Pacer Advisors Inc. lowered its stake in shares of IPG Photonics Corporation (NASDAQ:IPGP) by 86.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 874 shares of the semiconductor company’s stock after selling 5,823 shares during the period. Pacer Advisors Inc.’s holdings in IPG Photonics were worth $162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in IPG Photonics 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 during the period. Vanguard Group Inc. lifted its holdings in shares of IPG Photonics by 8.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,054,060 shares of the semiconductor company’s stock valued at $443,143,000 after purchasing an additional 245,876 shares during the last quarter. State Street Corp lifted its holdings in shares of IPG Photonics by 2.1% during the 2nd quarter. State Street Corp now owns 955,383 shares of the semiconductor company’s stock valued at $138,633,000 after purchasing an additional 19,973 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of IPG Photonics by 5.3% during the 2nd quarter. Eagle Asset Management Inc. now owns 759,708 shares of the semiconductor company’s stock valued at $110,233,000 after purchasing an additional 37,918 shares during the last quarter. Finally, Pictet Asset Management Ltd. lifted its holdings in shares of IPG Photonics by 6.1% during the 2nd quarter. Pictet Asset Management Ltd. now owns 502,335 shares of the semiconductor company’s stock valued at $69,844,000 after purchasing an additional 28,959 shares during the last quarter. Institutional investors own 56.44% of the company’s stock.

Shares of IPG Photonics Corporation (IPGP) opened at $200.80 on Tuesday. 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 has a twelve month low of $95.04 and a twelve month high of $248.23. The company has a market capitalization of $10,810.00, a price-to-earnings ratio of 33.01, a PEG ratio of 1.63 and a beta of 1.70.

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

In related news, SVP Eugene A. Shcherbakov sold 9,500 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $198.79, for a total value of $1,888,505.00. Following the transaction, the senior vice president now directly owns 16,957 shares of the company’s stock, valued at approximately $3,370,882.03. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 33.80% of the stock is owned by corporate insiders.

Several brokerages have recently commented on IPGP. BidaskClub lowered IPG Photonics from a “strong-buy” rating to a “buy” rating in a report on Saturday. ValuEngine lowered IPG Photonics from a “buy” rating to a “hold” rating in a report on Friday. DA Davidson increased their price objective on IPG Photonics to $235.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Needham & Company LLC increased their price objective on IPG Photonics from $210.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. They noted that the move was a valuation call. Finally, Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of IPG Photonics in a report on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. IPG Photonics has an average rating of “Buy” and an average target price of $180.33.

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IPG Photonics 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.

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Institutional Ownership by Quarter for IPG Photonics (NASDAQ:IPGP)

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