Inspire Investing LLC makes new investment in IPG Photonics Co. (NASDAQ:IPGP)


Inspire Investing LLC acquired a new position in shares of IPG Photonics Co during the first quarter. (NASDAQ: IPGP – Get Rating ) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,152 shares of the semiconductor company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IPGP. Alliancebernstein LP boosted its holdings in IPG Photonics by 14.4% in the fourth quarter. Alliancebernstein LP now owns 3,400,502 shares of the semiconductor company’s stock valued at $585,362,000 after buying an additional 427,524 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of IPG Photonics by 14.6% during the 4th quarter. First Eagle Investment Management LLC now owns 2,302,862 shares of the semiconductor company’s stock valued at $396,415,000 after acquiring an additional 292,970 shares in the last quarter. KBC Group NV raised its stake in shares of IPG Photonics by 66.6% during the 4th quarter. KBC Group NV now owns 185,311 shares of the semiconductor company’s stock valued at $31,899,000 after acquiring an additional 74,102 shares in the last quarter. Impax Asset Management Group plc boosted its stake in shares of IPG Photonics by 7.9% during the 4th quarter. Impax Asset Management Group plc now owns 978,760 shares of the semiconductor company’s stock valued at $167,664,000 after acquiring an additional 71,414 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of IPG Photonics by 77.1% during the 4th quarter. Renaissance Technologies LLC now owns 162,400 shares of the semiconductor company’s stock valued at $27,956,000 after acquiring an additional 70,700 shares during the last quarter. Hedge funds and other institutional investors own 66.65% of the company’s shares.

In other IPG Photonics news, CFO Timothy P.V. Mamen bought 3,000 shares of the business’s stock in a transaction on Thursday, June 16th. The stock was bought at an average price of $83.54 per share, for a total transaction of $250,620.00. Following the completion of the transaction, the chief financial officer now directly owns 53,493 shares of the company’s stock, valued at $4,468,805.22. The acquisition was disclosed in a filing with the SEC, which is available at this link. 33.50% of the shares are owned by company insiders.

Several analysts have recently issued reports on IPGP shares. Raymond James cut shares of IPG Photonics from a “market perform” rating to an “underperform” rating in a research note on Monday, March 14th. Citigroup raised shares of IPG Photonics from a “neutral” rating to a “buy” rating and set a $157.00 target price for the company in a research note on Wednesday, May 4th. Finally, StockNews.com initiated coverage on shares of IPG Photonics in a research note on Thursday, March 31st. They issued a “hold” rating on the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $173.86, according to MarketBeat.com.

IPGP opened at $94.03 on Friday. The company has a debt-to-equity ratio of 0.01, a quick earnings ratio of 6.42 and a current ratio of 8.16. The firm has a market cap of $4.88 billion, a P/E ratio of 18.04, a PEG ratio of 4.57 and a beta of 1.35. IPG Photonics Co. has a fifty-two week low of $82.68 and a fifty-two week high of $220.51. The firm has a 50-day moving average of $97.65 and a 200-day moving average of $120.95.

IPG Photonics (NASDAQ:IPGP – Get Rating ) last posted its earnings results on Tuesday, May 3rd. The semiconductor company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.32. The firm had revenue of $369.98 million during the quarter, compared to analyst estimates of $334.48 million. IPG Photonics had a net margin of 18.84% and a return on equity of 10.27%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. In the same quarter last year, the business earned $1.17 earnings per share. Stock analysts predict that IPG Photonics Co. will report 4.71 earnings per share for the current fiscal year.

IPG Photonics Company Profile (Get Rating)

IPG Photonics Corporation develops, manufactures and markets a variety of high performance fiber lasers, fiber amplifiers and diode lasers used in a variety of applications primarily in material processing worldwide. The company’s laser products include hybrid fiber-solid-state lasers with green and ultraviolet wavelengths; packaged fiber tail diodes and direct fiber coupled diode laser systems; high-energy pulsed lasers, multiwavelength and tunable lasers, and single-polarization, single-frequency lasers; and high power fiber optic delivery cables, fiber connectors, beam switches, coolers, scanners and other accessories.

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



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