Eqis Capital Management Inc. raised its stake in shares of IPG Photonics Corporation (NASDAQ:IPGP) by 13.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,401 shares of the semiconductor company’s stock after buying an additional 292 shares during the period. Eqis Capital Management Inc.’s holdings in IPG Photonics Corporation were worth $348,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Conestoga Capital Advisors LLC raised its position in IPG Photonics Corporation by 92.9% in the first quarter. Conestoga Capital Advisors LLC now owns 12,875 shares of the semiconductor company’s stock valued at $1,554,000 after buying an additional 6,200 shares during the last quarter. Cim LLC raised its position in IPG Photonics Corporation by 2.2% in the first quarter. Cim LLC now owns 5,044 shares of the semiconductor company’s stock valued at $609,000 after buying an additional 109 shares during the last quarter. Louisiana State Employees Retirement System raised its position in IPG Photonics Corporation by 3.3% in the first quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the semiconductor company’s stock valued at $1,147,000 after buying an additional 300 shares during the last quarter. Atria Investments LLC raised its position in IPG Photonics Corporation by 26.7% in the first quarter. Atria Investments LLC now owns 5,021 shares of the semiconductor company’s stock valued at $606,000 after buying an additional 1,058 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new position in IPG Photonics Corporation during the first quarter valued at approximately $308,000. Hedge funds and other institutional investors own 60.04% of the company’s stock.

Shares of IPG Photonics Corporation (NASDAQ IPGP) traded up 0.51% during mid-day trading on Friday, reaching $165.90. The company’s stock had a trading volume of 226,795 shares. IPG Photonics Corporation has a 12 month low of $80.52 and a 12 month high of $170.39. The company has a 50 day moving average price of $156.93 and a 200 day moving average price of $134.95. The stock has a market capitalization of $8.93 billion, a P/E ratio of 27.78 and a beta of 1.70.

IPG Photonics Corporation (NASDAQ:IPGP) last released its earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $369.37 million for the quarter, compared to the consensus estimate of $333.06 million. During the same period last year, the business 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 research analysts anticipate that IPG Photonics Corporation will post $6.62 earnings per share for the current fiscal year.

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Several research firms recently commented on IPGP. Benchmark Co. reiterated a “buy” rating and issued a $180.00 target price on shares of IPG Photonics Corporation in a research note on Wednesday, August 2nd. Canaccord Genuity boosted their price target on IPG Photonics Corporation from $152.00 to $162.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Needham & Company LLC reissued a “buy” rating and set a $182.00 price target (up previously from $160.00) on shares of IPG Photonics Corporation in a research report on Tuesday, August 1st. Stifel Nicolaus boosted their price target on IPG Photonics Corporation from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Friday, June 30th. Finally, Longbow Research raised IPG Photonics Corporation from a “neutral” rating to a “buy” rating and set a $175.00 price target for the company in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. IPG Photonics Corporation currently has a consensus rating of “Buy” and an average target price of $141.00.

In related news, CFO Timothy Pv Mammen sold 11,600 shares of IPG Photonics Corporation stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $166.98, for a total transaction of $1,936,968.00. Following the sale, the chief financial officer now directly owns 42,700 shares of the company’s stock, valued at $7,130,046. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Trevor Ness sold 5,000 shares of IPG Photonics Corporation stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $145.69, for a total value of $728,450.00. Following the sale, the senior vice president now directly owns 17,906 shares in the company, valued at $2,608,725.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,699 shares of company stock worth $9,851,274. 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.

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

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