American Trust Investment Advisors LLC reduced its stake in IPG Photonics Co. (NASDAQ:IPGP) by 12.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,335 shares of the semiconductor company’s stock after selling 1,420 shares during the quarter. IPG Photonics comprises about 1.7% of American Trust Investment Advisors LLC’s portfolio, making the stock its 24th largest holding. American Trust Investment Advisors LLC’s holdings in IPG Photonics were worth $2,213,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently made changes to their positions in IPGP. Harding Loevner LP grew its stake in IPG Photonics by 86.6% in the 3rd quarter. Harding Loevner LP now owns 2,825,425 shares of the semiconductor company’s stock valued at $167,055,000 after acquiring an additional 1,311,384 shares during the period. State Street Corp raised its holdings in shares of IPG Photonics by 2.1% during the 2nd quarter. State Street Corp now owns 955,383 shares of the semiconductor company’s stock worth $138,633,000 after acquiring an additional 19,973 shares during the period. BRILLIANCE ASSET MANAGEMENT Ltd raised its holdings in IPG Photonics by 14.2% in the 4th quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 607,405 shares of the semiconductor company’s stock valued at $130,064,000 after buying an additional 75,594 shares during the period. JPMorgan Chase & Co. raised its holdings in IPG Photonics by 41.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 462,817 shares of the semiconductor company’s stock valued at $85,010,000 after buying an additional 136,082 shares during the period. Finally, Jackson Square Partners LLC purchased a new stake in IPG Photonics in the 3rd quarter valued at about $85,354,000. 56.02% of the stock is owned by hedge funds and other institutional investors.
IPG Photonics Co. (IPGP) traded up $6.96 during trading on Tuesday, hitting $239.40. The stock had a trading volume of 323,600 shares, compared to its average volume of 491,332. The stock has a market capitalization of $12,920.00, a PE ratio of 35.44, a PEG ratio of 2.54 and a beta of 1.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.02 and a quick ratio of 7.46. IPG Photonics Co. has a twelve month low of $111.51 and a twelve month high of $264.11.
In related news, insider Igor Samartsev sold 8,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $221.59, for a total transaction of $1,772,720.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Trevor Ness sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $208.17, for a total value of $2,081,700.00. Following the completion of the sale, the senior vice president now directly owns 22,906 shares in the company, valued at $4,768,342.02. The disclosure for this sale can be found here. Insiders sold 49,500 shares of company stock valued at $11,979,620 in the last quarter. 33.80% of the stock is currently owned by company insiders.
Several brokerages recently issued reports on IPGP. Northcoast Research restated a “buy” rating and issued a $290.00 price objective on shares of IPG Photonics in a report on Wednesday, January 31st. Needham & Company LLC boosted their price target on shares of IPG Photonics from $230.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. BidaskClub upgraded shares of IPG Photonics from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 5th. Zacks Investment Research downgraded IPG Photonics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, ValuEngine downgraded IPG Photonics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $196.30.
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IPG Photonics Company 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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