UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 10.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,725 shares of the semiconductor company's stock after purchasing an additional 8,041 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of IPG Photonics worth $6,307,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in IPG Photonics by 14.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,352,246 shares of the semiconductor company's stock worth $98,335,000 after purchasing an additional 173,584 shares in the last quarter. Lazard Asset Management LLC lifted its position in IPG Photonics by 0.9% during the fourth quarter. Lazard Asset Management LLC now owns 1,069,193 shares of the semiconductor company's stock worth $77,751,000 after buying an additional 9,852 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in IPG Photonics by 2.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 999,649 shares of the semiconductor company's stock valued at $72,694,000 after buying an additional 28,606 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of IPG Photonics by 34.0% in the 4th quarter. Baillie Gifford & Co. now owns 375,546 shares of the semiconductor company's stock worth $27,310,000 after acquiring an additional 95,199 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of IPG Photonics by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,620 shares of the semiconductor company's stock worth $26,879,000 after acquiring an additional 19,307 shares during the period. 93.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IPGP has been the subject of several recent analyst reports. Citigroup cut their price objective on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a research report on Tuesday, February 18th. Wall Street Zen raised IPG Photonics from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Raymond James lowered their target price on shares of IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating for the company in a research note on Wednesday, May 7th. 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. Finally, Needham & Company LLC restated a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, four have issued 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.com, the stock has an average rating of "Hold" and a consensus price target of $69.50.

IPG Photonics Trading Up 0.7%

NASDAQ:IPGP traded up $0.48 on Thursday, reaching $68.71. The stock had a trading volume of 113,606 shares, compared to its average volume of 292,866. The stock has a market cap of $2.92 billion, a P/E ratio of -16.39 and a beta of 0.92. IPG Photonics Co. has a 12-month low of $48.59 and a 12-month high of $92.21. The company has a 50-day moving average of $60.02 and a 200 day moving average of $66.85.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.10. The firm 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%. The company's revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 earnings per share. On average, equities analysts predict that IPG Photonics Co. will post 1.54 EPS for the current year.

IPG Photonics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.92%.

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.