Logan Capital Management Inc. Has $2.58 Million Stake in IPG Photonics Co. (NASDAQ:IPGP)

Logan Capital Management Inc. trimmed its position in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 12.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,534 shares of the semiconductor company's stock after selling 4,895 shares during the period. Logan Capital Management Inc. owned approximately 0.08% of IPG Photonics worth $2,584,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in IPGP. Barclays PLC increased its holdings in shares of IPG Photonics by 42.5% in the 3rd quarter. Barclays PLC now owns 38,787 shares of the semiconductor company's stock valued at $2,883,000 after purchasing an additional 11,562 shares during the period. JPMorgan Chase & Co. grew its holdings in IPG Photonics by 22.7% during 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 during the last quarter. Beaumont Financial Advisors LLC lifted its position in IPG Photonics by 4.2% during the 4th quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company's stock worth $248,000 after acquiring an additional 139 shares during the last quarter. KBC Group NV boosted 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 valued at $117,000 after purchasing an additional 527 shares during the period. Finally, Calamos Wealth Management LLC grew its stake in shares of 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. 93.79% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics Trading Up 1.7%

Shares of IPGP stock traded up $1.09 during trading hours on Friday, hitting $66.49. 275,751 shares of the company were exchanged, compared to its average volume of 286,649. The company 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 52 week low of $48.59 and a 52 week high of $92.21. The business has a 50 day moving average of $59.38 and a two-hundred day moving average of $68.26.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $227.00 million. During the same period in the previous year, the company posted $0.52 earnings per share. The company's quarterly revenue was down 9.6% compared to the same quarter last year. On average, research analysts forecast that IPG Photonics Co. will post 1.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on IPGP shares. Stifel Nicolaus set a $72.00 price objective on shares of IPG Photonics in a research note on Monday, April 28th. StockNews.com upgraded shares of IPG Photonics from a "sell" rating to a "hold" rating in a research report on Thursday. Raymond James reduced 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 research note on Wednesday, May 7th. Citigroup dropped their price objective on IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a report on Tuesday, February 18th. Finally, Needham & Company LLC reissued 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, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $69.50.

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.