Aperio Group LLC boosted its position in IPG Photonics Corporation (NASDAQ:IPGP) by 11.4% during the second quarter, Holdings Channel reports. The institutional investor owned 7,451 shares of the semiconductor company’s stock after buying an additional 763 shares during the period. Aperio Group LLC’s holdings in IPG Photonics Corporation were worth $1,081,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IPGP. Huntington National Bank increased its position in shares of IPG Photonics Corporation by 3,188.5% in the first quarter. Huntington National Bank now owns 855 shares of the semiconductor company’s stock worth $103,000 after buying an additional 829 shares in the last quarter. Flinton Capital Management LLC increased its position in shares of 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 worth $122,000 after buying an additional 32 shares in the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of IPG Photonics Corporation by 13.9% in the first quarter. YorkBridge Wealth Partners LLC now owns 895 shares of the semiconductor company’s stock worth $122,000 after buying an additional 109 shares in the last quarter. Denali Advisors LLC purchased a new position in shares of IPG Photonics Corporation during the second quarter worth $145,000. Finally, Meadow Creek Investment Management LLC increased its position in shares of 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 worth $167,000 after buying an additional 44 shares in the last quarter. 60.04% of the stock is owned by institutional investors and hedge funds.

IPG Photonics Corporation (IPGP) traded up 0.91% during midday trading on Wednesday, hitting $170.11. 191,055 shares of the stock traded hands. The stock’s 50-day moving average price is $155.11 and its 200-day moving average price is $134.10. IPG Photonics Corporation has a 52 week low of $80.52 and a 52 week high of $170.39. The stock has a market capitalization of $9.16 billion, a P/E ratio of 28.48 and a beta of 1.70.

IPG Photonics Corporation (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.28. The company had revenue of $369.37 million during the quarter, compared to analyst estimates of $333.06 million. IPG Photonics Corporation had a net margin of 26.84% and a return on equity of 19.75%. IPG Photonics Corporation’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same period last year, the business earned $1.25 EPS. Equities research analysts expect that IPG Photonics Corporation will post $6.62 EPS for the current fiscal year.

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A number of brokerages recently weighed in on IPGP. Canaccord Genuity downgraded shares of IPG Photonics Corporation from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research note on Tuesday, July 18th. Benchmark Co. reaffirmed a “buy” rating and issued a $180.00 price target on shares of IPG Photonics Corporation in a research note on Wednesday, August 2nd. Longbow Research raised shares of IPG Photonics Corporation from a “neutral” rating to a “buy” rating and set a $175.00 price target for the company in a research note on Tuesday, June 6th. Stifel Nicolaus lifted their price target on shares of IPG Photonics Corporation from $135.00 to $145.00 and gave the company a “hold” rating in a research note on Friday, June 30th. Finally, Dougherty & Co lifted their price target on shares of IPG Photonics Corporation from $137.00 to $157.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $141.00.

In related news, Director Thomas J. Seifert sold 2,849 shares of the stock in a transaction dated Monday, June 5th. The shares were 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 directly owns 9,180 shares in the company, valued at approximately $1,298,694.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Alexander Ovtchinnikov sold 12,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $160.30, for a total transaction of $1,923,600.00. Following the completion of the transaction, the senior vice president now owns 83,595 shares of the company’s stock, valued at $13,400,278.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,099 shares of company stock valued at $7,914,306. 34.20% of the stock is owned by company insiders.

About IPG Photonics Corporation

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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