UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 6,744 Shares of IPG Photonics Co. (NASDAQ:IPGP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in IPG Photonics Co. (NASDAQ:IPGP) by 7.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,684 shares of the semiconductor company’s stock after selling 6,744 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of IPG Photonics worth $5,848,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in IPG Photonics by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company’s stock valued at $84,054,000 after acquiring an additional 125,958 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in IPG Photonics by 2.2% in the second quarter. Disciplined Growth Investors Inc. MN now owns 490,959 shares of the semiconductor company’s stock valued at $41,432,000 after buying an additional 10,775 shares during the period. LHM Inc. lifted its holdings in IPG Photonics by 61.1% in the second quarter. LHM Inc. now owns 45,775 shares of the semiconductor company’s stock valued at $3,863,000 after buying an additional 17,354 shares during the period. Quantbot Technologies LP lifted its holdings in IPG Photonics by 57.7% in the third quarter. Quantbot Technologies LP now owns 23,253 shares of the semiconductor company’s stock valued at $1,728,000 after buying an additional 8,507 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its stake in IPG Photonics by 10.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 479,301 shares of the semiconductor company’s stock valued at $40,448,000 after purchasing an additional 46,252 shares in the last quarter. 93.79% of the stock is owned by institutional investors.

IPG Photonics Price Performance

Shares of NASDAQ:IPGP opened at $78.53 on Wednesday. The company’s fifty day moving average price is $77.29 and its 200-day moving average price is $77.39. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of -22.63 and a beta of 0.96. IPG Photonics Co. has a one year low of $61.86 and a one year high of $111.11.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. The company had revenue of $233.14 million for the quarter, compared to analyst estimates of $227.89 million. During the same quarter last year, the firm earned $1.16 EPS. The firm’s quarterly revenue was down 22.6% compared to the same quarter last year. As a group, equities research analysts expect that IPG Photonics Co. will post 1.51 EPS for the current year.

Analysts Set New Price Targets

IPGP has been the subject of several recent research reports. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. Finally, Benchmark restated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $93.50.

About IPG Photonics

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.