Charles Schwab Investment Management Inc. Acquires 19,307 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Charles Schwab Investment Management Inc. grew its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP) by 5.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 369,620 shares of the semiconductor company’s stock after acquiring an additional 19,307 shares during the period. Charles Schwab Investment Management Inc. owned about 0.85% of IPG Photonics worth $26,879,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. increased its holdings in IPG Photonics by 2.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 999,649 shares of the semiconductor company’s stock valued at $72,694,000 after purchasing an additional 28,606 shares during the period. Pacer Advisors Inc. grew its position in shares of IPG Photonics by 37.2% in the 3rd quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company’s stock valued at $49,871,000 after buying an additional 181,844 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in shares of 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 during the period. Baillie Gifford & Co. raised its position in shares of IPG Photonics by 34.0% during the fourth quarter. Baillie Gifford & Co. now owns 375,546 shares of the semiconductor company’s stock worth $27,310,000 after acquiring an additional 95,199 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of IPG Photonics by 30.1% in the fourth quarter. Fisher Asset Management LLC now owns 249,830 shares of the semiconductor company’s stock worth $18,168,000 after acquiring an additional 57,780 shares during the period. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Trading Up 1.7 %

IPG Photonics stock opened at $63.32 on Tuesday. The business’s 50 day simple moving average is $67.33 and its 200 day simple moving average is $72.04. IPG Photonics Co. has a 12 month low of $56.71 and a 12 month high of $92.21. The company has a market cap of $2.69 billion, a price-to-earnings ratio of -15.15 and a beta of 1.04.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 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 forecast that IPG Photonics Co. will post 1.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Northcoast Research downgraded shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Citigroup decreased their price objective on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a research report on Tuesday, February 18th. Stifel Nicolaus dropped their target price on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.