period. Steward Partners Investment Advisory LLC’s holdings in IPG Photonics were worth $37,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of IPGP. Versant Capital Management Inc lifted its position in shares of IPG Photonics by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock worth $69,000 after buying an additional 345 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of IPG Photonics by 355.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company’s stock worth $76,000 after buying an additional 818 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in shares of IPG Photonics by 463.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company’s stock worth $77,000 after buying an additional 876 shares during the last quarter. KBC Group NV lifted its position in shares of IPG Photonics by 50.6% in the third quarter. KBC Group NV now owns 1,086 shares of the semiconductor company’s stock worth $81,000 after buying an additional 365 shares during the last quarter. Finally, FMR LLC lifted its position in shares of IPG Photonics by 10.4% in the third quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock worth $120,000 after buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Stock Up 4.4 %

IPG Photonics stock opened at $66.10 on Wednesday. The business has a 50 day moving average price of $67.16 and a two-hundred day moving average price of $72.03. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -15.81 and a beta of 1.04. IPG Photonics Co. has a 12 month low of $56.71 and a 12 month high of $92.21.

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

Analysts Set New Price Targets

IPGP has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price target on IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. CL King upgraded IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Tuesday. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Citigroup dropped 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. Finally, Northcoast Research lowered IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. 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 assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $85.40.

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.