IPG Photonics Co. (NASDAQ:IPGP) Holdings Raised by Sora Investors LLC

Sora Investors LLC increased its stake in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 94.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 165,611 shares of the semiconductor company's stock after acquiring an additional 80,611 shares during the period. Sora Investors LLC owned approximately 0.38% of IPG Photonics worth $12,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its holdings in IPG Photonics by 355.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company's stock worth $76,000 after purchasing an additional 818 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in IPG Photonics by 463.5% during 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 purchased a new stake in IPG Photonics during the 4th quarter worth approximately $87,000. KBC Group NV increased its holdings 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 purchasing an additional 527 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings 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 purchasing an additional 572 shares during the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IPGP has been the topic of several analyst reports. Raymond James dropped their price objective on IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating on the stock in a report on Wednesday, May 7th. Stifel Nicolaus set a $72.00 price objective on IPG Photonics in a report on Monday, April 28th. Citigroup dropped their price objective on IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a report on Tuesday, February 18th. StockNews.com upgraded IPG Photonics from a "sell" rating to a "hold" rating in a report on Thursday. Finally, Needham & Company LLC reiterated a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th. One 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 MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $69.50.

IPG Photonics Trading Down 1.5%

IPGP stock traded down $0.98 during trading hours on Monday, hitting $65.51. 285,728 shares of the stock traded hands, compared to its average volume of 287,313. The stock has a 50-day simple moving average of $59.65 and a 200 day simple moving average of $67.82. IPG Photonics Co. has a one year low of $48.59 and a one year high of $92.21. The company has a market cap of $2.79 billion, a P/E ratio of -15.67 and a beta of 0.92.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.10. IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. The business had revenue of $227.79 million during the quarter, compared to analysts' expectations of $227.00 million. During the same quarter last year, the business posted $0.52 earnings per share. The company's quarterly revenue was down 9.6% on a year-over-year basis. Analysts forecast that IPG Photonics Co. will post 1.54 earnings per share for the current 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.