SRS Capital Advisors Inc. Buys 876 Shares of IPG Photonics Co. (NASDAQ:IPGP)

SRS Capital Advisors Inc. raised its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 463.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,065 shares of the semiconductor company’s stock after acquiring an additional 876 shares during the quarter. SRS Capital Advisors Inc.’s holdings in IPG Photonics were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of IPGP. Versant Capital Management Inc lifted its position in shares of IPG Photonics by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 345 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in IPG Photonics by 355.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 818 shares during the last quarter. KBC Group NV lifted its holdings in IPG Photonics by 50.6% during the third quarter. KBC Group NV now owns 1,086 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 365 shares during the last quarter. Assetmark Inc. increased its stake in shares of IPG Photonics by 28.3% in the third quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company’s stock worth $99,000 after purchasing an additional 295 shares in the last quarter. Finally, FMR LLC raised its position 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 valued at $120,000 after purchasing an additional 153 shares during the period. 93.79% of the stock is owned by hedge funds and other institutional investors.

IPG Photonics Price Performance

NASDAQ IPGP opened at $62.58 on Friday. The company’s 50 day simple moving average is $69.30 and its two-hundred day simple moving average is $72.49. IPG Photonics Co. has a 1 year low of $56.71 and a 1 year high of $92.21. The stock has a market capitalization of $2.66 billion, a PE ratio of -14.97 and a beta of 0.95.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts anticipate that IPG Photonics Co. will post 1.54 EPS for the current year.

Wall Street Analysts Forecast Growth

IPGP has been the subject of several analyst reports. Stifel Nicolaus cut their price objective on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Northcoast Research downgraded 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, Citigroup dropped their price objective on IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.75.

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.