Rhumbline Advisers Has $5.49 Million Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

Rhumbline Advisers raised its stake in IPG Photonics Co. (NASDAQ:IPGP) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,503 shares of the semiconductor company’s stock after acquiring an additional 580 shares during the quarter. Rhumbline Advisers owned about 0.17% of IPG Photonics worth $5,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Covestor Ltd boosted its position in shares of IPG Photonics by 7.7% in the third quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company’s stock valued at $139,000 after acquiring an additional 133 shares during the period. Beaumont Financial Advisors LLC raised its stake in IPG Photonics by 4.2% in the 4th quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company’s stock worth $248,000 after purchasing an additional 139 shares in the last quarter. FMR LLC boosted its holdings in IPG Photonics by 10.4% in the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock valued at $120,000 after purchasing an additional 153 shares during the period. Calamos Wealth Management LLC grew its position in shares of IPG Photonics by 4.0% during the 4th quarter. Calamos Wealth Management LLC now owns 6,237 shares of the semiconductor company’s stock worth $454,000 after purchasing an additional 237 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of IPG Photonics by 28.3% during the third quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company’s stock worth $99,000 after purchasing an additional 295 shares during the period. 93.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IPGP has been the topic of a number of recent analyst reports. Stifel Nicolaus decreased 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. Northcoast Research lowered shares of IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a report on Wednesday, February 12th. Finally, Citigroup decreased their price objective on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $87.75.

IPG Photonics Stock Down 2.9 %

Shares of IPG Photonics stock opened at $57.86 on Friday. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of -13.84 and a beta of 0.95. IPG Photonics Co. has a twelve month low of $57.76 and a twelve month high of $92.21. The company’s fifty day moving average is $70.85 and its 200 day moving average is $72.75.

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 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 analysts anticipate that IPG Photonics Co. will post 1.54 earnings per share for the current fiscal year.

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.