Raymond James Financial Services Advisors Inc. purchased a new position in shares of IPG Photonics Corporation (NASDAQ:IPGP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,551 shares of the semiconductor company’s stock, valued at approximately $287,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Eagle Ridge Investment Management increased its holdings in shares of IPG Photonics by 3.2% in the third quarter. Eagle Ridge Investment Management now owns 54,271 shares of the semiconductor company’s stock valued at $10,043,000 after purchasing an additional 1,705 shares during the period. Aperio Group LLC increased its holdings in shares of IPG Photonics by 3.9% in the third quarter. Aperio Group LLC now owns 7,740 shares of the semiconductor company’s stock valued at $1,432,000 after purchasing an additional 289 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in shares of IPG Photonics by 3.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 125,695 shares of the semiconductor company’s stock valued at $23,261,000 after purchasing an additional 4,225 shares during the period. Marathon Asset Management LLP increased its holdings in shares of IPG Photonics by 12.6% in the third quarter. Marathon Asset Management LLP now owns 247,101 shares of the semiconductor company’s stock valued at $45,722,000 after purchasing an additional 27,633 shares during the period. Finally, APG Asset Management N.V. acquired a new position in shares of IPG Photonics in the third quarter valued at approximately $6,329,000. 56.44% of the stock is currently owned by institutional investors.

Shares of IPG Photonics Corporation (NASDAQ:IPGP) opened at $205.26 on Friday. The company has a quick ratio of 7.46, a current ratio of 9.02 and a debt-to-equity ratio of 0.02. IPG Photonics Corporation has a 12 month low of $95.04 and a 12 month high of $248.23. The firm has a market capitalization of $10,865.26, a P/E ratio of 29.84, a P/E/G ratio of 1.47 and a beta of 1.70.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.32. IPG Photonics had a return on equity of 21.17% and a net margin of 27.85%. The firm had revenue of $392.62 million for the quarter, compared to the consensus estimate of $367.27 million. During the same period in the previous year, the business earned $1.29 earnings per share. The company’s revenue for the quarter was up 47.6% compared to the same quarter last year. research analysts anticipate that IPG Photonics Corporation will post 7.01 EPS for the current year.

A number of research firms have recently issued reports on IPGP. BidaskClub lowered IPG Photonics from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. ValuEngine lowered IPG Photonics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. DA Davidson boosted their target price on IPG Photonics to $235.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Needham & Company LLC lifted their price target on IPG Photonics from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Finally, Benchmark restated a “buy” rating and issued a $230.00 price target on shares of IPG Photonics in a research note on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. IPG Photonics currently has an average rating of “Buy” and an average price target of $180.33.

In other IPG Photonics news, SVP Trevor Ness sold 10,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $208.17, for a total transaction of $2,081,700.00. Following the sale, the senior vice president now directly owns 22,906 shares in the company, valued at $4,768,342.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Eugene A. Shcherbakov sold 9,500 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $198.79, for a total value of $1,888,505.00. Following the sale, the senior vice president now owns 16,957 shares in the company, valued at $3,370,882.03. The disclosure for this sale can be found here. 33.80% of the stock is owned by insiders.

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About IPG Photonics

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 (NASDAQ:IPGP)

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