Raiffeisen Bank International AG Makes New $2.53 Million Investment in IPG Photonics Co. (NASDAQ:IPGP)

Raiffeisen Bank International AG bought a new stake in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,000 shares of the semiconductor company's stock, valued at approximately $2,529,000. Raiffeisen Bank International AG owned approximately 0.08% of IPG Photonics at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Venturi Wealth Management LLC lifted its stake in shares of IPG Photonics by 355.7% in the 4th 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 last quarter. SRS Capital Advisors Inc. raised 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 valued at $77,000 after buying an additional 876 shares during the period. Headlands Technologies LLC bought a new stake in IPG Photonics in the fourth quarter worth $87,000. KBC Group NV boosted its stake in IPG Photonics by 48.5% during the fourth 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 period. Finally, Sterling Capital Management LLC increased its position in IPG Photonics by 52.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,656 shares of the semiconductor company's stock valued at $120,000 after acquiring an additional 572 shares during the last quarter. Institutional investors own 93.79% of the company's stock.

IPG Photonics Trading Down 2.3%

Shares of IPGP traded down $1.54 during midday trading on Wednesday, reaching $64.95. 67,964 shares of the stock were exchanged, compared to its average volume of 286,621. The company has a market capitalization of $2.76 billion, a P/E ratio of -15.63 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 company's 50 day moving average is $59.79 and its two-hundred day moving average is $67.81.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued 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 negative net margin of 18.58% and a positive return on equity of 2.98%. The company had revenue of $227.79 million for the quarter, compared to analysts' expectations of $227.00 million. During the same period in the prior year, the business earned $0.52 EPS. The firm's quarterly revenue was down 9.6% on a year-over-year basis. On average, sell-side analysts expect that IPG Photonics Co. will post 1.54 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. CL King upgraded shares of 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. Stifel Nicolaus set a $72.00 price objective on shares of IPG Photonics in a research note on Monday, April 28th. StockNews.com upgraded IPG Photonics from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Citigroup reduced their price target on IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a report on Tuesday, February 18th. Finally, Needham & Company LLC restated a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.