Robeco Schweiz AG Reduces Holdings in IPG Photonics Corporation (NASDAQ:IPGP)

Robeco Schweiz AG decreased its holdings in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 64.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in IPGP. UMB Bank n.a. grew 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 worth $40,000 after purchasing an additional 329 shares during the period. Headlands Technologies LLC purchased a new stake in shares of IPG Photonics in the 4th quarter worth about $87,000. Versant Capital Management Inc increased its stake in shares of IPG Photonics by 90.7% in the 1st quarter. Versant Capital Management Inc now owns 1,819 shares of the semiconductor company's stock worth $115,000 after acquiring an additional 865 shares in the last quarter. Sterling Capital Management LLC lifted 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 valued at $120,000 after acquiring an additional 572 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in IPG Photonics during the fourth quarter worth about $134,000. Institutional investors own 93.79% of the company's stock.

IPG Photonics Stock Up 0.1%

Shares of IPG Photonics stock traded up $0.06 on Monday, reaching $74.21. The company's stock had a trading volume of 180,644 shares, compared to its average volume of 316,097. IPG Photonics Corporation has a 52 week low of $48.59 and a 52 week high of $92.21. The firm's fifty day simple moving average is $67.29 and its two-hundred day simple moving average is $65.41. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of -16.10, a P/E/G ratio of 11.95 and a beta of 0.90.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its 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 business had revenue of $227.79 million during the quarter, compared to analyst estimates of $227.00 million. IPG Photonics had a positive return on equity of 2.56% and a negative net margin of 21.18%. IPG Photonics's revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 EPS. As a group, research analysts predict that IPG Photonics Corporation will post 1.54 EPS for the current year.

IPG Photonics Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have weighed in on IPGP. 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 reduced their price objective on IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating for the company in a research report on Wednesday, May 7th. Stifel Nicolaus set a $72.00 price objective on IPG Photonics in a research note on Monday, April 28th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $69.50.

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.