Natixis Grows Stake in IPG Photonics Co. (NASDAQ:IPGP)

Natixis grew its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 123,258.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,044 shares of the semiconductor company's stock after acquiring an additional 53,001 shares during the quarter. Natixis owned 0.12% of IPG Photonics worth $3,857,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of IPG Photonics by 14.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,352,246 shares of the semiconductor company's stock worth $98,335,000 after buying an additional 173,584 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in shares of IPG Photonics by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 999,649 shares of the semiconductor company's stock valued at $72,694,000 after acquiring an additional 28,606 shares in the last quarter. Baillie Gifford & Co. raised its holdings in IPG Photonics by 34.0% in the 4th quarter. Baillie Gifford & Co. now owns 375,546 shares of the semiconductor company's stock worth $27,310,000 after acquiring an additional 95,199 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in IPG Photonics by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,620 shares of the semiconductor company's stock worth $26,879,000 after acquiring an additional 19,307 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in IPG Photonics by 35.1% in the 4th quarter. First Trust Advisors LP now owns 343,208 shares of the semiconductor company's stock worth $24,958,000 after acquiring an additional 89,237 shares during the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

IPG Photonics Trading Up 0.4 %

Shares of IPGP stock traded up $0.21 on Friday, reaching $58.15. 215,197 shares of the company's stock were exchanged, compared to its average volume of 280,398. IPG Photonics Co. has a 52 week low of $48.59 and a 52 week high of $92.21. The stock has a market capitalization of $2.48 billion, a PE ratio of -13.91 and a beta of 0.97. The company's fifty day simple moving average is $59.41 and its 200 day simple moving average is $69.56.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. As a group, sell-side analysts predict that IPG Photonics Co. will post 1.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on IPGP shares. Stifel Nicolaus decreased their target price on shares of IPG Photonics from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Needham & Company LLC reaffirmed a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th. CL King upgraded IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price target for the company in a report on Tuesday, March 18th. Finally, Citigroup cut their price target on IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, IPG Photonics has an average rating of "Hold" and an average target price of $85.40.

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.