11,960 Shares in IPG Photonics Corporation (IPGP) Acquired by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd acquired a new stake in shares of IPG Photonics Corporation (NASDAQ:IPGP) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 11,960 shares of the semiconductor company’s stock, valued at approximately $2,560,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in IPGP. Koshinski Asset Management Inc. purchased a new stake in IPG Photonics during the 4th quarter worth $1,047,000. Bank of Montreal Can boosted its position in IPG Photonics by 243.5% during the 4th quarter. Bank of Montreal Can now owns 37,529 shares of the semiconductor company’s stock worth $8,036,000 after purchasing an additional 26,605 shares during the period. Nisa Investment Advisors LLC boosted its position in IPG Photonics by 700.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,000 shares of the semiconductor company’s stock worth $857,000 after purchasing an additional 3,500 shares during the period. Dalton Greiner Hartman Maher & Co. boosted its position in IPG Photonics by 3.3% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 109,534 shares of the semiconductor company’s stock worth $23,455,000 after purchasing an additional 3,468 shares during the period. Finally, Aurora Investment Counsel purchased a new stake in IPG Photonics during the 4th quarter worth $219,000. 56.38% of the stock is owned by institutional investors.

IPGP has been the subject of a number of research reports. DA Davidson reaffirmed a “buy” rating and set a $220.00 price target on shares of IPG Photonics in a research report on Tuesday, October 10th. BidaskClub cut shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. ValuEngine cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target (up from $182.00) on shares of IPG Photonics in a research report on Friday, October 20th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. IPG Photonics has an average rating of “Buy” and a consensus target price of $180.33.

IPG Photonics Corporation (NASDAQ:IPGP) opened at $260.95 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.02 and a quick ratio of 7.46. The firm has a market cap of $13,955.68, a PE ratio of 38.43, a price-to-earnings-growth ratio of 2.84 and a beta of 1.71. IPG Photonics Corporation has a 12-month low of $98.05 and a 12-month high of $264.11.

IPG Photonics (NASDAQ:IPGP) last posted 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 company had revenue of $392.62 million during the quarter, compared to analysts’ expectations of $367.27 million. IPG Photonics had a net margin of 27.85% and a return on equity of 21.17%. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 EPS. equities research analysts predict that IPG Photonics Corporation will post 7.13 earnings per share for the current year.

In other IPG Photonics news, SVP Trevor Ness sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 22,906 shares of the company’s stock, valued at approximately $4,768,342.02. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Eugene A. Shcherbakov sold 9,500 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $256.56, for a total transaction of $2,437,320.00. Following the completion of the transaction, the senior vice president now directly owns 16,957 shares of the company’s stock, valued at $4,350,487.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,000 shares of company stock valued at $10,063,495. 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.

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

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