Tredje AP fonden grew its position in IPG Photonics Co. (NASDAQ:IPGP) by 206.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,680 shares of the semiconductor company’s stock after purchasing an additional 6,520 shares during the period. Tredje AP fonden’s holdings in IPG Photonics were worth $2,136,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in IPGP. Hanseatic Management Services Inc. increased its holdings in IPG Photonics by 23.2% during the 1st quarter. Hanseatic Management Services Inc. now owns 4,716 shares of the semiconductor company’s stock worth $1,101,000 after purchasing an additional 888 shares during the period. Sentry Investment Management LLC purchased a new stake in IPG Photonics during the 1st quarter worth about $638,000. New York State Teachers Retirement System increased its holdings in IPG Photonics by 5.9% during the 1st quarter. New York State Teachers Retirement System now owns 44,046 shares of the semiconductor company’s stock worth $10,279,000 after purchasing an additional 2,446 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in IPG Photonics by 10.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 124,570 shares of the semiconductor company’s stock worth $29,072,000 after purchasing an additional 11,787 shares during the period. Finally, Dorsey Wright & Associates increased its holdings in IPG Photonics by 6.2% during the 1st quarter. Dorsey Wright & Associates now owns 10,271 shares of the semiconductor company’s stock worth $2,397,000 after purchasing an additional 600 shares during the period. Institutional investors own 56.98% of the company’s stock.

Several equities research analysts have weighed in on IPGP shares. DA Davidson cut their price target on IPG Photonics to $220.00 and set a “buy” rating on the stock in a report on Wednesday, August 1st. ValuEngine downgraded IPG Photonics from a “hold” rating to a “sell” rating in a report on Friday, August 10th. BidaskClub downgraded IPG Photonics from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Canaccord Genuity reiterated a “hold” rating and issued a $235.00 price objective on shares of IPG Photonics in a report on Tuesday, May 1st. Finally, Zacks Investment Research downgraded IPG Photonics from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $242.00.

IPGP opened at $166.91 on Friday. IPG Photonics Co. has a one year low of $158.75 and a one year high of $264.11. The stock has a market capitalization of $8.97 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 1.76 and a beta of 1.83. The company has a current ratio of 8.73, a quick ratio of 6.94 and a debt-to-equity ratio of 0.02.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, July 31st. The semiconductor company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). IPG Photonics had a net margin of 25.96% and a return on equity of 21.55%. The business had revenue of $413.61 million during the quarter, compared to analysts’ expectations of $418.61 million. During the same quarter in the previous year, the company posted $1.91 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. research analysts expect that IPG Photonics Co. will post 7.9 earnings per share for the current year.

About IPG Photonics

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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

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