Mutual of America Capital Management LLC Decreases Holdings in IPG Photonics Co. (NASDAQ:IPGP)

Mutual of America Capital Management LLC lowered its holdings in IPG Photonics Co. (NASDAQ:IPGP) by 4.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,164 shares of the semiconductor company’s stock after selling 657 shares during the quarter. Mutual of America Capital Management LLC’s holdings in IPG Photonics were worth $1,030,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in IPGP. Jane Street Group LLC increased its stake 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 purchasing an additional 10,906 shares during the last quarter. Barclays PLC boosted 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 valued at $2,883,000 after buying an additional 11,562 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of IPG Photonics by 8.9% in the 3rd 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 during the last quarter. JPMorgan Chase & Co. raised its stake in IPG Photonics by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 151,142 shares of the semiconductor company’s stock worth $11,233,000 after acquiring an additional 28,003 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in IPG Photonics by 57.7% during the 3rd quarter. Quantbot Technologies LP now owns 23,253 shares of the semiconductor company’s stock worth $1,728,000 after acquiring an additional 8,507 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Stock Up 0.7 %

NASDAQ IPGP opened at $63.04 on Monday. The business’s 50-day moving average price is $68.81 and its 200 day moving average price is $72.42. The firm has a market cap of $2.68 billion, a P/E ratio of -15.08 and a beta of 1.04. IPG Photonics Co. has a 52-week low of $56.71 and a 52-week high of $92.21.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. As a group, analysts anticipate that IPG Photonics Co. will post 1.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a report on Wednesday, February 12th. Northcoast Research cut IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Stifel Nicolaus cut their price target on IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, Citigroup decreased their price objective on IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, IPG Photonics presently has an average rating of “Hold” and a consensus price target of $87.75.

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.