Fmr LLC lowered its position in shares of IPG Photonics Corporation (NASDAQ:IPGP) by 22.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,593,455 shares of the semiconductor company’s stock after selling 461,681 shares during the period. Fmr LLC owned 2.98% of IPG Photonics Corporation worth $231,210,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in IPGP. BlackRock Inc. raised its stake in shares of IPG Photonics Corporation by 15,820.1% during the first quarter. BlackRock Inc. now owns 2,957,324 shares of the semiconductor company’s stock valued at $356,949,000 after purchasing an additional 2,938,748 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in IPG Photonics Corporation by 50,089.7% in the second quarter. JPMorgan Chase & Co. now owns 326,735 shares of the semiconductor company’s stock worth $47,409,000 after purchasing an additional 326,084 shares during the period. Vanguard Group Inc. lifted its holdings in IPG Photonics Corporation by 8.8% in the second quarter. Vanguard Group Inc. now owns 3,054,060 shares of the semiconductor company’s stock worth $443,143,000 after purchasing an additional 245,876 shares during the period. Columbia Wanger Asset Management LLC lifted its holdings in IPG Photonics Corporation by 57.0% in the first quarter. Columbia Wanger Asset Management LLC now owns 629,691 shares of the semiconductor company’s stock worth $76,004,000 after purchasing an additional 228,701 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in IPG Photonics Corporation by 25.6% in the first quarter. Clearbridge Investments LLC now owns 934,882 shares of the semiconductor company’s stock worth $112,840,000 after purchasing an additional 190,514 shares during the period. Institutional investors and hedge funds own 59.07% of the company’s stock.

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In related news, SVP Alexander Ovtchinnikov sold 12,000 shares of IPG Photonics Corporation stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $160.30, for a total value of $1,923,600.00. Following the completion of the sale, the senior vice president now directly owns 83,595 shares in the company, valued at $13,400,278.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William S. Hurley sold 8,167 shares of IPG Photonics Corporation stock in a transaction dated Thursday, August 24th. The stock was 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. In the last 90 days, insiders have sold 62,017 shares of company stock valued at $10,070,761. 33.80% of the stock is currently owned by corporate insiders.

Several equities analysts have commented on IPGP shares. ValuEngine raised shares of IPG Photonics Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $170.00 price target (up from $165.00) on shares of IPG Photonics Corporation in a research note on Friday, September 1st. Needham & Company LLC upped their price target on shares of IPG Photonics Corporation from $146.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Macquarie lowered shares of IPG Photonics Corporation from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $28.00 to $24.00 in a research note on Tuesday, June 6th. Finally, Canaccord Genuity cut shares of IPG Photonics Corporation from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a report on Tuesday, July 18th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. IPG Photonics Corporation currently has an average rating of “Buy” and an average target price of $150.25.

Shares of IPG Photonics Corporation (IPGP) opened at 186.76 on Tuesday. The firm has a 50-day moving average of $175.43 and a 200-day moving average of $148.00. IPG Photonics Corporation has a one year low of $81.00 and a one year high of $187.73. The firm has a market capitalization of $10.05 billion, a P/E ratio of 31.27 and a beta of 1.68.

IPG Photonics Corporation (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $1.91 EPS for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.28. The firm had revenue of $369.37 million for the quarter, compared to analyst estimates of $333.06 million. IPG Photonics Corporation had a return on equity of 19.75% and a net margin of 26.84%. The business’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same period last year, the company earned $1.25 EPS. On average, equities analysts predict that IPG Photonics Corporation will post $6.64 earnings per share for the current fiscal year.

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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