Raymond James Financial Inc. Makes New $8.82 Million Investment in IPG Photonics Co. (NASDAQ:IPGP)

Raymond James Financial Inc. purchased a new position in IPG Photonics Co. (NASDAQ:IPGP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 121,215 shares of the semiconductor company’s stock, valued at approximately $8,815,000. Raymond James Financial Inc. owned approximately 0.28% of IPG Photonics as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. increased its stake in IPG Photonics by 2.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 999,649 shares of the semiconductor company’s stock worth $72,694,000 after buying an additional 28,606 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of IPG Photonics by 37.2% during the third quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company’s stock valued at $49,871,000 after purchasing an additional 181,844 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of IPG Photonics by 8.9% during 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 purchasing an additional 43,874 shares in the last quarter. Baillie Gifford & Co. grew 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 valued at $27,310,000 after purchasing an additional 95,199 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of IPG Photonics by 5.5% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 93.79% of the company’s stock.

IPG Photonics Trading Down 2.0 %

IPGP opened at $64.06 on Friday. The firm has a market cap of $2.73 billion, a P/E ratio of -15.33 and a beta of 1.04. IPG Photonics Co. has a 12 month low of $56.71 and a 12 month high of $92.21. The stock has a 50-day moving average of $66.67 and a 200 day moving average of $71.91.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Stifel Nicolaus cut their price objective on IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Northcoast Research lowered IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th. Citigroup cut their price objective on IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a research report on Tuesday, February 18th. Finally, CL King upgraded IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.