Gotham Asset Management LLC increased its holdings in IPG Photonics Co. (NASDAQ:IPGP) by 559.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,968 shares of the semiconductor company’s stock after buying an additional 40,694 shares during the quarter. Gotham Asset Management LLC owned 0.09% of IPG Photonics worth $10,271,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Public Employees Retirement Association of Colorado boosted its holdings in shares of IPG Photonics by 3.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 7,529 shares of the semiconductor company’s stock worth $1,612,000 after buying an additional 228 shares during the last quarter. Tocqueville Asset Management L.P. boosted its holdings in shares of IPG Photonics by 5.0% in the fourth quarter. Tocqueville Asset Management L.P. now owns 5,250 shares of the semiconductor company’s stock worth $1,124,000 after buying an additional 250 shares during the last quarter. MUFG Americas Holdings Corp boosted its holdings in shares of IPG Photonics by 122.5% in the fourth quarter. MUFG Americas Holdings Corp now owns 485 shares of the semiconductor company’s stock worth $104,000 after buying an additional 267 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of IPG Photonics by 0.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 30,644 shares of the semiconductor company’s stock worth $6,562,000 after buying an additional 272 shares during the last quarter. Finally, Fernwood Investment Management LLC boosted its holdings in shares of IPG Photonics by 6.5% in the fourth quarter. Fernwood Investment Management LLC now owns 4,695 shares of the semiconductor company’s stock worth $1,005,000 after buying an additional 285 shares during the last quarter. 57.08% of the stock is currently owned by institutional investors.

How to Become a New Pot Stock Millionaire

A number of research firms recently issued reports on IPGP. Zacks Investment Research downgraded shares of IPG Photonics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Needham & Company LLC raised their price objective on shares of IPG Photonics from $230.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Northcoast Research reissued a “buy” rating and issued a $290.00 price objective on shares of IPG Photonics in a report on Wednesday, January 31st. BidaskClub cut shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Finally, ValuEngine cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. IPG Photonics has a consensus rating of “Buy” and an average price target of $213.60.

Shares of IPG Photonics Co. (NASDAQ:IPGP) opened at $239.73 on Friday. IPG Photonics Co. has a one year low of $116.82 and a one year high of $264.11. The company has a market cap of $13,572.41, a P/E ratio of 34.58, a price-to-earnings-growth ratio of 2.50 and a beta of 1.84. The company has a current ratio of 8.82, a quick ratio of 7.27 and a debt-to-equity ratio of 0.02.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Friday, February 16th. The semiconductor company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.14. IPG Photonics had a net margin of 24.67% and a return on equity of 21.29%. The company had revenue of $361.10 million for the quarter, compared to analysts’ expectations of $345.63 million. During the same quarter last year, the business earned $1.39 EPS. The firm’s revenue was up 28.9% compared to the same quarter last year. equities analysts forecast that IPG Photonics Co. will post 8.37 earnings per share for the current year.

In other news, Director William S. Hurley sold 3,500 shares of IPG Photonics stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $255.93, for a total transaction of $895,755.00. Following the sale, the director now owns 14,505 shares in the company, valued at $3,712,264.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Timothy Pv Mammen sold 2,500 shares of IPG Photonics stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $261.53, for a total transaction of $653,825.00. Following the sale, the chief financial officer now owns 33,600 shares in the company, valued at approximately $8,787,408. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,500 shares of company stock worth $15,095,172. 33.80% of the stock is owned by company insiders.

ILLEGAL ACTIVITY WARNING: This article was originally published by Watch List News and is the property of of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://www.watchlistnews.com/gotham-asset-management-llc-boosts-position-in-ipg-photonics-co-ipgp/1959778.html.

IPG Photonics 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.

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.