Royce & Associates LP Buys 28,712 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Royce & Associates LP boosted its stake in IPG Photonics Co. (NASDAQ:IPGP) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,740 shares of the semiconductor company’s stock after purchasing an additional 28,712 shares during the period. Royce & Associates LP owned about 0.45% of IPG Photonics worth $14,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. one8zero8 LLC bought a new position in IPG Photonics in the 4th quarter valued at approximately $1,406,000. Brandes Investment Partners LP raised its stake in shares of IPG Photonics by 1.5% during the fourth quarter. Brandes Investment Partners LP now owns 64,322 shares of the semiconductor company’s stock valued at $4,677,000 after acquiring an additional 940 shares during the last quarter. Wealthfront Advisers LLC bought a new position in shares of IPG Photonics during the fourth quarter valued at $5,678,000. Inspire Advisors LLC bought a new position in shares of IPG Photonics during the fourth quarter valued at $213,000. Finally, Pacific Heights Asset Management LLC raised its stake in shares of IPG Photonics by 375.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 304,000 shares of the semiconductor company’s stock valued at $22,107,000 after acquiring an additional 240,000 shares during the last quarter. Institutional investors own 93.79% of the company’s stock.

IPG Photonics Stock Up 1.7 %

IPGP opened at $63.32 on Tuesday. IPG Photonics Co. has a twelve month low of $56.71 and a twelve month high of $92.21. The company has a fifty day moving average of $67.33 and a 200-day moving average of $72.04. The stock has a market cap of $2.69 billion, a PE ratio of -15.15 and a beta of 1.04.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. Sell-side analysts anticipate that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Northcoast Research downgraded shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. Citigroup dropped their price target on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus dropped their price target on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $87.75.

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.