IPG Photonics Co. (NASDAQ:IPGP) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC grew its position in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,069,193 shares of the semiconductor company's stock after purchasing an additional 9,852 shares during the period. Lazard Asset Management LLC owned approximately 2.47% of IPG Photonics worth $77,751,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC grew 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 purchasing an additional 818 shares during the period. SRS Capital Advisors Inc. grew its stake in shares of IPG Photonics by 463.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock valued at $77,000 after buying an additional 876 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of IPG Photonics in the fourth quarter valued at $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 purchasing an additional 527 shares in 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 purchasing an additional 572 shares in the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. CL King raised 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. Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a research report on Wednesday, February 12th. Citigroup decreased their target price on IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a research report on Tuesday, February 18th. Stifel Nicolaus set a $72.00 target price on IPG Photonics in a research report on Monday, April 28th. Finally, Raymond James decreased their target price on 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $69.50.

IPG Photonics Stock Up 1.7%

IPGP traded up $1.09 on Friday, hitting $66.49. 275,751 shares of the company traded hands, compared to its average volume of 287,320. The company has a 50 day moving average of $59.54 and a 200-day moving average of $67.94. The stock has a market capitalization of $2.83 billion, a PE ratio of -15.91 and a beta of 0.92. IPG Photonics Co. has a 12-month low of $48.59 and a 12-month high of $92.21.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping 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 company had revenue of $227.79 million for the quarter, compared to analysts' expectations of $227.00 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm's quarterly revenue was down 9.6% on a year-over-year basis. On average, research analysts anticipate that IPG Photonics Co. will post 1.54 EPS for the current year.

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.