First Trust Advisors LP boosted its stake in shares of IPG Photonics Co. (NASDAQ:IPGP) by 76.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,503 shares of the semiconductor company’s stock after buying an additional 91,296 shares during the period. First Trust Advisors LP’s holdings in IPG Photonics were worth $45,075,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Harding Loevner LP increased its position in IPG Photonics by 86.6% during the 3rd quarter. Harding Loevner LP now owns 2,825,425 shares of the semiconductor company’s stock valued at $167,055,000 after buying an additional 1,311,384 shares in the last quarter. State Street Corp increased its position in IPG Photonics by 2.1% during the 2nd quarter. State Street Corp now owns 955,383 shares of the semiconductor company’s stock valued at $138,633,000 after buying an additional 19,973 shares in the last quarter. BRILLIANCE ASSET MANAGEMENT Ltd increased its position in IPG Photonics by 14.2% during the 4th quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 607,405 shares of the semiconductor company’s stock valued at $130,064,000 after buying an additional 75,594 shares in the last quarter. JPMorgan Chase & Co. increased its position in IPG Photonics by 41.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 462,817 shares of the semiconductor company’s stock valued at $85,010,000 after buying an additional 136,082 shares in the last quarter. Finally, Jackson Square Partners LLC bought a new position in IPG Photonics during the 3rd quarter valued at approximately $85,354,000. 56.02% of the stock is owned by institutional investors.
Shares of IPG Photonics Co. (NASDAQ:IPGP) opened at $239.36 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.46 and a current ratio of 9.02. IPG Photonics Co. has a 52 week low of $116.02 and a 52 week high of $264.11. The company has a market capitalization of $12,833.53, a price-to-earnings ratio of 37.64, a price-to-earnings-growth ratio of 2.62 and a beta of 1.88.
IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Friday, February 16th. The semiconductor company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.72 by $0.14. IPG Photonics had a return on equity of 21.17% and a net margin of 27.85%. The business had revenue of $361.10 million for the quarter, compared to the consensus estimate of $345.63 million. During the same period last year, the business posted $1.39 EPS. The company’s revenue was up 28.9% compared to the same quarter last year. equities research analysts anticipate that IPG Photonics Co. will post 7.63 earnings per share for the current year.
In other IPG Photonics news, SVP Trevor Ness sold 10,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $208.17, for a total transaction of $2,081,700.00. Following the sale, the senior vice president now directly owns 22,906 shares in the company, valued at approximately $4,768,342.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Igor Samartsev sold 8,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $221.59, for a total value of $1,772,720.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,500 shares of company stock worth $11,979,620. Company insiders own 33.80% of the company’s stock.
A number of research firms recently weighed in on IPGP. Northcoast Research reaffirmed a “buy” rating and set a $290.00 price objective on shares of IPG Photonics in a research report on Wednesday, January 31st. Needham & Company LLC raised their price objective on IPG Photonics from $230.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. BidaskClub raised IPG Photonics from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. Zacks Investment Research lowered IPG Photonics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, ValuEngine lowered IPG Photonics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. IPG Photonics presently has an average rating of “Buy” and an average target price of $196.30.
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IPG Photonics Profile
IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.
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