Garrison Financial Corp raised its position in IPG Photonics Corporation (NASDAQ:IPGP) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,840 shares of the semiconductor company’s stock after buying an additional 120 shares during the period. IPG Photonics Corporation makes up about 1.8% of Garrison Financial Corp’s portfolio, making the stock its 23rd largest position. Garrison Financial Corp’s holdings in IPG Photonics Corporation were worth $3,024,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Rothschild Investment Corp IL bought a new position in IPG Photonics Corporation during the first quarter worth approximately $212,000. Huntington National Bank boosted its position in IPG Photonics Corporation by 3,188.5% in the first quarter. Huntington National Bank now owns 855 shares of the semiconductor company’s stock worth $103,000 after buying an additional 829 shares during the last quarter. Columbus Circle Investors bought a new position in IPG Photonics Corporation during the first quarter worth approximately $5,227,000. Capital Impact Advisors LLC boosted its position in IPG Photonics Corporation by 16.6% in the first quarter. Capital Impact Advisors LLC now owns 23,415 shares of the semiconductor company’s stock worth $2,827,000 after buying an additional 3,329 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its position in IPG Photonics Corporation by 92.9% in the first quarter. Conestoga Capital Advisors LLC now owns 12,875 shares of the semiconductor company’s stock worth $1,554,000 after buying an additional 6,200 shares during the last quarter. 60.23% of the stock is owned by institutional investors and hedge funds.

Shares of IPG Photonics Corporation (NASDAQ:IPGP) opened at 163.93 on Friday. IPG Photonics Corporation has a one year low of $80.52 and a one year high of $168.93. The company has a 50-day moving average of $153.92 and a 200 day moving average of $132.82. The firm has a market cap of $8.82 billion, a PE ratio of 27.45 and a beta of 1.70.

IPG Photonics Corporation (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.63 by $0.28. The firm had revenue of $369.37 million for the quarter, compared to analyst estimates of $333.06 million. IPG Photonics Corporation had a return on equity of 19.75% and a net margin of 26.84%. IPG Photonics Corporation’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. On average, equities research analysts expect that IPG Photonics Corporation will post $6.62 EPS for the current fiscal year.

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IPGP has been the topic of a number of recent analyst reports. Needham & Company LLC upped their target price on shares of IPG Photonics Corporation from $146.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, June 20th. Canaccord Genuity reaffirmed a “buy” rating and issued a $152.00 target price (up previously from $138.00) on shares of IPG Photonics Corporation in a research report on Friday, June 16th. Longbow Research raised shares of IPG Photonics Corporation from a “neutral” rating to a “buy” rating and set a $175.00 target price on the stock in a research report on Tuesday, June 6th. Zacks Investment Research raised shares of IPG Photonics Corporation from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research report on Thursday, May 4th. Finally, Dougherty & Co upped their target price on shares of IPG Photonics Corporation from $137.00 to $157.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $141.00.

In other IPG Photonics Corporation news, Director Thomas J. Seifert sold 2,849 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $141.47, for a total value of $403,048.03. Following the transaction, the director now directly owns 9,180 shares of the company’s stock, valued at approximately $1,298,694.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Angelo P. Lopresti sold 11,750 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $163.33, for a total value of $1,919,127.50. Following the completion of the transaction, the senior vice president now directly owns 49,515 shares in the company, valued at $8,087,284.95. The disclosure for this sale can be found here. Insiders have sold a total of 50,099 shares of company stock worth $7,914,306 over the last three months. 34.20% of the stock is currently owned by corporate insiders.

IPG Photonics Corporation 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 Corporation (NASDAQ:IPGP)

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