IPG Photonics Co. (NASDAQ:IPGP) Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC decreased its position in IPG Photonics Co. (NASDAQ:IPGP) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,736 shares of the semiconductor company’s stock after selling 514 shares during the quarter. Motley Fool Asset Management LLC owned 0.05% of IPG Photonics worth $1,562,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Holocene Advisors LP grew its position in shares of IPG Photonics by 55.6% in the 3rd quarter. Holocene Advisors LP now owns 36,345 shares of the semiconductor company’s stock worth $2,701,000 after acquiring an additional 12,993 shares in the last quarter. ARGA Investment Management LP boosted its position in IPG Photonics by 5.5% during the 3rd quarter. ARGA Investment Management LP now owns 24,040 shares of the semiconductor company’s stock valued at $1,787,000 after purchasing an additional 1,247 shares during the period. Edgestream Partners L.P. boosted its position in IPG Photonics by 463.7% during the 3rd quarter. Edgestream Partners L.P. now owns 22,453 shares of the semiconductor company’s stock valued at $1,669,000 after purchasing an additional 18,470 shares during the period. Verition Fund Management LLC acquired a new position in IPG Photonics during the 3rd quarter valued at approximately $2,181,000. Finally, BNP Paribas Financial Markets boosted its position in IPG Photonics by 49.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 31,701 shares of the semiconductor company’s stock valued at $2,356,000 after purchasing an additional 10,491 shares during the period. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Stock Performance

Shares of IPGP stock opened at $75.36 on Thursday. IPG Photonics Co. has a 1 year low of $61.86 and a 1 year high of $111.11. The stock has a fifty day moving average of $76.97 and a two-hundred day moving average of $77.72. The firm has a market capitalization of $3.26 billion, a PE ratio of -21.72 and a beta of 0.96.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.29 EPS 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 the consensus estimate of $227.89 million. During the same quarter in the previous year, the business earned $1.16 EPS. The company’s quarterly revenue was down 22.6% compared to the same quarter last year. Equities research analysts predict that IPG Photonics Co. will post 1.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Benchmark restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Northcoast Research lowered IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $93.50.

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.