Public Employees Retirement Association of Colorado increased its position in shares of IPG Photonics Corporation (NASDAQ:IPGP) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 7,301 shares of the semiconductor company’s stock after buying an additional 10 shares during the period. Public Employees Retirement Association of Colorado’s holdings in IPG Photonics Corporation were worth $1,059,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. UBS Asset Management Americas Inc. boosted its stake in IPG Photonics Corporation by 12.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 153,965 shares of the semiconductor company’s stock worth $15,197,000 after buying an additional 17,504 shares during the last quarter. Macquarie Group Ltd. boosted its stake in IPG Photonics Corporation by 50.8% in the fourth quarter. Macquarie Group Ltd. now owns 4,900 shares of the semiconductor company’s stock worth $484,000 after buying an additional 1,650 shares during the last quarter. Capstone Asset Management Co. boosted its stake in IPG Photonics Corporation by 3.7% in the first quarter. Capstone Asset Management Co. now owns 3,910 shares of the semiconductor company’s stock worth $472,000 after buying an additional 140 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in IPG Photonics Corporation by 3.3% in the first quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the semiconductor company’s stock worth $1,147,000 after buying an additional 300 shares during the last quarter. Finally, Cim LLC boosted its stake in IPG Photonics Corporation by 2.2% in the first quarter. Cim LLC now owns 5,044 shares of the semiconductor company’s stock worth $609,000 after buying an additional 109 shares during the last quarter. 60.04% of the stock is owned by institutional investors and hedge funds.

Shares of IPG Photonics Corporation (NASDAQ:IPGP) opened at 168.57 on Wednesday. The company has a market capitalization of $9.07 billion, a PE ratio of 28.23 and a beta of 1.70. The firm’s 50-day moving average is $155.11 and its 200 day moving average is $134.10. IPG Photonics Corporation has a 52 week low of $80.52 and a 52 week high of $169.49.

IPG Photonics Corporation (NASDAQ:IPGP) last released its earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 EPS for the quarter, beating 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 net margin of 26.84% and a return on equity of 19.75%. The business’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same period last year, the firm earned $1.25 EPS. On average, analysts anticipate that IPG Photonics Corporation will post $6.62 earnings per share for the current fiscal year.

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A number of research firms recently weighed in on IPGP. Benchmark Co. reissued a “buy” rating and issued a $180.00 target price on shares of IPG Photonics Corporation in a research note on Wednesday, August 2nd. Needham & Company LLC reissued a “buy” rating and issued a $182.00 target price (up previously from $160.00) on shares of IPG Photonics Corporation in a research note on Tuesday, August 1st. Canaccord Genuity upped their target price on shares of IPG Photonics Corporation from $152.00 to $162.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. 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 note on Tuesday, June 6th. Finally, Stifel Nicolaus upped their target price on shares of IPG Photonics Corporation from $135.00 to $145.00 and gave the company a “hold” rating in a research note on Friday, June 30th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $141.00.

In related news, SVP Alexander Ovtchinnikov sold 12,000 shares of IPG Photonics Corporation stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $160.30, for a total transaction of $1,923,600.00. Following the sale, the senior vice president now directly owns 83,595 shares of the company’s stock, valued at approximately $13,400,278.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Angelo P. Lopresti sold 11,750 shares of IPG Photonics Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $163.33, for a total transaction of $1,919,127.50. Following the sale, 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 ninety days. 34.20% of the stock is currently owned by insiders.

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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