Stifel Financial Corp reduced its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP) by 30.7% during the 4th quarter, Holdings Channel reports. The firm owned 5,997 shares of the semiconductor company’s stock after selling 2,662 shares during the period. Stifel Financial Corp’s holdings in IPG Photonics were worth $680,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Gideon Capital Advisors Inc. acquired a new position in IPG Photonics during the fourth quarter worth about $213,000. Prudential PLC raised its position in IPG Photonics by 264.1% during the fourth quarter. Prudential PLC now owns 194,817 shares of the semiconductor company’s stock worth $22,071,000 after acquiring an additional 141,317 shares during the last quarter. Dimensional Fund Advisors LP raised its position in IPG Photonics by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 326,446 shares of the semiconductor company’s stock worth $36,988,000 after acquiring an additional 9,214 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in IPG Photonics by 13.8% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 9,480 shares of the semiconductor company’s stock worth $1,074,000 after acquiring an additional 1,150 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in IPG Photonics by 0.9% during the fourth quarter. Great West Life Assurance Co. Can now owns 22,627 shares of the semiconductor company’s stock worth $2,436,000 after acquiring an additional 209 shares during the last quarter. 67.50% of the stock is currently owned by institutional investors.

IPGP has been the subject of a number of research reports. TheStreet cut shares of IPG Photonics from a “b-” rating to a “c+” rating in a research report on Friday, December 28th. BidaskClub upgraded shares of IPG Photonics from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 10th. Benchmark restated a “buy” rating and set a $165.00 target price on shares of IPG Photonics in a research report on Thursday, February 14th. Needham & Company LLC reiterated a “buy” rating and set a $157.00 price target (down from $160.00) on shares of IPG Photonics in a report on Tuesday, December 18th. Finally, Cascend Securities initiated coverage on shares of IPG Photonics in a report on Monday, February 11th. They set a “buy” rating and a $160.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $190.91.

Shares of NASDAQ IPGP opened at $164.66 on Wednesday. The stock has a market cap of $8.95 billion, a PE ratio of 22.31, a PEG ratio of 3.92 and a beta of 1.84. IPG Photonics Co. has a 12 month low of $104.64 and a 12 month 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 issued its quarterly earnings results on Tuesday, February 12th. The semiconductor company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.03). The firm had revenue of $330.10 million for the quarter, compared to analysts’ expectations of $314.91 million. IPG Photonics had a return on equity of 18.66% and a net margin of 27.67%. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 earnings per share. On average, research analysts predict that IPG Photonics Co. will post 5.79 earnings per share for the current fiscal year.

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IPG Photonics Company Profile

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.

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

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