Trillium Asset Management LLC Trims Position in IPG Photonics Co. (NASDAQ:IPGP)

Trillium Asset Management LLC cut its position in IPG Photonics Co. (NASDAQ:IPGP) by 39.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,867 shares of the semiconductor company’s stock after selling 74,254 shares during the period. Trillium Asset Management LLC owned about 0.27% of IPG Photonics worth $8,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Beaumont Financial Advisors LLC increased its stake in shares of IPG Photonics by 4.2% in the fourth quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company’s stock worth $248,000 after purchasing an additional 139 shares in the last quarter. FMR LLC increased its stake in shares of IPG Photonics by 10.4% in the third quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 153 shares in the last quarter. Waterfront Wealth Inc. increased its stake in shares of IPG Photonics by 1.6% in the fourth quarter. Waterfront Wealth Inc. now owns 12,310 shares of the semiconductor company’s stock worth $895,000 after purchasing an additional 190 shares in the last quarter. Xponance Inc. grew its stake in IPG Photonics by 7.6% during the fourth quarter. Xponance Inc. now owns 3,201 shares of the semiconductor company’s stock valued at $233,000 after acquiring an additional 226 shares in the last quarter. Finally, Calamos Wealth Management LLC grew its stake in IPG Photonics by 4.0% during the fourth quarter. Calamos Wealth Management LLC now owns 6,237 shares of the semiconductor company’s stock valued at $454,000 after acquiring an additional 237 shares in the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IPGP has been the subject of several research analyst reports. Stifel Nicolaus cut their target price 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. Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. CL King raised shares of IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Tuesday. Citigroup cut their target price 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. Finally, Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.40.

IPG Photonics Stock Up 0.2 %

IPGP stock opened at $66.26 on Thursday. IPG Photonics Co. has a 52 week low of $56.71 and a 52 week high of $92.21. The company has a fifty day simple moving average of $67.00 and a two-hundred day simple moving average of $71.98. The firm has a market capitalization of $2.82 billion, a P/E ratio of -15.85 and a beta of 1.04.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share (EPS) 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%. As a group, analysts anticipate that IPG Photonics Co. will post 1.54 EPS for the current year.

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.