Vident Investment Advisory LLC boosted its stake in shares of IPG Photonics Co. (NASDAQ:IPGP) by 22.9% in the 4th quarter, Holdings Channel reports. The firm owned 157,911 shares of the semiconductor company’s stock after buying an additional 29,449 shares during the quarter. IPG Photonics makes up 1.5% of Vident Investment Advisory LLC’s holdings, making the stock its 4th largest holding. Vident Investment Advisory LLC’s holdings in IPG Photonics were worth $33,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in IPGP. Harding Loevner LP raised its stake 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 purchasing an additional 1,311,384 shares during the last quarter. BlackRock Inc. raised its stake in IPG Photonics by 20.1% during the 4th quarter. BlackRock Inc. now owns 3,874,614 shares of the semiconductor company’s stock valued at $829,672,000 after purchasing an additional 648,145 shares during the last quarter. Carillon Tower Advisers Inc. bought a new stake in IPG Photonics in the 4th quarter valued at $134,367,000. Jackson Square Partners LLC bought a new stake in IPG Photonics in the 3rd quarter valued at $85,354,000. Finally, BRILLIANCE ASSET MANAGEMENT Ltd increased its holdings in IPG Photonics by 142.5% in the 3rd quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 531,811 shares of the semiconductor company’s stock valued at $98,417,000 after buying an additional 312,467 shares during the period. Hedge funds and other institutional investors own 57.14% of the company’s stock.
Shares of IPG Photonics Co. (NASDAQ:IPGP) opened at $254.40 on Thursday. The firm has a market cap of $13,750.00, a PE ratio of 35.04, a PEG ratio of 2.54 and a beta of 1.84. The company has a quick ratio of 7.27, a current ratio of 8.82 and a debt-to-equity ratio of 0.02. IPG Photonics Co. has a fifty-two week low of $116.80 and a fifty-two week high of $264.11.
IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Friday, February 16th. The semiconductor company reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.14. The business had revenue of $361.10 million for the quarter, compared to the consensus estimate of $345.63 million. IPG Photonics had a net margin of 24.67% and a return on equity of 21.29%. The firm’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 EPS. research analysts expect that IPG Photonics Co. will post 8.37 earnings per share for the current year.
In related news, insider Igor Samartsev sold 8,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $221.59, for a total transaction of $1,772,720.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Eugene A. Shcherbakov sold 9,500 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $256.56, for a total transaction of $2,437,320.00. Following the transaction, the senior vice president now owns 16,957 shares in the company, valued at approximately $4,350,487.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,000 shares of company stock worth $14,199,417. 33.80% of the stock is owned by corporate insiders.
IPGP has been the topic of several analyst reports. Zacks Investment Research lowered shares of IPG Photonics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Northcoast Research reissued a “buy” rating and issued a $290.00 price target on shares of IPG Photonics in a report on Wednesday, January 31st. BidaskClub raised shares of IPG Photonics from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. Needham & Company LLC upped their target price on shares of IPG Photonics from $230.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $255.00 target price (up previously from $230.00) on shares of IPG Photonics in a report on Tuesday, February 20th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $213.60.
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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