LHM Inc. Has $4.27 Million Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

LHM Inc. increased its stake in shares of IPG Photonics Co. (NASDAQ:IPGP) by 4.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 58,769 shares of the semiconductor company’s stock after buying an additional 2,700 shares during the period. IPG Photonics makes up 1.4% of LHM Inc.’s holdings, making the stock its 18th biggest holding. LHM Inc.’s holdings in IPG Photonics were worth $4,274,000 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. Raymond James Financial Inc. acquired a new position in IPG Photonics during the 4th quarter valued at about $8,815,000. Victory Capital Management Inc. lifted its position in IPG Photonics by 57.4% during the 4th quarter. Victory Capital Management Inc. now owns 11,341 shares of the semiconductor company’s stock valued at $825,000 after purchasing an additional 4,136 shares during the period. Charles Schwab Investment Management Inc. lifted its position in IPG Photonics by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,620 shares of the semiconductor company’s stock valued at $26,879,000 after purchasing an additional 19,307 shares during the period. SRS Capital Advisors Inc. lifted its position in IPG Photonics by 463.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 876 shares during the period. Finally, Fisher Asset Management LLC lifted its position in IPG Photonics by 30.1% during the 4th quarter. Fisher Asset Management LLC now owns 249,830 shares of the semiconductor company’s stock valued at $18,168,000 after purchasing an additional 57,780 shares during the period. Institutional investors and hedge funds own 93.79% of the company’s stock.

Wall Street Analyst Weigh In

IPGP has been the topic of a number of analyst reports. Citigroup cut their price target on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a research report on Tuesday, February 18th. Northcoast Research downgraded shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus cut their price target on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, IPG Photonics currently has a consensus rating of “Hold” and a consensus price target of $87.75.

IPG Photonics Stock Performance

NASDAQ IPGP opened at $63.42 on Thursday. The business has a 50 day simple moving average of $69.55 and a 200 day simple moving average of $72.56. IPG Photonics Co. has a 52-week low of $56.71 and a 52-week high of $92.21. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -15.17 and a beta of 0.95.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results 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%. On average, analysts predict that IPG Photonics Co. will post 1.54 EPS for the current year.

IPG Photonics Company 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.