IPG Photonics Co. (NASDAQ:IPGP) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC reduced its holdings in IPG Photonics Co. (NASDAQ:IPGP) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,383 shares of the semiconductor company’s stock after selling 10,771 shares during the quarter. Cambiar Investors LLC owned approximately 0.23% of IPG Photonics worth $7,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in IPGP. Pacer Advisors Inc. increased its stake in IPG Photonics by 37.2% in the third quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company’s stock valued at $49,871,000 after purchasing an additional 181,844 shares during the last quarter. Retirement Systems of Alabama increased its stake in IPG Photonics by 437.2% in the fourth quarter. Retirement Systems of Alabama now owns 178,925 shares of the semiconductor company’s stock valued at $13,011,000 after purchasing an additional 145,616 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in IPG Photonics by 5.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,043 shares of the semiconductor company’s stock valued at $72,168,000 after purchasing an additional 54,166 shares during the last quarter. Chartwell Investment Partners LLC increased its stake in IPG Photonics by 135.4% during the third quarter. Chartwell Investment Partners LLC now owns 79,363 shares of the semiconductor company’s stock worth $5,899,000 after acquiring an additional 45,645 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN increased its stake in IPG Photonics by 8.9% during the third quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock worth $39,749,000 after acquiring an additional 43,874 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics Stock Down 2.2 %

Shares of NASDAQ IPGP opened at $67.40 on Tuesday. IPG Photonics Co. has a 1-year low of $61.86 and a 1-year high of $104.19. The business has a 50-day moving average of $74.27 and a 200-day moving average of $73.71.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Benchmark restated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Finally, Northcoast Research lowered IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, IPG Photonics currently has an average rating of “Hold” and a consensus price target 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.