Orion Portfolio Solutions LLC Sells 1,382 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Orion Portfolio Solutions LLC lowered its stake in shares of IPG Photonics Co. (NASDAQ:IPGP) by 17.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,749 shares of the semiconductor company’s stock after selling 1,382 shares during the period. Orion Portfolio Solutions LLC’s holdings in IPG Photonics were worth $502,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised 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 valued at $84,054,000 after buying an additional 125,958 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its position in IPG Photonics by 2.2% in the second quarter. Disciplined Growth Investors Inc. MN now owns 490,959 shares of the semiconductor company’s stock worth $41,432,000 after purchasing an additional 10,775 shares in the last quarter. LHM Inc. raised its position in IPG Photonics by 61.1% in the second quarter. LHM Inc. now owns 45,775 shares of the semiconductor company’s stock worth $3,863,000 after purchasing an additional 17,354 shares in the last quarter. Quantbot Technologies LP raised its position in IPG Photonics by 57.7% in the third quarter. Quantbot Technologies LP now owns 23,253 shares of the semiconductor company’s stock worth $1,728,000 after purchasing an additional 8,507 shares in the last quarter. Finally, Systematic Financial Management LP raised its position in IPG Photonics by 8.2% in the third quarter. Systematic Financial Management LP now owns 123,902 shares of the semiconductor company’s stock worth $9,208,000 after purchasing an additional 9,405 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Trading Down 2.4 %

Shares of IPG Photonics stock opened at $76.34 on Wednesday. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of -22.00 and a beta of 0.96. IPG Photonics Co. has a 1-year low of $61.86 and a 1-year high of $111.11. The firm’s 50-day moving average price is $77.66 and its two-hundred day moving average price is $77.21.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. The business had revenue of $233.14 million for the quarter, compared to analysts’ expectations of $227.89 million. During the same period in the prior year, the firm earned $1.16 earnings per share. IPG Photonics’s revenue was down 22.6% compared to the same quarter last year. As a group, equities research analysts predict that IPG Photonics Co. will post 1.51 EPS for the current year.

Analysts Set New Price Targets

IPGP has been the subject of several recent research reports. Northcoast Research lowered shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Benchmark reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, IPG Photonics has an average rating of “Hold” and a consensus target price of $93.50.

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.