IPG Photonics Co. (NASDAQ:IPGP) Shares Acquired by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI increased its position in IPG Photonics Co. (NASDAQ:IPGP) by 10.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,752 shares of the semiconductor company’s stock after purchasing an additional 7,009 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI owned 0.17% of IPG Photonics worth $5,704,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in shares of IPG Photonics in the 1st quarter worth approximately $52,000. Mather Group LLC. acquired a new position in IPG Photonics in the first quarter worth $67,000. Innealta Capital LLC bought a new stake in IPG Photonics during the second quarter valued at $85,000. Covestor Ltd raised its holdings in shares of IPG Photonics by 94.2% during the first quarter. Covestor Ltd now owns 1,728 shares of the semiconductor company’s stock worth $157,000 after purchasing an additional 838 shares during the period. Finally, EntryPoint Capital LLC lifted its position in shares of IPG Photonics by 97.6% in the 1st quarter. EntryPoint Capital LLC now owns 1,964 shares of the semiconductor company’s stock worth $178,000 after buying an additional 970 shares during the last quarter. 93.79% of the stock is owned by institutional investors.

IPG Photonics Trading Up 0.3 %

IPGP opened at $75.59 on Friday. IPG Photonics Co. has a twelve month low of $61.86 and a twelve month high of $111.11. The stock has a market cap of $3.44 billion, a PE ratio of 19.48 and a beta of 1.00. The business’s 50 day moving average is $70.06 and its 200-day moving average is $79.80.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The business had revenue of $257.60 million for the quarter, compared to analyst estimates of $259.31 million. IPG Photonics had a return on equity of 5.99% and a net margin of 12.67%. The company’s revenue was down 24.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 EPS. As a group, analysts forecast that IPG Photonics Co. will post 1.38 EPS for the current year.

Analyst Upgrades and Downgrades

IPGP has been the subject of a number of recent research reports. Raymond James lowered their price objective on shares of IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating for the company in a research report on Wednesday, July 31st. Stifel Nicolaus cut their price target on IPG Photonics from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, Benchmark downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research note 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 data from MarketBeat, IPG Photonics presently has a consensus rating of “Hold” and an average target price of $93.50.

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.