Alps Advisors Inc. raised its position in IPG Photonics Co. (NASDAQ:IPGP) by 110.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,966 shares of the semiconductor company’s stock after acquiring an additional 2,085 shares during the period. Alps Advisors Inc.’s holdings in IPG Photonics were worth $849,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IPGP. C M Bidwell & Associates Ltd. increased its holdings in shares of IPG Photonics by 41.7% in the 1st quarter. C M Bidwell & Associates Ltd. now owns 850 shares of the semiconductor company’s stock valued at $198,000 after purchasing an additional 250 shares in the last quarter. Concorde Asset Management LLC increased its holdings in shares of IPG Photonics by 10.1% in the 2nd quarter. Concorde Asset Management LLC now owns 3,059 shares of the semiconductor company’s stock valued at $675,000 after purchasing an additional 280 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of IPG Photonics by 2.9% in the 1st quarter. Moors & Cabot Inc. now owns 10,455 shares of the semiconductor company’s stock valued at $2,440,000 after purchasing an additional 295 shares in the last quarter. Westpac Banking Corp increased its holdings in shares of IPG Photonics by 13.7% in the 2nd quarter. Westpac Banking Corp now owns 2,445 shares of the semiconductor company’s stock valued at $539,000 after purchasing an additional 295 shares in the last quarter. Finally, Piedmont Investment Advisors LLC increased its holdings in shares of IPG Photonics by 6.3% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 5,381 shares of the semiconductor company’s stock valued at $1,187,000 after purchasing an additional 317 shares in the last quarter. Institutional investors own 56.53% of the company’s stock.

NASDAQ:IPGP opened at $162.06 on Friday. The company has a quick ratio of 6.94, a current ratio of 8.73 and a debt-to-equity ratio of 0.02. IPG Photonics Co. has a twelve month low of $158.75 and a twelve month high of $264.11. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 1.69 and a beta of 1.83.

IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, July 31st. The semiconductor company reported $2.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.22 by ($0.01). IPG Photonics had a net margin of 25.96% and a return on equity of 21.55%. The business had revenue of $413.61 million for the quarter, compared to analysts’ expectations of $418.61 million. During the same quarter last year, the business posted $1.91 earnings per share. The business’s revenue was up 12.0% compared to the same quarter last year. research analysts forecast that IPG Photonics Co. will post 8.02 EPS for the current year.

In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $245.63, for a total transaction of $491,260.00. Following the completion of the transaction, the insider now directly owns 7,565,999 shares in the company, valued at approximately $1,858,436,334.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 33.40% of the company’s stock.

A number of equities analysts have recently issued reports on IPGP shares. ValuEngine downgraded shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 26th. BidaskClub downgraded shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 12th. Zacks Investment Research upgraded shares of IPG Photonics from a “hold” rating to a “buy” rating and set a $274.00 price target for the company in a report on Wednesday, May 23rd. Benchmark reiterated a “buy” rating and issued a $262.00 price target on shares of IPG Photonics in a report on Monday, May 21st. Finally, Stifel Nicolaus initiated coverage on shares of IPG Photonics in a report on Thursday, May 10th. They issued a “buy” rating and a $282.00 price target for the company. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. IPG Photonics currently has a consensus rating of “Hold” and an average target price of $242.00.

About IPG Photonics

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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