Flagship Harbor Advisors LLC lessened its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP) by 55.6% during the first quarter, HoldingsChannel reports. The firm owned 210 shares of the semiconductor company’s stock after selling 263 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in IPG Photonics were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in IPGP. Quantitative Systematic Strategies LLC bought a new position in IPG Photonics in the 1st quarter valued at approximately $222,000. Scout Investments Inc. lifted its stake in IPG Photonics by 251.0% in the 1st quarter. Scout Investments Inc. now owns 141,076 shares of the semiconductor company’s stock valued at $21,413,000 after purchasing an additional 100,879 shares during the last quarter. Virtu Financial LLC lifted its stake in IPG Photonics by 78.6% in the 1st quarter. Virtu Financial LLC now owns 3,907 shares of the semiconductor company’s stock valued at $593,000 after purchasing an additional 1,719 shares during the last quarter. Altman Advisors Inc. lifted its stake in IPG Photonics by 11.8% in the 1st quarter. Altman Advisors Inc. now owns 9,054 shares of the semiconductor company’s stock valued at $1,374,000 after purchasing an additional 958 shares during the last quarter. Finally, Malaga Cove Capital LLC lifted its stake in IPG Photonics by 1.7% in the 1st quarter. Malaga Cove Capital LLC now owns 5,730 shares of the semiconductor company’s stock valued at $870,000 after purchasing an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 67.33% of the company’s stock.

Several equities analysts recently commented on IPGP shares. Zacks Investment Research raised shares of IPG Photonics from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Susquehanna Bancshares set a $146.00 price objective on shares of IPG Photonics and gave the company a “hold” rating in a research note on Thursday, February 14th. Bank of America raised shares of IPG Photonics from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Monday. ValuEngine raised shares of IPG Photonics from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $170.00 price objective (up previously from $157.00) on shares of IPG Photonics in a research note on Wednesday, February 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. IPG Photonics has a consensus rating of “Buy” and an average target price of $182.36.

IPGP stock opened at $176.55 on Tuesday. The firm has a market cap of $9.32 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 4.12 and a beta of 1.84. IPG Photonics Co. has a 52-week low of $104.64 and a 52-week high of $261.77. The company has a quick ratio of 5.70, a current ratio of 7.35 and a debt-to-equity ratio of 0.02.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, February 12th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.43 by ($0.03). The business had revenue of $330.10 million for the quarter, compared to the consensus estimate of $314.91 million. IPG Photonics had a net margin of 27.67% and a return on equity of 18.66%. IPG Photonics’s revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.86 EPS. On average, research analysts predict that IPG Photonics Co. will post 5.79 EPS for the current year.

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About IPG Photonics

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

Further Reading: What is an SEC Filing?

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Institutional Ownership by Quarter for IPG Photonics (NASDAQ:IPGP)

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