FNY Investment Advisers LLC Has $218,000 Holdings in IPG Photonics Co. (NASDAQ:IPGP)

FNY Investment Advisers LLC cut its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP) by 28.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,000 shares of the semiconductor company’s stock after selling 1,200 shares during the period. FNY Investment Advisers LLC’s holdings in IPG Photonics were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Covestor Ltd lifted its holdings in shares of IPG Photonics by 7.7% during the 3rd quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company’s stock valued at $139,000 after purchasing an additional 133 shares in the last quarter. FMR LLC raised its holdings in IPG Photonics by 10.4% during the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock worth $120,000 after buying an additional 153 shares during the period. Commonwealth Equity Services LLC lifted its stake in IPG Photonics by 4.2% in the second quarter. Commonwealth Equity Services LLC now owns 6,937 shares of the semiconductor company’s stock valued at $585,000 after buying an additional 278 shares in the last quarter. Assetmark Inc. boosted its holdings 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 valued at $99,000 after buying an additional 295 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of IPG Photonics by 56.7% in the fourth 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 period. 93.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IPGP has been the topic of several research reports. Northcoast Research cut 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 note on Wednesday, October 30th. Finally, Benchmark reaffirmed a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $93.50.

IPG Photonics Trading Up 0.8 %

NASDAQ:IPGP opened at $72.88 on Wednesday. IPG Photonics Co. has a 1-year low of $61.86 and a 1-year high of $104.19. The stock has a market cap of $3.15 billion, a P/E ratio of -21.00 and a beta of 0.96. The stock has a 50 day simple moving average of $76.25 and a 200 day simple moving average of $75.64.

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

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.