IPG Photonics Corporation (IPGP) Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. lifted its holdings in IPG Photonics Corporation (NASDAQ:IPGP) by 14.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,629 shares of the semiconductor company’s stock after purchasing an additional 582 shares during the period. Alps Advisors Inc.’s holdings in IPG Photonics Corporation were worth $857,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. BlackRock Inc. lifted its stake in shares of IPG Photonics Corporation by 4.1% in the 2nd quarter. BlackRock Inc. now owns 3,078,662 shares of the semiconductor company’s stock worth $446,714,000 after purchasing an additional 121,338 shares during the period. Vanguard Group Inc. lifted its stake in shares of IPG Photonics Corporation by 8.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,054,060 shares of the semiconductor company’s stock worth $443,143,000 after purchasing an additional 245,876 shares during the period. State Street Corp lifted its stake in shares of IPG Photonics Corporation by 2.1% in the 2nd quarter. State Street Corp now owns 955,383 shares of the semiconductor company’s stock worth $138,633,000 after purchasing an additional 19,973 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of IPG Photonics Corporation by 5.3% in the 2nd quarter. Eagle Asset Management Inc. now owns 759,708 shares of the semiconductor company’s stock worth $110,233,000 after purchasing an additional 37,918 shares during the period. Finally, Congress Asset Management Co. MA lifted its stake in shares of IPG Photonics Corporation by 4.0% in the 2nd quarter. Congress Asset Management Co. MA now owns 607,562 shares of the semiconductor company’s stock worth $88,157,000 after purchasing an additional 23,315 shares during the period. Hedge funds and other institutional investors own 58.14% of the company’s stock.

IPGP has been the topic of several recent research reports. DA Davidson reiterated a “buy” rating and issued a $220.00 price objective on shares of IPG Photonics Corporation in a research note on Tuesday, October 10th. ValuEngine cut shares of IPG Photonics Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research cut shares of IPG Photonics Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Stifel Nicolaus reiterated a “hold” rating and issued a $170.00 price objective (up previously from $165.00) on shares of IPG Photonics Corporation in a research note on Friday, September 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price (up from $182.00) on shares of IPG Photonics Corporation in a report on Friday, October 20th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. IPG Photonics Corporation currently has an average rating of “Buy” and an average price target of $180.33.

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IPG Photonics Corporation (IPGP) opened at $224.69 on Tuesday. The company has a current ratio of 9.02, a quick ratio of 7.46 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $11,984.76, a P/E ratio of 32.92, a PEG ratio of 1.64 and a beta of 1.68. IPG Photonics Corporation has a 52-week low of $93.38 and a 52-week high of $225.55.

IPG Photonics Corporation (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.32. The company had revenue of $392.62 million during the quarter, compared to the consensus estimate of $367.27 million. IPG Photonics Corporation had a return on equity of 21.17% and a net margin of 27.85%. IPG Photonics Corporation’s revenue was up 47.6% on a year-over-year basis. During the same period last year, the company earned $1.29 earnings per share. sell-side analysts predict that IPG Photonics Corporation will post 6.95 earnings per share for the current fiscal year.

In related news, Director William S. Hurley sold 8,167 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $165.42, for a total value of $1,350,985.14. Following the completion of the sale, the director now directly owns 12,672 shares in the company, valued at $2,096,202.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Eugene A. Shcherbakov sold 9,500 shares of IPG Photonics Corporation stock in a transaction on Monday, October 16th. The stock was sold at an average price of $198.79, for a total value of $1,888,505.00. Following the sale, the senior vice president now owns 16,957 shares of the company’s stock, valued at $3,370,882.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,267 shares of company stock valued at $5,176,458. 33.80% of the stock is owned by corporate insiders.

IPG Photonics Corporation Company 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.

Institutional Ownership by Quarter for IPG Photonics Corporation (NASDAQ:IPGP)

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