Calton & Associates Inc. acquired a new position in IPG Photonics Co. (NASDAQ:IPGP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,885 shares of the semiconductor company’s stock, valued at approximately $496,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in IPGP. Strs Ohio purchased a new position in IPG Photonics in the 4th quarter worth approximately $101,000. Bollard Group LLC raised its holdings in IPG Photonics by 145.5% in the 4th quarter. Bollard Group LLC now owns 491 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 291 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in IPG Photonics in the 4th quarter worth approximately $128,000. C M Bidwell & Associates Ltd. raised its holdings in IPG Photonics by 114.3% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 600 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 320 shares during the last quarter. Finally, Advantage Investment Management LLC raised its holdings in IPG Photonics by 366.5% in the 3rd quarter. Advantage Investment Management LLC now owns 933 shares of the semiconductor company’s stock worth $173,000 after acquiring an additional 733 shares during the last quarter. Institutional investors own 56.02% of the company’s stock.
In other IPG Photonics news, SVP Trevor Ness sold 10,000 shares of the 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 transaction, the senior vice president now owns 22,906 shares of the company’s stock, valued at approximately $4,768,342.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Timothy Pv Mammen sold 2,500 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $261.53, for a total transaction of $653,825.00. Following the transaction, the chief financial officer now directly owns 33,600 shares of the company’s stock, valued at approximately $8,787,408. The disclosure for this sale can be found here. Insiders sold a total of 49,500 shares of company stock valued at $11,979,620 in the last ninety days. 33.80% of the stock is currently owned by insiders.
A number of equities analysts recently weighed in on IPGP shares. BidaskClub lowered shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Zacks Investment Research lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 target price (up from $182.00) on shares of IPG Photonics in a research note on Friday, October 20th. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of IPG Photonics in a research note on Wednesday, November 1st. Finally, ValuEngine lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $196.30.
Shares of IPG Photonics Co. (NASDAQ IPGP) traded up $4.30 during mid-day trading on Wednesday, hitting $243.70. 255,800 shares of the stock were exchanged, compared to its average volume of 483,356. The company has a market cap of $13,360.00, a P/E ratio of 36.63, a price-to-earnings-growth ratio of 2.62 and a beta of 1.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.46 and a current ratio of 9.02. IPG Photonics Co. has a 12-month low of $116.02 and a 12-month high of $264.11.
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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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