Fisher Asset Management LLC Has $18.98 Million Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

Fisher Asset Management LLC reduced its holdings in IPG Photonics Co. (NASDAQ:IPGP) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 174,860 shares of the semiconductor company’s stock after selling 1,499 shares during the period. Fisher Asset Management LLC owned approximately 0.37% of IPG Photonics worth $18,979,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. VisionPoint Advisory Group LLC lifted its holdings in shares of IPG Photonics by 127.2% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 259 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. Disciplined Equity Management Inc. bought a new stake in shares of IPG Photonics during the fourth quarter worth $43,000. AM Squared Ltd raised its holdings in shares of IPG Photonics by 200.0% during the fourth quarter. AM Squared Ltd now owns 600 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 400 shares during the period. Assetmark Inc. lifted its position in IPG Photonics by 39.4% in the 3rd quarter. Assetmark Inc. now owns 612 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 173 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new position in IPG Photonics in the 3rd quarter worth $89,000. Institutional investors and hedge funds own 93.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on IPGP shares. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, May 1st. StockNews.com cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Seaport Res Ptn reaffirmed a “buy” rating on shares of IPG Photonics in a research report on Thursday, January 25th. Stifel Nicolaus cut their price target on shares of IPG Photonics from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th. Finally, Citigroup lowered their price objective on shares of IPG Photonics from $74.00 to $68.00 and set a “sell” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $110.40.

Insider Activity

In related news, Director Eric Meurice sold 788 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $89.30, for a total value of $70,368.40. Following the transaction, the director now owns 16,491 shares in the company, valued at $1,472,646.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of IPG Photonics stock in a transaction on Monday, March 25th. The stock was sold at an average price of $89.56, for a total value of $895,600.00. Following the transaction, the insider now owns 7,209,599 shares in the company, valued at approximately $645,691,686.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Eric Meurice sold 788 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $89.30, for a total value of $70,368.40. Following the sale, the director now owns 16,491 shares of the company’s stock, valued at $1,472,646.30. The disclosure for this sale can be found here. In the last three months, insiders sold 29,788 shares of company stock worth $2,595,508. 33.50% of the stock is currently owned by company insiders.

IPG Photonics Stock Up 0.1 %

Shares of NASDAQ:IPGP opened at $86.76 on Monday. The stock has a market cap of $3.95 billion, a PE ratio of 22.36 and a beta of 1.17. IPG Photonics Co. has a 12-month low of $80.33 and a 12-month high of $141.85. The business has a 50 day moving average of $87.69 and a 200-day moving average of $93.96.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $252.00 million during the quarter, compared to the consensus estimate of $255.53 million. IPG Photonics had a net margin of 15.34% and a return on equity of 7.67%. The business’s revenue for the quarter was down 27.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 EPS. Equities research analysts expect that IPG Photonics Co. will post 2.81 earnings per share for the current year.

IPG Photonics announced that its board has authorized a share repurchase plan on Tuesday, February 13th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 7.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

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.