IPG Photonics Co. (NASDAQ:IPGP) Holdings Lowered by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC reduced its position in IPG Photonics Co. (NASDAQ:IPGP) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,232 shares of the semiconductor company’s stock after selling 247 shares during the quarter. MetLife Investment Advisors LLC’s holdings in IPG Photonics were worth $1,159,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Ipswich Investment Management Co. Inc. purchased a new position in IPG Photonics during the fourth quarter valued at approximately $44,000. ETF Managers Group LLC increased its holdings in IPG Photonics by 15.7% during the fourth quarter. ETF Managers Group LLC now owns 553 shares of the semiconductor company’s stock valued at $63,000 after buying an additional 75 shares during the period. Rehmann Capital Advisory Group increased its holdings in IPG Photonics by 15,080.9% during the third quarter. Rehmann Capital Advisory Group now owns 16,699 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 16,589 shares during the period. Thornburg Investment Management Inc. acquired a new stake in IPG Photonics in the fourth quarter valued at approximately $135,000. Finally, Daiwa Securities Group Inc. boosted its stake in IPG Photonics by 9.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,341 shares of the semiconductor company’s stock valued at $152,000 after acquiring an additional 120 shares in the last quarter. 67.50% of the stock is currently owned by institutional investors.

Shares of IPG Photonics stock opened at $173.80 on Friday. IPG Photonics Co. has a 1 year low of $104.64 and a 1 year high of $261.77. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.35 and a quick ratio of 5.70. The firm has a market cap of $9.23 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 4.19 and a beta of 1.84.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, February 12th. The semiconductor company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.03). IPG Photonics had a net margin of 27.67% and a return on equity of 18.66%. The firm had revenue of $330.10 million during the quarter, compared to analysts’ expectations of $314.91 million. During the same period in the previous year, the firm posted $1.86 EPS. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. As a group, equities analysts anticipate that IPG Photonics Co. will post 5.79 earnings per share for the current fiscal year.

IPGP has been the subject of several recent analyst reports. TheStreet upgraded shares of IPG Photonics from a “c+” rating to a “b-” rating in a research note on Tuesday, February 26th. Benchmark restated a “buy” rating and issued a $165.00 target price on shares of IPG Photonics in a research note on Thursday, February 14th. Raymond James lowered their target price on shares of IPG Photonics from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, February 13th. DA Davidson lowered their target price on shares of IPG Photonics to $175.00 and set a “buy” rating for the company in a research note on Wednesday, February 13th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $170.00 price objective (up from $157.00) on shares of IPG Photonics in a research note on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $182.36.

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About IPG Photonics

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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Institutional Ownership by Quarter for IPG Photonics (NASDAQ:IPGP)

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