Robeco Schweiz AG Has $4.55 Million Position in IPG Photonics Corporation (NASDAQ:IPGP)

Robeco Schweiz AG decreased its position in shares of IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 64.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,994 shares of the semiconductor company's stock after selling 130,000 shares during the quarter. Robeco Schweiz AG owned about 0.17% of IPG Photonics worth $4,546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC boosted its stake in IPG Photonics by 5.7% during the 4th quarter. Cerity Partners LLC now owns 3,030 shares of the semiconductor company's stock worth $222,000 after acquiring an additional 163 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in IPG Photonics by 4.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,274 shares of the semiconductor company's stock valued at $311,000 after buying an additional 194 shares in the last quarter. Xponance Inc. lifted its stake in IPG Photonics by 7.6% in the fourth quarter. Xponance Inc. now owns 3,201 shares of the semiconductor company's stock valued at $233,000 after buying an additional 226 shares in the last quarter. UMB Bank n.a. lifted its stake in IPG Photonics by 107.5% in the first quarter. UMB Bank n.a. now owns 635 shares of the semiconductor company's stock valued at $40,000 after buying an additional 329 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in IPG Photonics by 11.6% in the fourth quarter. Bank of Montreal Can now owns 3,219 shares of the semiconductor company's stock valued at $234,000 after buying an additional 335 shares in the last quarter. Institutional investors own 93.79% of the company's stock.

Wall Street Analysts Forecast Growth

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

IPG Photonics Trading Down 1.2%

Shares of NASDAQ IPGP traded down $0.89 during midday trading on Friday, reaching $74.15. The company's stock had a trading volume of 168,529 shares, compared to its average volume of 292,735. IPG Photonics Corporation has a fifty-two week low of $48.59 and a fifty-two week high of $92.21. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of -16.08, a PEG ratio of 12.09 and a beta of 0.90. The stock has a 50 day simple moving average of $67.29 and a 200-day simple moving average of $65.56.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.10. IPG Photonics had a negative net margin of 21.18% and a positive return on equity of 2.56%. The firm had revenue of $227.79 million for the quarter, compared to analyst estimates of $227.00 million. During the same period in the prior year, the firm posted $0.52 earnings per share. The company's quarterly revenue was down 9.6% compared to the same quarter last year. As a group, equities analysts anticipate that IPG Photonics Corporation will post 1.54 EPS for the current year.

IPG Photonics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.78%.

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.