Baillie Gifford & Co. grew its holdings in IPG Photonics Corporation (NASDAQ:IPGP) by 25.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 194,150 shares of the semiconductor company’s stock after acquiring an additional 39,600 shares during the quarter. Baillie Gifford & Co. owned 0.36% of IPG Photonics Corporation worth $28,171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of IPGP. Flinton Capital Management LLC boosted 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 valued at $122,000 after acquiring an additional 32 shares during the period. Denali Advisors LLC bought a new stake in shares of IPG Photonics Corporation in the second quarter valued at approximately $145,000. Chicago Partners Investment Group LLC bought a new stake in shares of IPG Photonics Corporation in the second quarter valued at approximately $152,000. Meadow Creek Investment Management LLC boosted 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 valued at $167,000 after acquiring an additional 44 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of IPG Photonics Corporation in the first quarter valued at approximately $182,000. 59.20% of the stock is owned by institutional investors.

Shares of IPG Photonics Corporation (NASDAQ:IPGP) traded up 1.309% on Monday, hitting $176.055. The company had a trading volume of 12,330 shares. The firm has a 50-day moving average price of $164.94 and a 200 day moving average price of $140.39. The company has a market capitalization of $9.48 billion, a P/E ratio of 29.480 and a beta of 1.64. IPG Photonics Corporation has a 12-month low of $80.52 and a 12-month high of $177.32.

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

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In related news, SVP Trevor Ness sold 5,000 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $145.69, for a total value of $728,450.00. Following the completion of the sale, the senior vice president now directly owns 17,906 shares in the company, valued at approximately $2,608,725.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William S. Hurley sold 8,167 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $165.42, for a total value of $1,350,985.14. Following the completion of the sale, the director now owns 12,672 shares of the company’s stock, valued at $2,096,202.24. The disclosure for this sale can be found here. Insiders sold a total of 67,017 shares of company stock valued at $10,799,211 over the last 90 days. 33.80% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently weighed in on IPGP shares. Stifel Nicolaus reissued a “hold” rating and issued a $170.00 price objective (up from $165.00) on shares of IPG Photonics Corporation in a research report on Friday, September 1st. Needham & Company LLC increased their price objective on IPG Photonics Corporation from $146.00 to $160.00 and gave the company 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 reduced their price objective for the company from $28.00 to $24.00 in a research report on Tuesday, June 6th. Canaccord Genuity cut IPG Photonics Corporation from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, July 18th. Finally, ValuEngine raised IPG Photonics Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $143.78.

IPG Photonics Corporation 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.

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

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