Scout Investments Inc. reduced its stake in IPG Photonics Corporation (NASDAQ:IPGP) by 6.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 181,409 shares of the semiconductor company’s stock after selling 13,318 shares during the period. IPG Photonics Corporation accounts for approximately 0.8% of Scout Investments Inc.’s holdings, making the stock its 25th largest position. Scout Investments Inc. owned 0.34% of IPG Photonics Corporation worth $26,322,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IPGP. Stifel Financial Corp boosted its stake in IPG Photonics Corporation by 0.4% in the first quarter. Stifel Financial Corp now owns 5,154 shares of the semiconductor company’s stock valued at $624,000 after buying an additional 23 shares in the last quarter. Flinton Capital Management LLC boosted its stake in IPG Photonics Corporation by 3.3% in the first quarter. Flinton Capital Management LLC now owns 1,008 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 32 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in IPG Photonics Corporation by 1.1% in the second quarter. Teacher Retirement System of Texas now owns 3,015 shares of the semiconductor company’s stock valued at $437,000 after buying an additional 33 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in IPG Photonics Corporation by 3.3% in the first quarter. Meadow Creek Investment Management LLC now owns 1,386 shares of the semiconductor company’s stock valued at $167,000 after buying an additional 44 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in IPG Photonics Corporation by 0.8% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 6,456 shares of the semiconductor company’s stock valued at $779,000 after buying an additional 49 shares in the last quarter. 58.77% of the stock is owned by hedge funds and other institutional investors.

Shares of IPG Photonics Corporation (NASDAQ:IPGP) traded up 0.09% on Wednesday, hitting $169.97. 56,135 shares of the company traded hands. The firm’s 50-day moving average is $159.34 and its 200 day moving average is $136.80. IPG Photonics Corporation has a 1-year low of $80.52 and a 1-year high of $170.52. The firm has a market capitalization of $9.15 billion, a P/E ratio of 28.46 and a beta of 1.70.

IPG Photonics Corporation (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.28. The business had revenue of $369.37 million during the quarter, compared to analysts’ expectations of $333.06 million. IPG Photonics Corporation had a return on equity of 19.75% and a net margin of 26.84%. The business’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 EPS. On average, analysts anticipate that IPG Photonics Corporation will post $6.62 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “IPG Photonics Corporation (IPGP) Shares Sold by Scout Investments Inc.” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/ipg-photonics-corporation-ipgp-shares-sold-by-scout-investments-inc/1532094.html.

Several equities research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $182.00 target price (up from $160.00) on shares of IPG Photonics Corporation in a research report on Tuesday, August 1st. Longbow Research raised shares of IPG Photonics Corporation from a “neutral” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Tuesday, June 6th. Macquarie cut shares of IPG Photonics Corporation from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $28.00 to $24.00 in a research report on Tuesday, June 6th. Stifel Nicolaus raised their target price on shares of IPG Photonics Corporation from $135.00 to $145.00 and gave the stock a “hold” rating in a research report on Friday, June 30th. Finally, Canaccord Genuity raised their target price on shares of IPG Photonics Corporation from $152.00 to $162.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $141.00.

In other IPG Photonics Corporation news, CFO Timothy Pv Mammen sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $162.87, for a total value of $1,628,700.00. Following the completion of the sale, the chief financial officer now owns 41,100 shares in the company, valued at $6,693,957. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director William S. Hurley sold 8,167 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 12,672 shares of the company’s stock, valued at approximately $2,096,202.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,866 shares of company stock valued at $11,202,259. 33.80% of the stock is owned by company insiders.

IPG Photonics Corporation Company 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)

Receive News & Ratings for IPG Photonics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.