Dimensional Fund Advisors LP Purchases 173,584 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Dimensional Fund Advisors LP increased its stake in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 14.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,352,246 shares of the semiconductor company's stock after buying an additional 173,584 shares during the quarter. Dimensional Fund Advisors LP owned 3.13% of IPG Photonics worth $98,335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Versant Capital Management Inc raised its stake 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 valued at $69,000 after buying an additional 345 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of IPG Photonics by 355.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company's stock valued at $76,000 after buying an additional 818 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in IPG Photonics by 463.5% in the 4th 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 period. Headlands Technologies LLC purchased a new position in IPG Photonics in the 4th quarter valued at approximately $87,000. Finally, KBC Group NV raised its holdings in IPG Photonics by 48.5% during the 4th quarter. KBC Group NV now owns 1,613 shares of the semiconductor company's stock valued at $117,000 after acquiring an additional 527 shares during the period. 93.79% of the stock is owned by hedge funds and other institutional investors.

IPG Photonics Price Performance

IPGP stock traded up $2.40 during mid-day trading on Friday, hitting $64.20. 41,273 shares of the stock were exchanged, compared to its average volume of 278,402. The business has a fifty day moving average price of $59.10 and a 200 day moving average price of $69.21. IPG Photonics Co. has a 12 month low of $48.59 and a 12 month high of $92.21. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of -15.40 and a beta of 0.97.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share 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%. As a group, equities analysts forecast that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. 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, March 18th. Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th. Stifel Nicolaus set a $72.00 price objective on shares of IPG Photonics in a research note on Monday. Finally, Citigroup cut their price target on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $77.00.

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.