Massey Quick Simon & CO. LLC cut its stake in IPG Photonics Co. (NASDAQ:IPGP) by 58.8% in the 1st quarter, HoldingsChannel reports. The fund owned 175 shares of the semiconductor company’s stock after selling 250 shares during the quarter. Massey Quick Simon & CO. LLC’s holdings in IPG Photonics were worth $27,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in IPGP. Parnassus Investments CA lifted its stake in IPG Photonics by 100.0% in the fourth quarter. Parnassus Investments CA now owns 1,000,000 shares of the semiconductor company’s stock worth $113,290,000 after purchasing an additional 500,000 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in IPG Photonics by 4.0% in the fourth quarter. Eagle Asset Management Inc. now owns 719,444 shares of the semiconductor company’s stock worth $81,505,000 after purchasing an additional 27,622 shares during the last quarter. Norges Bank bought a new stake in IPG Photonics in the fourth quarter worth $68,325,000. Neuberger Berman Group LLC lifted its stake in IPG Photonics by 71.1% in the third quarter. Neuberger Berman Group LLC now owns 574,534 shares of the semiconductor company’s stock worth $89,668,000 after purchasing an additional 238,755 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in IPG Photonics by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 553,872 shares of the semiconductor company’s stock worth $62,654,000 after purchasing an additional 24,320 shares during the last quarter. Institutional investors own 67.33% of the company’s stock.

Several research firms have weighed in on IPGP. BidaskClub raised shares of IPG Photonics from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th. Northcoast Research downgraded shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 13th. TheStreet downgraded shares of IPG Photonics from a “b-” rating to a “c+” rating in a research note on Friday, December 28th. Zacks Investment Research downgraded shares of IPG Photonics from a “hold” rating to a “strong sell” rating in a research note on Friday, February 15th. Finally, Cascend Securities began coverage on shares of IPG Photonics in a research note on Monday, February 11th. They issued a “buy” rating and a $160.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $190.91.

Shares of NASDAQ:IPGP opened at $173.76 on Thursday. The stock has a market cap of $9.24 billion, a PE ratio of 23.54, a PEG ratio of 3.97 and a beta of 1.84. The company has a quick ratio of 5.70, a current ratio of 7.35 and a debt-to-equity ratio of 0.02. IPG Photonics Co. has a 12 month low of $104.64 and a 12 month high of $261.77.

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

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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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