KBC Group NV Acquires 527 Shares of IPG Photonics Co. (NASDAQ:IPGP)

KBC Group NV increased its position in IPG Photonics Co. (NASDAQ:IPGP) by 48.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,613 shares of the semiconductor company’s stock after acquiring an additional 527 shares during the quarter. KBC Group NV’s holdings in IPG Photonics were worth $117,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IPGP. Versant Capital Management Inc lifted its position in IPG Photonics by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 345 shares during the period. Assetmark Inc. boosted its position in shares of IPG Photonics by 28.3% during the 3rd quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company’s stock valued at $99,000 after acquiring an additional 295 shares in the last quarter. FMR LLC increased its stake in IPG Photonics by 10.4% in the third quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 153 shares during the period. Covestor Ltd raised its position in IPG Photonics by 7.7% in the third quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company’s stock worth $139,000 after purchasing an additional 133 shares in the last quarter. Finally, CWM LLC lifted its stake in IPG Photonics by 226.4% during the third quarter. CWM LLC now owns 2,435 shares of the semiconductor company’s stock worth $181,000 after purchasing an additional 1,689 shares during the period. 93.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IPGP. Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Finally, Benchmark restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, IPG Photonics presently has an average rating of “Hold” and a consensus target price of $93.50.

IPG Photonics Price Performance

IPG Photonics stock opened at $68.91 on Friday. IPG Photonics Co. has a fifty-two week low of $61.86 and a fifty-two week high of $104.19. The firm has a market capitalization of $2.98 billion, a PE ratio of -19.86 and a beta of 0.95. The company’s 50-day moving average is $74.69 and its 200-day moving average is $74.19.

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.