Donald L. Hagan LLC Sells 509 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Donald L. Hagan LLC lowered its position in IPG Photonics Co. (NASDAQ:IPGP) by 14.6% in the third quarter, Holdings Channel.com reports. The fund owned 2,975 shares of the semiconductor company’s stock after selling 509 shares during the period. Donald L. Hagan LLC’s holdings in IPG Photonics were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of IPGP. Vanguard Group Inc. lifted its position in IPG Photonics by 0.4% in the first quarter. Vanguard Group Inc. now owns 3,056,642 shares of the semiconductor company’s stock worth $277,207,000 after purchasing an additional 11,830 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of IPG Photonics by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company’s stock worth $84,054,000 after acquiring an additional 125,958 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of IPG Photonics by 1.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 916,877 shares of the semiconductor company’s stock valued at $77,375,000 after acquiring an additional 11,548 shares in 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. Finally, Pacer Advisors Inc. lifted its stake in IPG Photonics by 58.7% during the second quarter. Pacer Advisors Inc. now owns 489,181 shares of the semiconductor company’s stock worth $41,282,000 after purchasing an additional 180,951 shares during the period. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Price Performance

Shares of NASDAQ:IPGP traded up $4.65 during midday trading on Wednesday, reaching $86.28. The company’s stock had a trading volume of 18,101 shares, compared to its average volume of 265,780. The business’s fifty day simple moving average is $72.59 and its 200-day simple moving average is $79.13. IPG Photonics Co. has a fifty-two week low of $61.86 and a fifty-two week high of $111.11. The company has a market capitalization of $3.73 billion, a P/E ratio of -23.52 and a beta of 0.98.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share 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 firm had revenue of $233.14 million during the quarter, compared to analysts’ expectations of $227.89 million. During the same quarter last year, the company posted $1.16 EPS. The company’s quarterly revenue was down 22.6% compared to the same quarter last year. On average, analysts forecast that IPG Photonics Co. will post 1.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on IPGP shares. Raymond James dropped their target price on IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating for the company in a report on Wednesday, July 31st. Benchmark restated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus cut their price target on shares of IPG Photonics from $115.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.