American Trust Investment Advisors LLC decreased its stake in shares of IPG Photonics Co. (NASDAQ:IPGP) by 12.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,335 shares of the semiconductor company’s stock after selling 1,420 shares during the quarter. IPG Photonics accounts for 1.7% of American Trust Investment Advisors LLC’s portfolio, making the stock its 24th largest position. American Trust Investment Advisors LLC’s holdings in IPG Photonics were worth $2,213,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in shares of IPG Photonics by 6.6% in the second quarter. PNC Financial Services Group Inc. now owns 1,791 shares of the semiconductor company’s stock valued at $259,000 after purchasing an additional 111 shares during the period. Citigroup Inc. grew its position in shares of IPG Photonics by 33.7% in the second quarter. Citigroup Inc. now owns 2,036 shares of the semiconductor company’s stock valued at $296,000 after purchasing an additional 513 shares during the period. Northern Trust Corp grew its position in shares of IPG Photonics by 2.1% in the second quarter. Northern Trust Corp now owns 313,529 shares of the semiconductor company’s stock valued at $45,493,000 after purchasing an additional 6,419 shares during the period. Advisor Group Inc. grew its position in shares of IPG Photonics by 52.3% in the second quarter. Advisor Group Inc. now owns 2,453 shares of the semiconductor company’s stock valued at $356,000 after purchasing an additional 842 shares during the period. Finally, Virtu KCG Holdings LLC purchased a new stake in shares of IPG Photonics in the second quarter valued at $306,000. 56.29% of the stock is owned by institutional investors.

A number of equities research analysts have recently commented on IPGP shares. Zacks Investment Research downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research 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. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price (up previously from $182.00) on shares of IPG Photonics in a report on Friday, October 20th. DA Davidson reiterated a “buy” rating and issued a $220.00 target price on shares of IPG Photonics in a report on Tuesday, October 10th. Finally, BidaskClub upgraded IPG Photonics from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $196.30.

In other IPG Photonics news, SVP Eugene A. Shcherbakov sold 9,500 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $256.56, for a total transaction of $2,437,320.00. Following the transaction, the senior vice president now owns 16,957 shares in the company, valued at $4,350,487.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Trevor Ness sold 10,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $208.17, for a total value of $2,081,700.00. Following the transaction, the senior vice president now owns 22,906 shares in the company, valued at approximately $4,768,342.02. The disclosure for this sale can be found here. Insiders sold 49,500 shares of company stock worth $11,979,620 in the last quarter. 33.80% of the stock is owned by insiders.

IPG Photonics Co. (IPGP) opened at $234.24 on Tuesday. IPG Photonics Co. has a fifty-two week low of $111.51 and a fifty-two week high of $264.11. The firm has a market capitalization of $12,610.00, a price-to-earnings ratio of 34.45, a P/E/G ratio of 2.70 and a beta of 1.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.02 and a quick ratio of 7.46.

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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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