Moors & Cabot Inc. Grows Holdings in IPG Photonics Co. (IPGP)

Moors & Cabot Inc. raised its stake in IPG Photonics Co. (NASDAQ:IPGP) by 2.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,455 shares of the semiconductor company’s stock after buying an additional 295 shares during the period. Moors & Cabot Inc.’s holdings in IPG Photonics were worth $2,440,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in IPGP. Aperio Group LLC boosted its position in IPG Photonics by 46.7% in the 4th quarter. Aperio Group LLC now owns 11,353 shares of the semiconductor company’s stock valued at $2,431,000 after buying an additional 3,613 shares during the period. Teacher Retirement System of Texas lifted its position in shares of IPG Photonics by 229.0% in the 4th quarter. Teacher Retirement System of Texas now owns 10,236 shares of the semiconductor company’s stock worth $2,192,000 after purchasing an additional 7,125 shares during the period. California Public Employees Retirement System lifted its position in shares of IPG Photonics by 5.3% in the 4th quarter. California Public Employees Retirement System now owns 79,398 shares of the semiconductor company’s stock worth $17,001,000 after purchasing an additional 3,995 shares during the period. Daiwa Securities Group Inc. purchased a new stake in shares of IPG Photonics in the 4th quarter worth approximately $246,000. Finally, Swiss National Bank lifted its position in shares of IPG Photonics by 120.8% in the 4th quarter. Swiss National Bank now owns 138,900 shares of the semiconductor company’s stock worth $29,743,000 after purchasing an additional 76,001 shares during the period. 57.51% of the stock is owned by institutional investors.

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NASDAQ IPGP opened at $243.84 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.54 and a quick ratio of 7.71. The company has a market cap of $12.94 billion, a P/E ratio of 33.59, a PEG ratio of 2.37 and a beta of 1.91. IPG Photonics Co. has a 52 week low of $141.03 and a 52 week high of $264.11.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, May 1st. The semiconductor company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.80 by $0.13. The firm had revenue of $359.90 million during the quarter, compared to analyst estimates of $346.35 million. IPG Photonics had a net margin of 25.56% and a return on equity of 21.59%. IPG Photonics’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.38 EPS. research analysts forecast that IPG Photonics Co. will post 8.48 earnings per share for the current fiscal year.

In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 20,000 shares of the company’s stock in a transaction that occurred 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 document filed with the SEC, which is available at this hyperlink. Also, SVP Trevor Ness sold 6,000 shares of the company’s stock in a transaction that occurred 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 have sold 43,255 shares of company stock valued at $10,528,512. 33.40% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on IPGP shares. Canaccord Genuity upped their price target on shares of IPG Photonics from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Tuesday, February 20th. Benchmark reaffirmed a “buy” rating and issued a $255.00 price target (up previously from $230.00) on shares of IPG Photonics in a research report on Tuesday, February 20th. DA Davidson upped their price target on shares of IPG Photonics from $1.86 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Zacks Investment Research raised shares of IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $275.00 price target for the company in a research report on Thursday, February 22nd. Finally, ValuEngine raised shares of IPG Photonics from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $274.00.

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