Alpha DNA Investment Management LLC Purchases New Stake in IPG Photonics Co. (NASDAQ:IPGP)

Alpha DNA Investment Management LLC purchased a new stake in IPG Photonics Co. (NASDAQ:IPGP) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,826 shares of the semiconductor company’s stock, valued at approximately $596,000.

Other large investors also recently bought and sold shares of the company. Shaker Investments LLC OH increased its holdings in shares of IPG Photonics by 77.8% in the first quarter. Shaker Investments LLC OH now owns 8,076 shares of the semiconductor company’s stock valued at $1,704,000 after purchasing an additional 3,534 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its position in IPG Photonics by 23.1% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 40,345 shares of the semiconductor company’s stock worth $9,028,000 after acquiring an additional 7,577 shares during the period. KBC Group NV grew its position in IPG Photonics by 45.1% in the fourth quarter. KBC Group NV now owns 47,543 shares of the semiconductor company’s stock worth $10,640,000 after acquiring an additional 14,788 shares during the period. Toronto Dominion Bank grew its position in IPG Photonics by 12.7% in the fourth quarter. Toronto Dominion Bank now owns 20,321 shares of the semiconductor company’s stock worth $4,547,000 after acquiring an additional 2,284 shares during the period. Finally, SG Americas Securities LLC grew its position in IPG Photonics by 4.9% in the fourth quarter. SG Americas Securities LLC now owns 2,121 shares of the semiconductor company’s stock worth $475,000 after acquiring an additional 99 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

IPG Photonics stock opened at $205.21 on Friday. IPG Photonics Co. has a 1-year low of $149.51 and a 1-year high of $262.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.54 and a current ratio of 10.26. The firm has a market capitalization of $10.99 billion, a PE ratio of 57.81 and a beta of 1.38. The company has a fifty day simple moving average of $211.27.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, May 4th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.17. IPG Photonics had a return on equity of 9.69% and a net margin of 14.75%. The company had revenue of $345.59 million for the quarter, compared to analysts’ expectations of $324.11 million. During the same period last year, the firm earned $0.68 earnings per share. IPG Photonics’s quarterly revenue was up 38.7% on a year-over-year basis. As a group, analysts anticipate that IPG Photonics Co. will post 5.45 earnings per share for the current year.

In related news, SVP Trevor Ness sold 2,938 shares of the firm’s stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of $225.10, for a total transaction of $661,343.80. Following the transaction, the senior vice president now owns 19,121 shares of the company’s stock, valued at $4,304,137.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Fibre Devices Ltd Ip sold 4,074 shares of the firm’s stock in a transaction dated Tuesday, June 1st. The stock was sold at an average price of $210.06, for a total value of $855,784.44. Following the transaction, the insider now directly owns 6,948,122 shares in the company, valued at approximately $1,459,522,507.32. The disclosure for this sale can be found here. Insiders have sold 45,837 shares of company stock worth $9,461,884 in the last quarter. Insiders own 32.90% of the company’s stock.

Several brokerages recently weighed in on IPGP. DA Davidson lowered their price objective on IPG Photonics from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, May 5th. Benchmark upgraded IPG Photonics from a “hold” rating to a “buy” rating and set a $230.00 price target for the company in a research report on Wednesday, May 5th. Canaccord Genuity raised their price target on IPG Photonics from $177.00 to $240.00 and gave the stock a “hold” rating in a research report on Monday, March 1st. Finally, Needham & Company LLC lowered their price target on IPG Photonics from $280.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, May 5th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $227.25.

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 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; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

Further Reading: Risk Tolerance and Your Investment Decisions

Want to see what other hedge funds are holding IPGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IPG Photonics Co. (NASDAQ:IPGP).

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

Receive News & Ratings for IPG Photonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics and related companies with MarketBeat.com's FREE daily email newsletter.