Sigma Investment Counselors Inc. maintained its stake in shares of IPG Photonics Corporation (NASDAQ:IPGP) during the second quarter, Holdings Channel reports. The fund owned 2,200 shares of the semiconductor company’s stock at the end of the second quarter. Sigma Investment Counselors Inc.’s holdings in IPG Photonics Corporation were worth $319,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of IPG Photonics Corporation by 15,820.1% in the first quarter. BlackRock Inc. now owns 2,957,324 shares of the semiconductor company’s stock valued at $356,949,000 after buying an additional 2,938,748 shares during the last quarter. Columbia Wanger Asset Management LLC boosted its stake in shares of IPG Photonics Corporation by 57.0% in the first quarter. Columbia Wanger Asset Management LLC now owns 629,691 shares of the semiconductor company’s stock valued at $76,004,000 after buying an additional 228,701 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of IPG Photonics Corporation by 25.6% in the first quarter. Clearbridge Investments LLC now owns 934,882 shares of the semiconductor company’s stock valued at $112,840,000 after buying an additional 190,514 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of IPG Photonics Corporation by 46.4% in the first quarter. Handelsbanken Fonder AB now owns 413,555 shares of the semiconductor company’s stock valued at $49,916,000 after buying an additional 131,155 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of IPG Photonics Corporation by 4.7% in the first quarter. Vanguard Group Inc. now owns 2,808,184 shares of the semiconductor company’s stock valued at $338,949,000 after buying an additional 127,317 shares during the last quarter. Hedge funds and other institutional investors own 60.23% of the company’s stock.

IPG Photonics Corporation (NASDAQ IPGP) opened at 165.33 on Thursday. The company’s 50-day moving average price is $152.72 and its 200 day moving average price is $132.15. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 27.68 and a beta of 1.70. IPG Photonics Corporation has a 1-year low of $80.52 and a 1-year high of $168.93.

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

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Several analysts recently commented on IPGP shares. Zacks Investment Research upgraded IPG Photonics Corporation from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a research report on Thursday, May 4th. Needham & Company LLC boosted their price target on IPG Photonics Corporation from $146.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Macquarie cut IPG Photonics Corporation from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $28.00 to $24.00 in a research report on Tuesday, June 6th. Dougherty & Co boosted their price target on IPG Photonics Corporation from $137.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $152.00 price target (up from $138.00) on shares of IPG Photonics Corporation in a research report on Friday, June 16th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $141.00.

In related news, SVP Eugene A. Shcherbakov sold 8,500 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $154.28, for a total value of $1,311,380.00. Following the transaction, the senior vice president now owns 16,957 shares in the company, valued at $2,616,125.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas J. Seifert sold 2,849 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $141.47, for a total value of $403,048.03. Following the completion of the transaction, the director now owns 9,180 shares in the company, valued at approximately $1,298,694.60. The disclosure for this sale can be found here. Insiders sold 50,099 shares of company stock worth $7,914,306 in the last quarter. 34.20% of the stock is owned by 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.

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

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