M&G Plc Has $12.39 Million Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

M&G Plc grew its stake in IPG Photonics Co. (NASDAQ:IPGP) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,485 shares of the semiconductor company’s stock after buying an additional 2,113 shares during the quarter. M&G Plc’s holdings in IPG Photonics were worth $12,394,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in IPG Photonics by 58.7% in the 2nd quarter. Pacer Advisors Inc. now owns 489,181 shares of the semiconductor company’s stock worth $41,282,000 after purchasing an additional 180,951 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of IPG Photonics by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company’s stock worth $84,054,000 after buying an additional 125,958 shares during the period. Motley Fool Asset Management LLC grew its holdings in shares of IPG Photonics by 602.2% during the first quarter. Motley Fool Asset Management LLC now owns 87,928 shares of the semiconductor company’s stock worth $7,974,000 after buying an additional 75,407 shares in the last quarter. Bank of New York Mellon Corp raised its position in IPG Photonics by 26.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 303,113 shares of the semiconductor company’s stock valued at $25,580,000 after buying an additional 63,369 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of IPG Photonics by 25.8% during the 2nd quarter. AQR Capital Management LLC now owns 254,578 shares of the semiconductor company’s stock worth $21,484,000 after acquiring an additional 52,204 shares in the last quarter. Institutional investors own 93.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on IPGP shares. Benchmark reaffirmed a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Raymond James cut their price objective on IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating for the company in a report on Wednesday, July 31st. Finally, Stifel Nicolaus lowered their target price on shares of IPG Photonics from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, IPG Photonics presently has an average rating of “Hold” and a consensus target price of $93.50.

IPG Photonics Stock Up 0.2 %

NASDAQ:IPGP opened at $85.75 on Friday. IPG Photonics Co. has a 12-month low of $61.86 and a 12-month high of $111.11. The stock’s 50 day moving average price is $73.25 and its two-hundred day moving average price is $79.22. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of -24.71 and a beta of 0.98.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. IPG Photonics had a positive return on equity of 4.32% and a negative net margin of 14.20%. The company had revenue of $233.14 million for the quarter, compared to analyst estimates of $227.89 million. During the same quarter last year, the company earned $1.16 earnings per share. The firm’s quarterly revenue was down 22.6% compared to the same quarter last year. Equities research analysts expect that IPG Photonics Co. will post 1.53 EPS for the current year.

IPG Photonics Profile

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.