Sora Investors LLC Has $12.04 Million Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

Sora Investors LLC increased its stake in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 94.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,611 shares of the semiconductor company's stock after buying an additional 80,611 shares during the period. Sora Investors LLC owned about 0.38% of IPG Photonics worth $12,043,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its stake 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 period. SRS Capital Advisors Inc. lifted its holdings in shares of IPG Photonics by 463.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock worth $77,000 after purchasing an additional 876 shares during the last quarter. Headlands Technologies LLC acquired a new position in IPG Photonics during the 4th quarter valued at approximately $87,000. KBC Group NV grew its stake in IPG Photonics by 48.5% during the 4th quarter. KBC Group NV now owns 1,613 shares of the semiconductor company's stock worth $117,000 after buying an additional 527 shares during the last quarter. Finally, Sterling Capital Management LLC grew its stake 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 worth $120,000 after buying an additional 572 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th. StockNews.com upgraded IPG Photonics from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Stifel Nicolaus set a $72.00 target price on IPG Photonics in a research note on Monday, April 28th. Raymond James decreased 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 report on Wednesday, May 7th. Finally, CL King upgraded IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price target on the stock in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $69.50.

IPG Photonics Trading Down 2.1%

Shares of NASDAQ IPGP traded down $1.41 during mid-day trading on Wednesday, reaching $65.09. The company had a trading volume of 110,964 shares, compared to its average volume of 286,755. The company has a 50-day moving average price of $59.79 and a two-hundred day moving average price of $67.81. The stock has a market cap of $2.77 billion, a PE ratio of -15.57 and a beta of 0.92. 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 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 company had revenue of $227.79 million during 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 quarterly revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. On average, research analysts expect that IPG Photonics Co. will post 1.54 EPS for the current year.

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.