Teachers Retirement System of The State of Kentucky increased its position in shares of IPG Photonics Corporation (NASDAQ:IPGP) by 0.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,760 shares of the semiconductor company’s stock after buying an additional 1,000 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.23% of IPG Photonics Corporation worth $22,718,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in IPG Photonics Corporation by 4.1% during the second quarter. BlackRock Inc. now owns 3,078,662 shares of the semiconductor company’s stock worth $446,714,000 after buying an additional 121,338 shares in the last quarter. Vanguard Group Inc. boosted its holdings in IPG Photonics Corporation by 8.8% during the second quarter. Vanguard Group Inc. now owns 3,054,060 shares of the semiconductor company’s stock worth $443,143,000 after buying an additional 245,876 shares in the last quarter. State Street Corp boosted its holdings in IPG Photonics Corporation by 2.1% during the second quarter. State Street Corp now owns 955,383 shares of the semiconductor company’s stock worth $138,633,000 after buying an additional 19,973 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in IPG Photonics Corporation by 5.3% during the second quarter. Eagle Asset Management Inc. now owns 759,708 shares of the semiconductor company’s stock worth $110,233,000 after buying an additional 37,918 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its holdings in IPG Photonics Corporation by 4.0% during the second quarter. Congress Asset Management Co. MA now owns 607,562 shares of the semiconductor company’s stock worth $88,157,000 after buying an additional 23,315 shares in the last quarter. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

In other IPG Photonics Corporation news, SVP Eugene A. Shcherbakov sold 9,500 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $198.79, for a total transaction of $1,888,505.00. Following the completion of the transaction, the senior vice president now directly owns 16,957 shares in the company, valued at $3,370,882.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 33.80% of the company’s stock.

IPG Photonics Corporation (IPGP) opened at $239.48 on Friday. The company has a current ratio of 9.02, a quick ratio of 7.46 and a debt-to-equity ratio of 0.02. The firm has a market cap of $12,839.93, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 1.74 and a beta of 1.68. IPG Photonics Corporation has a 12-month low of $93.38 and a 12-month high of $248.23.

IPG Photonics Corporation (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.32. The company had revenue of $392.62 million during the quarter, compared to analysts’ expectations of $367.27 million. IPG Photonics Corporation had a net margin of 27.85% and a return on equity of 21.17%. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 earnings per share. equities analysts predict that IPG Photonics Corporation will post 7.01 EPS for the current fiscal year.

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A number of analysts recently issued reports on the stock. DA Davidson increased their price target on shares of IPG Photonics Corporation to $235.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Needham & Company LLC increased their price target on shares of IPG Photonics Corporation from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. They noted that the move was a valuation call. Benchmark Co. reissued a “buy” rating and set a $230.00 price target on shares of IPG Photonics Corporation in a report on Wednesday, November 1st. Zacks Investment Research raised shares of IPG Photonics Corporation from a “hold” rating to a “strong-buy” rating and set a $240.00 price target on the stock in a report on Friday, October 27th. Finally, ValuEngine downgraded shares of IPG Photonics Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $180.33.

IPG Photonics Corporation 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 Corporation (NASDAQ:IPGP)

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