IPG Photonics Co. (NASDAQ:IPGP) Shares Sold by Deutsche Bank AG

Deutsche Bank AG reduced its position in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 87.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,253 shares of the semiconductor company's stock after selling 51,742 shares during the quarter. Deutsche Bank AG's holdings in IPG Photonics were worth $527,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of IPGP. Venturi Wealth Management LLC increased its holdings in IPG Photonics by 355.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company's stock worth $76,000 after acquiring an additional 818 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in IPG Photonics by 463.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock valued at $77,000 after acquiring an additional 876 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of IPG Photonics during the fourth quarter worth approximately $87,000. KBC Group NV boosted its position in IPG Photonics by 48.5% during the fourth quarter. KBC Group NV now owns 1,613 shares of the semiconductor company's stock valued at $117,000 after buying an additional 527 shares during the period. Finally, Sterling Capital Management LLC grew its position in IPG Photonics by 52.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,656 shares of the semiconductor company's stock worth $120,000 after acquiring an additional 572 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company's stock.

IPG Photonics Price Performance

IPG Photonics stock traded up $1.00 during mid-day trading on Tuesday, reaching $67.46. 18,918 shares of the company traded hands, compared to its average volume of 292,125. The firm's fifty day moving average is $59.89 and its two-hundred day moving average is $66.82. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of -16.14 and a beta of 0.92. IPG Photonics Co. has a fifty-two week low of $48.59 and a fifty-two week high of $92.21.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.10. The company had revenue of $227.79 million during the quarter, compared to analysts' expectations of $227.00 million. IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. IPG Photonics's quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. As a group, equities research analysts predict that IPG Photonics Co. will post 1.54 earnings per share for the current year.

IPG Photonics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.96%.

Wall Street Analyst Weigh In

IPGP has been the topic of several research analyst reports. Stifel Nicolaus set a $72.00 target price on IPG Photonics in a research note on Monday, April 28th. CL King raised IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 target price on the stock in a research note on Tuesday, March 18th. Wall Street Zen raised IPG Photonics from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Needham & Company LLC reiterated a "hold" rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Finally, Raymond James lowered their target price on IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating on the stock in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, IPG Photonics presently has an average rating of "Hold" and a consensus price target of $69.50.

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.