Janus Henderson Group PLC boosted its holdings in IPG Photonics Corporation (NASDAQ:IPGP) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,106 shares of the semiconductor company’s stock after acquiring an additional 3,841 shares during the quarter. Janus Henderson Group PLC owned 0.36% of IPG Photonics worth $35,905,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of IPG Photonics by 4.1% during the 2nd quarter. BlackRock Inc. now owns 3,078,662 shares of the semiconductor company’s stock worth $446,714,000 after acquiring an additional 121,338 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of IPG Photonics by 8.8% in the second quarter. Vanguard Group Inc. now owns 3,054,060 shares of the semiconductor company’s stock worth $443,143,000 after buying an additional 245,876 shares during the period. Harding Loevner LP boosted its position in shares of IPG Photonics by 86.6% in the third quarter. Harding Loevner LP now owns 2,825,425 shares of the semiconductor company’s stock worth $167,055,000 after buying an additional 1,311,384 shares during the period. State Street Corp boosted its position in shares of IPG Photonics by 2.1% in the second quarter. State Street Corp now owns 955,383 shares of the semiconductor company’s stock worth $138,633,000 after buying an additional 19,973 shares during the period. Finally, Eagle Asset Management Inc. boosted its position in shares of IPG Photonics by 5.3% in the second quarter. Eagle Asset Management Inc. now owns 759,708 shares of the semiconductor company’s stock worth $110,233,000 after buying an additional 37,918 shares during the period. Hedge funds and other institutional investors own 56.38% of the company’s stock.
A number of research firms recently issued reports on IPGP. Zacks Investment Research cut IPG Photonics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. DA Davidson lifted their price objective on IPG Photonics to $235.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Needham & Company LLC lifted their price objective on IPG Photonics from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. ValuEngine lowered IPG Photonics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Benchmark restated a “buy” rating and set a $230.00 price target on shares of IPG Photonics in a research note on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $180.33.
IPG Photonics Corporation (NASDAQ:IPGP) traded up $3.80 during mid-day trading on Thursday, reaching $258.33. 445,966 shares of the company traded hands, compared to its average volume of 706,586. The company has a market cap of $13,900.00, a PE ratio of 37.99, a PEG ratio of 2.65 and a beta of 1.71. IPG Photonics Corporation has a 1 year low of $97.03 and a 1 year high of $260.33. The company has a quick ratio of 7.46, a current ratio of 9.02 and a debt-to-equity ratio of 0.02.
IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.79 by $0.32. IPG Photonics had a net margin of 27.85% and a return on equity of 21.17%. The company had revenue of $392.62 million during the quarter, compared to analysts’ expectations of $367.27 million. During the same quarter in the previous year, the company posted $1.29 EPS. The business’s revenue for the quarter was up 47.6% compared to the same quarter last year. equities research analysts anticipate that IPG Photonics Corporation will post 7.13 earnings per share for the current year.
In related news, SVP Eugene A. Shcherbakov sold 9,500 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $256.56, for a total value of $2,437,320.00. Following the completion of the sale, the senior vice president now directly owns 16,957 shares in the company, valued at approximately $4,350,487.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Trevor Ness sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $208.17, for a total transaction of $2,081,700.00. Following the completion of the sale, the senior vice president now owns 22,906 shares of the company’s stock, valued at $4,768,342.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,000 shares of company stock valued at $8,180,245. 33.80% of the stock is owned by corporate insiders.
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About IPG Photonics
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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