Stifel Financial Corp Lowers Holdings in IPG Photonics Co. (NASDAQ:IPGP)

Stifel Financial Corp reduced its stake in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 30.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,753 shares of the semiconductor company's stock after selling 4,645 shares during the quarter. Stifel Financial Corp's holdings in IPG Photonics were worth $782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Venturi Wealth Management LLC grew its holdings in shares of 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 in the last quarter. SRS Capital Advisors Inc. boosted its stake in IPG Photonics by 463.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock worth $77,000 after buying an additional 876 shares during the period. Headlands Technologies LLC bought a new position in IPG Photonics during the fourth quarter valued at $87,000. KBC Group NV raised its stake in shares of IPG Photonics by 48.5% in the fourth quarter. KBC Group NV now owns 1,613 shares of the semiconductor company's stock valued at $117,000 after acquiring an additional 527 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of IPG Photonics by 52.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,656 shares of the semiconductor company's stock worth $120,000 after acquiring an additional 572 shares during the last quarter. Institutional investors own 93.79% of the company's stock.

Wall Street Analyst Weigh In

IPGP has been the topic of several analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th. Raymond James cut their target price on IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating on the stock in a research note on Wednesday. CL King raised IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price target for the company in a research note on Tuesday, March 18th. Stifel Nicolaus set a $72.00 price objective on IPG Photonics in a research report on Monday, April 28th. Finally, Citigroup lowered their target price on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, IPG Photonics currently has a consensus rating of "Hold" and a consensus price target of $69.50.

IPG Photonics Stock Performance

NASDAQ:IPGP opened at $60.15 on Friday. The stock has a 50 day moving average price of $59.17 and a 200 day moving average price of $68.54. The stock has a market cap of $2.57 billion, a PE ratio of -14.39 and a beta of 0.92. IPG Photonics Co. has a one year low of $48.59 and a one year high of $92.21.

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

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