Vaughan Nelson Investment Management L.P. lowered its stake in shares of IPG Photonics Co. (NASDAQ:IPGP) by 0.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 127,555 shares of the semiconductor company’s stock after selling 1,205 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.24% of IPG Photonics worth $29,769,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in IPGP. BlackRock Inc. boosted its stake in IPG Photonics by 20.1% during the 4th quarter. BlackRock Inc. now owns 3,874,614 shares of the semiconductor company’s stock valued at $829,672,000 after purchasing an additional 648,145 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new position in shares of IPG Photonics in the 4th quarter worth approximately $134,367,000. UBS Asset Management Americas Inc. boosted its stake in shares of IPG Photonics by 170.2% in the 4th quarter. UBS Asset Management Americas Inc. now owns 491,489 shares of the semiconductor company’s stock worth $105,243,000 after buying an additional 309,611 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of IPG Photonics in the 1st quarter worth approximately $37,257,000. Finally, Deutsche Bank AG boosted its stake in shares of IPG Photonics by 157.7% in the 4th quarter. Deutsche Bank AG now owns 200,599 shares of the semiconductor company’s stock worth $42,952,000 after buying an additional 122,759 shares during the last quarter. Institutional investors and hedge funds own 57.16% of the company’s stock.
IPG Photonics stock opened at $248.17 on Friday. IPG Photonics Co. has a 12 month low of $136.60 and a 12 month high of $264.11. The company has a current ratio of 9.54, a quick ratio of 7.71 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $13.22 billion, a P/E ratio of 34.18, a PEG ratio of 2.42 and a beta of 1.85.
IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, May 1st. The semiconductor company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.80 by $0.13. IPG Photonics had a return on equity of 21.59% and a net margin of 25.56%. The business had revenue of $359.90 million for the quarter, compared to the consensus estimate of $346.35 million. During the same quarter in the prior year, the business earned $1.38 earnings per share. IPG Photonics’s revenue for the quarter was up 25.9% on a year-over-year basis. analysts predict that IPG Photonics Co. will post 8.48 earnings per share for the current year.
In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 20,000 shares of the business’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $233.73, for a total transaction of $4,674,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Trevor Ness sold 6,000 shares of the business’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $250.44, for a total transaction of $1,502,640.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,255 shares of company stock worth $15,725,764. 33.80% of the stock is owned by company insiders.
A number of equities analysts have recently weighed in on the company. BidaskClub upgraded IPG Photonics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 12th. Sanford C. Bernstein assumed coverage on IPG Photonics in a research note on Wednesday, April 18th. They issued an “outperform” rating and a $294.00 target price on the stock. Zacks Investment Research downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research note on Tuesday, April 24th. ValuEngine upgraded IPG Photonics from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Finally, Benchmark restated a “buy” rating and issued a $262.00 target price on shares of IPG Photonics in a research note on Monday. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. IPG Photonics presently has an average rating of “Buy” and a consensus price target of $239.10.
IPG Photonics Profile
IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.
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