IPG Photonics Corporation (IPGP) Shares Bought by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC grew its position in IPG Photonics Corporation (NASDAQ:IPGP) by 20.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,000 shares of the semiconductor company’s stock after acquiring an additional 1,000 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in IPG Photonics Corporation were worth $1,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of IPGP. Teacher Retirement System of Texas grew its stake in IPG Photonics Corporation by 1.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,015 shares of the semiconductor company’s stock worth $437,000 after buying an additional 33 shares during the last quarter. Advisory Services Network LLC grew its stake in IPG Photonics Corporation by 5.2% during the 2nd quarter. Advisory Services Network LLC now owns 1,813 shares of the semiconductor company’s stock worth $263,000 after buying an additional 90 shares during the last quarter. Utah Retirement Systems grew its stake in IPG Photonics Corporation by 1.6% during the 2nd quarter. Utah Retirement Systems now owns 6,540 shares of the semiconductor company’s stock worth $949,000 after buying an additional 100 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in IPG Photonics Corporation by 6.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,791 shares of the semiconductor company’s stock worth $259,000 after buying an additional 111 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in IPG Photonics Corporation by 2.2% during the 2nd quarter. Stifel Financial Corp now owns 5,268 shares of the semiconductor company’s stock worth $764,000 after acquiring an additional 114 shares during the period. Institutional investors and hedge funds own 57.12% of the company’s stock.

A number of research analysts have issued reports on the company. DA Davidson boosted their price target on IPG Photonics Corporation to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Needham & Company LLC boosted their price target on IPG Photonics Corporation from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. They noted that the move was a valuation call. Benchmark Co. reiterated a “buy” rating and set a $230.00 price target on shares of IPG Photonics Corporation in a research report on Wednesday, November 1st. Zacks Investment Research upgraded IPG Photonics Corporation from a “hold” rating to a “strong-buy” rating and set a $240.00 price target for the company in a research report on Friday, October 27th. Finally, ValuEngine lowered IPG Photonics Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. IPG Photonics Corporation presently has a consensus rating of “Buy” and a consensus price target of $180.33.

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In other news, SVP Eugene A. Shcherbakov sold 9,500 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $198.79, for a total transaction of $1,888,505.00. Following the completion of the sale, the senior vice president now directly owns 16,957 shares of the company’s stock, valued at $3,370,882.03. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William S. Hurley sold 8,167 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $165.42, for a total value of $1,350,985.14. Following the sale, the director now directly owns 12,672 shares of the company’s stock, valued at $2,096,202.24. The disclosure for this sale can be found here. Corporate insiders own 33.80% of the company’s stock.

Shares of IPG Photonics Corporation (NASDAQ IPGP) traded up $5.78 during trading on Wednesday, hitting $246.28. The stock had a trading volume of 467,800 shares, compared to its average volume of 326,551. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.46 and a current ratio of 9.02. The firm has a market capitalization of $12,894.62, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 1.75 and a beta of 1.68. IPG Photonics Corporation has a twelve month low of $93.38 and a twelve month high of $247.49.

IPG Photonics Corporation (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.32. The business had revenue of $392.62 million during the quarter, compared to analyst estimates of $367.27 million. IPG Photonics Corporation had a return on equity of 21.17% and a net margin of 27.85%. The company’s revenue was up 47.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 earnings per share. equities research analysts expect that IPG Photonics Corporation will post 7.01 EPS for the current year.

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

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