Atlantic Trust Group LLC Takes $1.61 Million Position in IPG Photonics Corporation (IPGP)

Atlantic Trust Group LLC acquired a new stake in IPG Photonics Corporation (NASDAQ:IPGP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,695 shares of the semiconductor company’s stock, valued at approximately $1,609,000.

A number of other institutional investors have also made changes to their positions in the business. AXA grew its position in IPG Photonics by 31.0% in the 3rd quarter. AXA now owns 400,774 shares of the semiconductor company’s stock valued at $74,167,000 after acquiring an additional 94,837 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of IPG Photonics by 84.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 30,250 shares of the semiconductor company’s stock worth $5,598,000 after buying an additional 13,830 shares during the period. Moors & Cabot Inc. purchased a new stake in shares of IPG Photonics in the 3rd quarter worth $1,374,000. Belpointe Asset Management LLC purchased a new stake in shares of IPG Photonics in the 3rd quarter worth $1,114,000. Finally, Insight Capital Research & Management Inc. purchased a new stake in shares of IPG Photonics in the 3rd quarter worth $2,197,000. 56.38% of the stock is currently owned by institutional investors.

IPG Photonics Corporation (NASDAQ:IPGP) opened at $214.13 on Friday. The company has a quick ratio of 7.46, a current ratio of 9.02 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $11,540.82, a PE ratio of 31.54, a PEG ratio of 2.52 and a beta of 1.70. IPG Photonics Corporation has a 1-year low of $95.04 and a 1-year high of $248.23.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.32. The business had revenue of $392.62 million for the quarter, compared to analyst estimates of $367.27 million. IPG Photonics had a return on equity of 21.17% and a net margin of 27.85%. The company’s revenue was up 47.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 earnings per share. sell-side analysts anticipate that IPG Photonics Corporation will post 7.13 EPS for the current fiscal year.

In other IPG Photonics news, SVP Eugene A. Shcherbakov sold 9,500 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $198.79, for a total value of $1,888,505.00. Following the sale, the senior vice president now directly owns 16,957 shares of the company’s stock, valued at $3,370,882.03. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Trevor Ness sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were 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. 33.80% of the stock is owned by company insiders.

Several equities research analysts have weighed in on IPGP shares. Zacks Investment Research cut IPG Photonics from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of IPG Photonics in a report on Wednesday, November 1st. ValuEngine upgraded IPG Photonics from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective (up from $182.00) on shares of IPG Photonics in a research note on Friday, October 20th. Finally, DA Davidson restated a “buy” rating and set a $220.00 price objective on shares of IPG Photonics in a research note on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $180.33.

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

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