IPG Photonics Co. (IPGP) Stake Raised by Majedie Asset Management Ltd

Majedie Asset Management Ltd lifted its position in IPG Photonics Co. (NASDAQ:IPGP) by 10.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 10,926 shares of the semiconductor company’s stock after purchasing an additional 1,002 shares during the period. Majedie Asset Management Ltd’s holdings in IPG Photonics were worth $1,660,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Ipswich Investment Management Co. Inc. purchased a new stake in IPG Photonics in the fourth quarter valued at approximately $44,000. Stephens Inc. AR raised its stake in IPG Photonics by 89.4% in the first quarter. Stephens Inc. AR now owns 498 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 235 shares in the last quarter. CSat Investment Advisory L.P. raised its stake in IPG Photonics by 133.0% in the fourth quarter. CSat Investment Advisory L.P. now owns 508 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 290 shares in the last quarter. ETF Managers Group LLC raised its stake in IPG Photonics by 15.7% in the fourth quarter. ETF Managers Group LLC now owns 553 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 75 shares in the last quarter. Finally, First Hawaiian Bank raised its stake in IPG Photonics by 68.3% in the first quarter. First Hawaiian Bank now owns 673 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 273 shares in the last quarter. 67.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of IPGP stock traded down $4.65 during trading hours on Thursday, hitting $140.93. 4,188 shares of the company’s stock were exchanged, compared to its average volume of 474,295. The company has a market capitalization of $7.57 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 3.12 and a beta of 1.87. IPG Photonics Co. has a 12-month low of $104.64 and a 12-month high of $261.77. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.55 and a current ratio of 8.54.



IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.02). The business had revenue of $315.00 million for the quarter, compared to analysts’ expectations of $308.75 million. IPG Photonics had a return on equity of 16.09% and a net margin of 24.94%. The company’s revenue was down 12.5% compared to the same quarter last year. During the same period last year, the business posted $1.93 earnings per share. On average, research analysts predict that IPG Photonics Co. will post 5.78 EPS for the current year.

In other news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $162.59, for a total value of $1,625,900.00. Following the transaction, the insider now owns 7,555,999 shares in the company, valued at $1,228,529,877.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Igor Samartsev sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $172.10, for a total transaction of $137,680.00. The disclosure for this sale can be found here. Insiders have sold 15,825 shares of company stock worth $2,618,936 over the last three months. Insiders own 33.90% of the company’s stock.

IPGP has been the topic of a number of recent analyst reports. Susquehanna Bancshares set a $146.00 target price on shares of IPG Photonics and gave the company a “hold” rating in a research note on Thursday, February 14th. Bank of America raised shares of IPG Photonics from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Monday, April 22nd. ValuEngine raised shares of IPG Photonics from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $170.00 target price (up from $157.00) on shares of IPG Photonics in a research note on Wednesday, February 13th. Finally, TheStreet raised shares of IPG Photonics from a “c+” rating to a “b-” rating in a research note on Tuesday, February 26th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. IPG Photonics has an average rating of “Hold” and a consensus price target of $193.91.

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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.

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

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