IPG Photonics Co. (NASDAQ:IPGP) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lessened its stake in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 50.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,542 shares of the semiconductor company's stock after selling 4,665 shares during the period. Guggenheim Capital LLC's holdings in IPG Photonics were worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in IPG Photonics by 56.7% in the 4th quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company's stock valued at $69,000 after purchasing an additional 345 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in IPG Photonics by 355.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company's stock valued at $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% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock worth $77,000 after acquiring an additional 876 shares during the last quarter. Headlands Technologies LLC purchased a new stake in IPG Photonics in the fourth quarter valued at $87,000. Finally, KBC Group NV lifted its stake in shares of IPG Photonics by 48.5% in the 4th quarter. KBC Group NV now owns 1,613 shares of the semiconductor company's stock valued at $117,000 after purchasing an additional 527 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company's stock.

IPG Photonics Price Performance

Shares of NASDAQ IPGP traded up $1.84 during midday trading on Friday, hitting $63.64. The company's stock had a trading volume of 33,539 shares, compared to its average volume of 278,365. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of -15.27 and a beta of 0.97. The business's fifty day simple moving average is $59.10 and its two-hundred day simple moving average is $69.21. IPG Photonics Co. has a 1 year low of $48.59 and a 1 year high of $92.21.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). IPG Photonics had a negative net margin of 18.58% and a positive return on equity of 2.98%. Analysts anticipate that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

Analysts Set New Price Targets

IPGP has been the topic of several research analyst reports. 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. Citigroup decreased their price objective on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a report on Tuesday, February 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of IPG Photonics in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus set a $72.00 target price on IPG Photonics in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target 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.