British Airways Pensions Investment Management Ltd reduced its position in shares of IPG Photonics Corporation (NASDAQ:IPGP) by 32.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,731 shares of the semiconductor company’s stock after selling 41,389 shares during the period. British Airways Pensions Investment Management Ltd owned 0.16% of IPG Photonics Corporation worth $15,676,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elefante Mark B bought a new stake in shares of IPG Photonics Corporation during the 3rd quarter worth $201,000. Fulton Bank N.A. bought a new stake in shares of IPG Photonics Corporation during the 3rd quarter worth $202,000. Chicago Partners Investment Group LLC bought a new stake in shares of IPG Photonics Corporation during the 2nd quarter worth $152,000. Beaumont Financial Partners LLC bought a new stake in shares of IPG Photonics Corporation during the 3rd quarter worth $250,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of IPG Photonics Corporation by 10.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,380 shares of the semiconductor company’s stock worth $200,000 after buying an additional 131 shares during the period. 58.14% of the stock is owned by institutional investors and hedge funds.

Shares of IPG Photonics Corporation (NASDAQ:IPGP) traded up $0.84 during mid-day trading on Thursday, hitting $227.11. 399,600 shares of the stock were exchanged, compared to its average volume of 322,922. IPG Photonics Corporation has a 52 week low of $93.38 and a 52 week high of $229.65. The firm has a market cap of $12,480.00, a PE ratio of 33.32, a price-to-earnings-growth ratio of 1.64 and a beta of 1.67. The company has a current ratio of 9.02, a quick ratio of 7.46 and a debt-to-equity ratio of 0.02.

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

In other news, Director William S. Hurley sold 8,167 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $165.42, for a total value of $1,350,985.14. Following the completion of the transaction, the director now owns 12,672 shares in the company, valued at approximately $2,096,202.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Eugene A. Shcherbakov sold 9,500 shares of the 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 owns 16,957 shares of the company’s stock, valued at approximately $3,370,882.03. The disclosure for this sale can be found here. Corporate insiders own 33.80% of the company’s stock.

IPGP has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of IPG Photonics Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine upgraded shares of IPG Photonics Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Stifel Nicolaus reiterated a “hold” rating and set a $170.00 target price (up from $165.00) on shares of IPG Photonics Corporation in a research note on Friday, September 1st. Needham & Company LLC reiterated a “buy” rating and set a $210.00 target price (up from $182.00) on shares of IPG Photonics Corporation in a research note on Friday, October 20th. Finally, DA Davidson reiterated a “buy” rating and set a $220.00 target price on shares of IPG Photonics Corporation in a research note on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $180.33.

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About IPG Photonics Corporation

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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