IPG Photonics Co. (NASDAQ:IPGP) Shares Sold by Cwm LLC

Cwm LLC decreased its holdings in shares of IPG Photonics Co. (NASDAQ:IPGPGet Rating) by 34.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 491 shares of the semiconductor company’s stock after selling 255 shares during the quarter. Cwm LLC’s holdings in IPG Photonics were worth $41,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Occudo Quantitative Strategies LP increased its stake in IPG Photonics by 6.1% during the second quarter. Occudo Quantitative Strategies LP now owns 15,341 shares of the semiconductor company’s stock worth $1,444,000 after acquiring an additional 877 shares during the last quarter. Texas Permanent School Fund increased its stake in IPG Photonics by 263.3% during the second quarter. Texas Permanent School Fund now owns 16,830 shares of the semiconductor company’s stock worth $1,584,000 after acquiring an additional 12,197 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in IPG Photonics by 10.2% during the second quarter. Treasurer of the State of North Carolina now owns 14,690 shares of the semiconductor company’s stock worth $1,383,000 after acquiring an additional 1,359 shares during the last quarter. C Partners Holding GmbH increased its stake in IPG Photonics by 14.2% during the second quarter. C Partners Holding GmbH now owns 152,874 shares of the semiconductor company’s stock worth $14,390,000 after acquiring an additional 19,054 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in IPG Photonics during the second quarter worth $1,814,000. Institutional investors and hedge funds own 63.50% of the company’s stock.

IPG Photonics Trading Up 1.3 %

NASDAQ:IPGP opened at $107.60 on Friday. The firm has a market cap of $5.24 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 10.80 and a beta of 1.24. The stock has a fifty day moving average price of $95.81 and a 200 day moving average price of $93.59. IPG Photonics Co. has a 12-month low of $79.88 and a 12-month high of $161.97.

IPG Photonics (NASDAQ:IPGPGet Rating) last released its earnings results on Tuesday, November 1st. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.30. The firm had revenue of $349.01 million during the quarter, compared to analyst estimates of $361.29 million. IPG Photonics had a return on equity of 10.58% and a net margin of 18.34%. Equities analysts forecast that IPG Photonics Co. will post 4.8 EPS for the current year.

Wall Street Analysts Forecast Growth

IPGP has been the subject of several recent analyst reports. Benchmark cut their target price on IPG Photonics from $165.00 to $130.00 in a research note on Wednesday, November 2nd. StockNews.com assumed coverage on IPG Photonics in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Stifel Nicolaus assumed coverage on IPG Photonics in a research report on Wednesday, November 2nd. They set a “buy” rating and a $110.00 price target for the company. Raymond James upgraded IPG Photonics from an “underperform” rating to a “market perform” rating in a research report on Tuesday, November 1st. Finally, DA Davidson restated a “buy” rating on shares of IPG Photonics in a research report on Tuesday, January 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.20.

IPG Photonics Profile

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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. The company's 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.

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

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