Calamos Wealth Management LLC Has $454,000 Position in IPG Photonics Co. (NASDAQ:IPGP)

Calamos Wealth Management LLC raised its holdings in shares of IPG Photonics Co. (NASDAQ:IPGPFree Report) by 4.0% in the 4th quarter, HoldingsChannel reports. The firm owned 6,237 shares of the semiconductor company’s stock after buying an additional 237 shares during the period. Calamos Wealth Management LLC’s holdings in IPG Photonics were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new stake in shares of IPG Photonics during the 2nd quarter worth about $223,000. SG Americas Securities LLC acquired a new position in shares of IPG Photonics in the third quarter valued at approximately $803,000. Handelsbanken Fonder AB increased its stake in shares of IPG Photonics by 45.8% during the third quarter. Handelsbanken Fonder AB now owns 8,600 shares of the semiconductor company’s stock worth $639,000 after purchasing an additional 2,700 shares during the period. CWM LLC lifted its holdings in IPG Photonics by 226.4% during the 3rd quarter. CWM LLC now owns 2,435 shares of the semiconductor company’s stock worth $181,000 after purchasing an additional 1,689 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in IPG Photonics by 31.0% in the 3rd quarter. Inspire Investing LLC now owns 6,156 shares of the semiconductor company’s stock valued at $458,000 after buying an additional 1,456 shares in the last quarter. 93.79% of the stock is owned by institutional investors.

IPG Photonics Trading Up 1.1 %

IPGP opened at $70.93 on Wednesday. The company has a market cap of $3.07 billion, a P/E ratio of -20.44 and a beta of 0.95. The company’s 50 day moving average is $74.94 and its 200-day moving average is $74.23. IPG Photonics Co. has a 1-year low of $61.86 and a 1-year high of $104.19.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IPGP. Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. Finally, Benchmark reaffirmed a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $93.50.

View Our Latest Stock Analysis on IPGP

IPG Photonics Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for IPG Photonics (NASDAQ:IPGP)

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