Alps Advisors Inc. decreased its holdings in IPG Photonics (NASDAQ:IPGP) by 52.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,881 shares of the semiconductor company’s stock after selling 2,085 shares during the quarter. Alps Advisors Inc.’s holdings in IPG Photonics were worth $439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in IPGP. BlackRock Inc. lifted its position in IPG Photonics by 20.1% in the 4th quarter. BlackRock Inc. now owns 3,874,614 shares of the semiconductor company’s stock valued at $829,672,000 after acquiring an additional 648,145 shares in the last quarter. Carillon Tower Advisers Inc. bought a new position in IPG Photonics in the 4th quarter valued at about $134,367,000. UBS Asset Management Americas Inc. lifted its position in IPG Photonics by 170.2% in the 4th quarter. UBS Asset Management Americas Inc. now owns 491,489 shares of the semiconductor company’s stock valued at $105,243,000 after acquiring an additional 309,611 shares in the last quarter. Deutsche Bank AG lifted its position in IPG Photonics by 157.7% in the 4th quarter. Deutsche Bank AG now owns 200,599 shares of the semiconductor company’s stock valued at $42,952,000 after acquiring an additional 122,759 shares in the last quarter. Finally, AXA lifted its position in IPG Photonics by 29.8% in the 4th quarter. AXA now owns 520,090 shares of the semiconductor company’s stock valued at $111,367,000 after acquiring an additional 119,316 shares in the last quarter. 56.06% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on IPGP shares. Northcoast Research reiterated a “buy” rating and issued a $290.00 price objective on shares of IPG Photonics in a research note on Wednesday, January 31st. Benchmark reiterated a “buy” rating and issued a $255.00 price objective (up previously from $230.00) on shares of IPG Photonics in a research note on Tuesday, February 20th. Needham & Company LLC increased their price objective on shares of IPG Photonics from $230.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Zacks Investment Research lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Tuesday, April 24th. Finally, Sanford C. Bernstein started coverage on shares of IPG Photonics in a research note on Wednesday, April 18th. They issued an “outperform” rating and a $294.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $238.50.

In other news, Director John R. Peeler sold 2,266 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $252.95, for a total transaction of $573,184.70. Following the completion of the sale, the director now owns 9,270 shares in the company, valued at approximately $2,344,846.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John R. Peeler sold 2,734 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $250.80, for a total transaction of $685,687.20. Following the sale, the director now owns 9,738 shares of the company’s stock, valued at approximately $2,442,290.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,255 shares of company stock valued at $15,234,504. 33.40% of the stock is currently owned by company insiders.

Shares of IPGP stock opened at $252.47 on Thursday. The company has a quick ratio of 7.71, a current ratio of 9.54 and a debt-to-equity ratio of 0.02. IPG Photonics has a 12-month low of $249.90 and a 12-month high of $252.71. The company has a market cap of $13.58 billion, a PE ratio of 34.78, a P/E/G ratio of 2.49 and a beta of 1.85.

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

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)

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