American Trust Investment Advisors LLC decreased its position in IPG Photonics Corporation (NASDAQ:IPGP) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,755 shares of the semiconductor company’s stock after selling 657 shares during the period. IPG Photonics makes up about 1.9% of American Trust Investment Advisors LLC’s portfolio, making the stock its 23rd biggest holding. American Trust Investment Advisors LLC’s holdings in IPG Photonics were worth $2,175,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in IPG Photonics by 41.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 462,817 shares of the semiconductor company’s stock worth $85,010,000 after acquiring an additional 136,082 shares during the last quarter. Virginia Retirement Systems ET AL raised its stake in IPG Photonics by 126.3% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 17,200 shares of the semiconductor company’s stock worth $3,183,000 after acquiring an additional 9,600 shares during the last quarter. Legal & General Group Plc raised its stake in IPG Photonics by 12.7% in the 3rd quarter. Legal & General Group Plc now owns 32,371 shares of the semiconductor company’s stock worth $5,991,000 after acquiring an additional 3,645 shares during the last quarter. Fernwood Investment Management LLC purchased a new position in IPG Photonics in the 3rd quarter worth $816,000. Finally, Great West Life Assurance Co. Can raised its stake in IPG Photonics by 3.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 80,952 shares of the semiconductor company’s stock worth $14,928,000 after acquiring an additional 2,406 shares during the last quarter. Institutional investors own 57.12% of the company’s stock.

A number of equities analysts recently issued reports on the company. Benchmark Co. restated a “buy” rating and issued a $180.00 target price on shares of IPG Photonics in a research note on Wednesday, August 2nd. Zacks Investment Research lowered IPG Photonics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Canaccord Genuity raised their target price on IPG Photonics from $152.00 to $162.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus restated a “hold” rating and issued a $170.00 target price (up previously from $165.00) on shares of IPG Photonics in a research note on Friday, September 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $182.00 target price (up previously from $160.00) on shares of IPG Photonics in a research note on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $180.33.

In other IPG Photonics news, SVP Eugene A. Shcherbakov sold 9,500 shares of IPG Photonics stock in a transaction dated Monday, October 16th. The stock was 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 in the company, valued at approximately $3,370,882.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 33.80% of the company’s stock.

IPG Photonics Corporation (NASDAQ:IPGP) opened at $242.05 on Monday. The firm has a market capitalization of $13,030.00, a PE ratio of 35.65, a price-to-earnings-growth ratio of 1.76 and a beta of 1.67. IPG Photonics Corporation has a 52 week low of $93.38 and a 52 week high of $248.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.46 and a current ratio of 9.02.

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

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About IPG Photonics

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 (NASDAQ:IPGP)

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