Aquatic Capital Management LLC Sells 8,056 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Aquatic Capital Management LLC trimmed its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 28.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,944 shares of the semiconductor company's stock after selling 8,056 shares during the quarter. Aquatic Capital Management LLC's holdings in IPG Photonics were worth $1,450,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its holdings 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 acquiring an additional 11,562 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in 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 purchasing an additional 19,307 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of IPG Photonics by 30.1% in the 4th quarter. Fisher Asset Management LLC now owns 249,830 shares of the semiconductor company's stock valued at $18,168,000 after purchasing an additional 57,780 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of IPG Photonics by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 151,142 shares of the semiconductor company's stock valued at $11,233,000 after purchasing an additional 28,003 shares in the last quarter. Finally, Pacific Heights Asset Management LLC boosted its position in shares of IPG Photonics by 375.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 304,000 shares of the semiconductor company's stock worth $22,107,000 after buying an additional 240,000 shares during the period. 93.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IPGP. Citigroup dropped their target price on IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a research report on Tuesday, February 18th. Stifel Nicolaus set a $72.00 price objective on shares of IPG Photonics in a research report on Monday. CL King upgraded shares of IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 target price for the company in a report on Tuesday, March 18th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of IPG Photonics in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $77.00.

IPG Photonics Stock Performance

IPGP traded up $2.00 during trading on Friday, reaching $63.80. 197,104 shares of the stock were exchanged, compared to its average volume of 278,689. The stock's 50 day moving average price is $59.16 and its two-hundred day moving average price is $69.13. IPG Photonics Co. has a twelve month low of $48.59 and a twelve month high of $92.21. The stock has a market cap of $2.73 billion, a P/E ratio of -15.26 and a beta of 0.97.

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

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.