Delaney Dennis R Takes $276,000 Position in IPG Photonics Co. (IPGP)

Delaney Dennis R bought a new stake in IPG Photonics Co. (NASDAQ:IPGP) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,285 shares of the semiconductor company’s stock, valued at approximately $276,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Advisory Services Network LLC grew its stake in IPG Photonics by 5.2% in the second quarter. Advisory Services Network LLC now owns 1,813 shares of the semiconductor company’s stock valued at $263,000 after purchasing an additional 90 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in IPG Photonics by 6.6% in the second quarter. PNC Financial Services Group Inc. now owns 1,791 shares of the semiconductor company’s stock valued at $259,000 after purchasing an additional 111 shares in the last quarter. Stifel Financial Corp grew its stake in IPG Photonics by 2.2% in the second quarter. Stifel Financial Corp now owns 5,268 shares of the semiconductor company’s stock valued at $764,000 after purchasing an additional 114 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in IPG Photonics by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 11,245 shares of the semiconductor company’s stock valued at $1,632,000 after purchasing an additional 202 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in IPG Photonics by 1.6% in the second quarter. Voya Investment Management LLC now owns 13,853 shares of the semiconductor company’s stock valued at $2,010,000 after purchasing an additional 220 shares in the last quarter. 56.02% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the company. Northcoast Research restated a “buy” rating and issued a $290.00 price target on shares of IPG Photonics in a research note on Wednesday, January 31st. Needham & Company LLC raised their price target on IPG Photonics from $230.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. BidaskClub upgraded 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 note on Tuesday, January 2nd. Finally, ValuEngine downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $196.30.

Shares of IPG Photonics Co. (IPGP) traded up $6.96 during midday trading on Tuesday, hitting $239.40. The stock had a trading volume of 323,600 shares, compared to its average volume of 490,949. 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 one year low of $111.51 and a one year high of $264.11. The company has a market cap of $12,462.47, a P/E ratio of 35.26, a P/E/G ratio of 2.54 and a beta of 1.88.

In related news, insider Igor Samartsev sold 8,000 shares of IPG Photonics stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Trevor Ness sold 10,000 shares of IPG Photonics stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 22,906 shares of the company’s stock, valued at $4,768,342.02. The disclosure for this sale can be found here. Insiders have sold a total of 49,500 shares of company stock valued at $11,979,620 over the last quarter. 33.80% of the stock is currently owned by corporate insiders.

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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.

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

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