Scout Investments Inc. Sells 138,748 Shares of IPG Photonics Co. (IPGP)

Scout Investments Inc. trimmed its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 77.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,197 shares of the semiconductor company’s stock after selling 138,748 shares during the quarter. Scout Investments Inc. owned approximately 0.08% of IPG Photonics worth $4,554,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in shares of IPG Photonics by 11.2% during the 4th quarter. State of Alaska Department of Revenue now owns 10,307 shares of the semiconductor company’s stock valued at $1,166,000 after purchasing an additional 1,041 shares in the last quarter. Retirement Systems of Alabama increased its holdings in shares of IPG Photonics by 8.5% during the 4th quarter. Retirement Systems of Alabama now owns 57,765 shares of the semiconductor company’s stock valued at $6,544,000 after purchasing an additional 4,504 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in shares of IPG Photonics during the 3rd quarter valued at approximately $552,000. Marshall Wace LLP purchased a new position in shares of IPG Photonics during the 3rd quarter valued at approximately $620,000. Finally, Clearbridge Investments LLC increased its holdings in shares of IPG Photonics by 3.2% during the 3rd quarter. Clearbridge Investments LLC now owns 468,414 shares of the semiconductor company’s stock valued at $73,105,000 after purchasing an additional 14,346 shares in the last quarter. 58.58% of the stock is owned by hedge funds and other institutional investors.

In other news, CAO Thomas J. Burgomaster sold 294 shares of the company’s stock in a transaction on Sunday, December 2nd. The shares were sold at an average price of $93.70, for a total transaction of $27,547.80. Following the completion of the sale, the chief accounting officer now owns 6,037 shares of the company’s stock, valued at $565,666.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas J. Burgomaster sold 637 shares of the company’s stock in a transaction on Sunday, November 11th. The stock was sold at an average price of $90.85, for a total transaction of $57,871.45. Following the sale, the chief accounting officer now directly owns 6,037 shares of the company’s stock, valued at approximately $548,461.45. The disclosure for this sale can be found here. In the last three months, insiders sold 1,131 shares of company stock valued at $103,915. 33.40% of the stock is owned by insiders.

Several equities analysts have recently weighed in on IPGP shares. Zacks Investment Research raised shares of IPG Photonics from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. UBS Group started coverage on shares of IPG Photonics in a report on Friday, November 30th. They set a “neutral” rating for the company. ValuEngine lowered shares of IPG Photonics from a “sell” rating to a “strong sell” rating in a report on Saturday, October 6th. Benchmark cut their price target on shares of IPG Photonics from $170.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Finally, BidaskClub lowered shares of IPG Photonics from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $205.67.

Shares of NASDAQ IPGP opened at $127.88 on Monday. The firm has a market capitalization of $6.74 billion, a P/E ratio of 17.61, a P/E/G ratio of 1.91 and a beta of 1.82. The company has a quick ratio of 6.81, a current ratio of 8.64 and a debt-to-equity ratio of 0.02. IPG Photonics Co. has a one year low of $104.64 and a one year high of $264.11.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, October 30th. The semiconductor company reported $1.84 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.01). The company had revenue of $356.35 million during the quarter, compared to analysts’ expectations of $355.48 million. IPG Photonics had a return on equity of 20.30% and a net margin of 25.58%. IPG Photonics’s revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 EPS. Equities research analysts expect that IPG Photonics Co. will post 7.41 earnings per share for the current year.

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About IPG Photonics

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)

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