Northern Trust Corp lifted its stake in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 17.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 224,959 shares of the semiconductor company's stock after purchasing an additional 33,601 shares during the period. Northern Trust Corp owned about 0.52% of IPG Photonics worth $16,359,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of IPGP. Barclays PLC lifted its position in shares of IPG Photonics by 42.5% during the third quarter. Barclays PLC now owns 38,787 shares of the semiconductor company's stock worth $2,883,000 after purchasing an additional 11,562 shares during the last quarter. Beaumont Financial Advisors LLC lifted its position in shares of IPG Photonics by 4.2% during the fourth quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company's stock worth $248,000 after purchasing an additional 139 shares during the last quarter. KBC Group NV lifted its holdings in IPG Photonics by 48.5% in the fourth quarter. KBC Group NV now owns 1,613 shares of the semiconductor company's stock worth $117,000 after acquiring an additional 527 shares during the last quarter. Calamos Wealth Management LLC lifted its holdings in IPG Photonics by 4.0% in the fourth quarter. Calamos Wealth Management LLC now owns 6,237 shares of the semiconductor company's stock worth $454,000 after acquiring an additional 237 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in IPG Photonics by 437.2% in the fourth quarter. Retirement Systems of Alabama now owns 178,925 shares of the semiconductor company's stock worth $13,011,000 after acquiring an additional 145,616 shares during the last quarter. Institutional investors own 93.79% of the company's stock.
IPG Photonics Stock Performance
Shares of NASDAQ:IPGP traded down $0.13 during trading hours on Tuesday, hitting $65.39. The stock had a trading volume of 4,689 shares, compared to its average volume of 334,868. IPG Photonics Co. has a 1-year low of $48.59 and a 1-year high of $92.21. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of -15.64 and a beta of 0.92. The stock's fifty day simple moving average is $59.65 and its 200 day simple moving average is $67.82.
IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.10. The business had revenue of $227.79 million for the quarter, compared to analyst estimates of $227.00 million. IPG Photonics had a negative net margin of 18.58% and a positive return on equity of 2.98%. The business's revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter last year, the business earned $0.52 earnings per share. As a group, research analysts anticipate that IPG Photonics Co. will post 1.54 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have issued reports on IPGP. Citigroup cut their target price 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. Stifel Nicolaus set a $72.00 target price on shares of IPG Photonics in a report on Monday, April 28th. StockNews.com raised shares of IPG Photonics from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Raymond James cut their target price on shares of IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating on the stock in a report on Wednesday, May 7th. Finally, Needham & Company LLC reissued 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 given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $69.50.
View Our Latest Analysis on IPGP
About IPG Photonics
(
Free Report)
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.
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