Quantbot Technologies LP Has $1.75 Million Stock Holdings in IPG Photonics Co. (NASDAQ:IPGP)

Quantbot Technologies LP lifted its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP) by 3.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 24,040 shares of the semiconductor company’s stock after purchasing an additional 787 shares during the quarter. Quantbot Technologies LP’s holdings in IPG Photonics were worth $1,748,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Jane Street Group LLC grew its position in IPG Photonics by 100.4% in the third quarter. Jane Street Group LLC now owns 21,771 shares of the semiconductor company’s stock valued at $1,618,000 after acquiring an additional 10,906 shares during the period. Barclays PLC grew 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 worth $2,883,000 after purchasing an additional 11,562 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of IPG Photonics by 30.1% during the 4th quarter. Fisher Asset Management LLC now owns 249,830 shares of the semiconductor company’s stock worth $18,168,000 after purchasing an additional 57,780 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in IPG Photonics by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,620 shares of the semiconductor company’s stock valued at $26,879,000 after purchasing an additional 19,307 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its position in IPG Photonics by 8.9% in the third quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock valued at $39,749,000 after buying an additional 43,874 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics Stock Up 5.6 %

IPGP stock opened at $67.62 on Tuesday. IPG Photonics Co. has a twelve month low of $56.71 and a twelve month high of $92.21. The company has a market cap of $2.88 billion, a P/E ratio of -16.18 and a beta of 1.04. The business has a fifty day moving average of $66.58 and a 200-day moving average of $72.01.

IPG Photonics (NASDAQ:IPGP) last released its 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 negative net margin of 18.58% and a positive return on equity of 2.98%. As a group, equities research analysts anticipate that IPG Photonics Co. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IPGP has been the subject of several recent analyst reports. Northcoast Research lowered shares of IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th. CL King upgraded IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Tuesday, March 18th. Stifel Nicolaus cut their price target on IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Finally, Citigroup reduced their price target on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $85.40.

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.