Sandler Capital Management Acquires 7,900 Shares of IPG Photonics Co. (IPGP)

Sandler Capital Management grew its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 60.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,900 shares of the semiconductor company’s stock after buying an additional 7,900 shares during the quarter. Sandler Capital Management’s holdings in IPG Photonics were worth $4,878,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of IPGP. Strs Ohio purchased a new stake in shares of IPG Photonics during the fourth quarter valued at approximately $101,000. Aperio Group LLC grew its holdings in shares of IPG Photonics by 46.7% during the fourth quarter. Aperio Group LLC now owns 11,353 shares of the semiconductor company’s stock valued at $2,431,000 after buying an additional 3,613 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of IPG Photonics by 3.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 7,529 shares of the semiconductor company’s stock valued at $1,612,000 after buying an additional 228 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of IPG Photonics by 15.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,392 shares of the semiconductor company’s stock valued at $1,155,000 after buying an additional 735 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of IPG Photonics by 229.0% during the fourth quarter. Teacher Retirement System of Texas now owns 10,236 shares of the semiconductor company’s stock valued at $2,192,000 after buying an additional 7,125 shares during the last quarter. Hedge funds and other institutional investors own 57.76% of the company’s stock.

IPGP stock traded down $2.89 on Friday, hitting $238.27. The company had a trading volume of 57,584 shares, compared to its average volume of 270,559. IPG Photonics Co. has a 12-month low of $136.62 and a 12-month high of $264.11. The company has a current ratio of 9.54, a quick ratio of 7.71 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $12.96 billion, a P/E ratio of 32.82, a P/E/G ratio of 2.37 and a beta of 1.91.



IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, May 1st. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.13. IPG Photonics had a net margin of 25.56% and a return on equity of 21.59%. The company had revenue of $359.90 million for the quarter, compared to analysts’ expectations of $346.35 million. During the same quarter last year, the company posted $1.38 earnings per share. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. equities analysts predict that IPG Photonics Co. will post 8.48 earnings per share for the current year.

In other IPG Photonics news, SVP Trevor Ness sold 6,000 shares of the stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $250.44, for a total value of $1,502,640.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Valentin Gapontsev Trust I sold 20,000 shares of the stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $233.73, for a total transaction of $4,674,600.00. The disclosure for this sale can be found here. Insiders sold 43,255 shares of company stock worth $10,528,512 in the last 90 days. 33.80% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently commented on IPGP shares. Sanford C. Bernstein started coverage on shares of IPG Photonics in a report on Wednesday, April 18th. They set an “outperform” rating and a $294.00 price target on the stock. BidaskClub cut shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 26th. ValuEngine upgraded shares of IPG Photonics from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Canaccord Genuity reiterated a “hold” rating and set a $235.00 price target on shares of IPG Photonics in a report on Tuesday, May 1st. Finally, Benchmark reiterated a “buy” rating and set a $255.00 price target (up previously from $230.00) on shares of IPG Photonics in a report on Tuesday, February 20th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. IPG Photonics currently has an average rating of “Buy” and a consensus price target of $274.00.

IPG Photonics Company Profile

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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

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