Baillie Gifford & Co. Sells 223 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Baillie Gifford & Co. lowered its stake in IPG Photonics Co. (NASDAQ:IPGP) by 0.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 326,135 shares of the semiconductor company’s stock after selling 223 shares during the period. Baillie Gifford & Co. owned 0.71% of IPG Photonics worth $29,577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in IPGP. VisionPoint Advisory Group LLC lifted its holdings in shares of IPG Photonics by 127.2% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 259 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 145 shares during the period. Benjamin F. Edwards & Company Inc. bought a new position in IPG Photonics in the 4th quarter worth $40,000. Disciplined Equity Management Inc. bought a new position in IPG Photonics in the 4th quarter worth $43,000. AM Squared Ltd raised its holdings in IPG Photonics by 200.0% during the fourth quarter. AM Squared Ltd now owns 600 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 400 shares during the period. Finally, Mather Group LLC. bought a new stake in IPG Photonics during the first quarter valued at about $67,000. Hedge funds and other institutional investors own 93.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on IPGP shares. Benchmark decreased their price target on IPG Photonics from $116.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a report on Wednesday, May 1st. Finally, Citigroup decreased their price target on IPG Photonics from $74.00 to $68.00 and set a “sell” rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, IPG Photonics presently has an average rating of “Moderate Buy” and an average price target of $110.40.

Insider Buying and Selling

In related news, Director Eric Meurice sold 788 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $89.30, for a total value of $70,368.40. Following the completion of the transaction, the director now owns 16,491 shares of the company’s stock, valued at $1,472,646.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 9,000 shares of IPG Photonics stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $85.86, for a total value of $772,740.00. Following the transaction, the insider now directly owns 7,200,599 shares of the company’s stock, valued at $618,243,430.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric Meurice sold 788 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $89.30, for a total transaction of $70,368.40. Following the sale, the director now directly owns 16,491 shares in the company, valued at $1,472,646.30. The disclosure for this sale can be found here. Insiders sold 10,773 shares of company stock valued at $927,030 over the last 90 days. Corporate insiders own 38.00% of the company’s stock.

IPG Photonics Trading Down 0.3 %

Shares of IPG Photonics stock traded down $0.22 on Friday, hitting $84.36. 309,371 shares of the company traded hands, compared to its average volume of 239,275. The stock’s 50 day moving average price is $85.90 and its 200-day moving average price is $91.20. IPG Photonics Co. has a 52 week low of $80.27 and a 52 week high of $141.85. The company has a market cap of $3.84 billion, a PE ratio of 21.74 and a beta of 1.01.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. IPG Photonics had a net margin of 15.34% and a return on equity of 7.67%. The firm had revenue of $252.00 million during the quarter, compared to the consensus estimate of $255.53 million. During the same quarter in the previous year, the firm posted $1.26 earnings per share. The company’s revenue was down 27.4% on a year-over-year basis. As a group, research analysts anticipate that IPG Photonics Co. will post 2.77 EPS for the current fiscal year.

IPG Photonics Company Profile

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; 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; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.