Baker Chad R reduced its stake in shares of IPG Photonics Corporation (NASDAQ:IPGP) by 16.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,760 shares of the semiconductor company’s stock after selling 8,475 shares during the quarter. IPG Photonics comprises about 3.2% of Baker Chad R’s portfolio, making the stock its 8th biggest position. Baker Chad R owned 0.08% of IPG Photonics worth $8,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advantage Investment Management LLC lifted its holdings in IPG Photonics by 366.5% in the third quarter. Advantage Investment Management LLC now owns 933 shares of the semiconductor company’s stock valued at $173,000 after buying an additional 733 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in IPG Photonics by 10.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,380 shares of the semiconductor company’s stock valued at $200,000 after buying an additional 131 shares during the period. Elefante Mark B acquired a new position in IPG Photonics in the third quarter valued at approximately $201,000. Fulton Bank N.A. acquired a new position in IPG Photonics in the third quarter valued at approximately $202,000. Finally, Cigna Investments Inc. New acquired a new position in IPG Photonics in the second quarter valued at approximately $213,000. 56.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of IPG Photonics Corporation (NASDAQ:IPGP) opened at $206.65 on Tuesday. The company has a quick ratio of 7.46, a current ratio of 9.02 and a debt-to-equity ratio of 0.02. The firm has a market cap of $11,005.19, a price-to-earnings ratio of 30.23, a price-to-earnings-growth ratio of 1.49 and a beta of 1.70. IPG Photonics Corporation has a twelve month low of $95.04 and a twelve month high of $248.23.

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

In other IPG Photonics news, SVP Eugene A. Shcherbakov sold 9,500 shares of the stock in a transaction on Monday, October 16th. The shares were 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 directly owns 16,957 shares in the company, valued at $3,370,882.03. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Trevor Ness sold 10,000 shares of the 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 completion of the sale, the senior vice president now owns 22,906 shares in the company, valued at $4,768,342.02. The disclosure for this sale can be found here. Company insiders own 33.80% of the company’s stock.

Several brokerages recently weighed in on IPGP. BidaskClub lowered shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. ValuEngine lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. DA Davidson increased their price objective on shares of IPG Photonics to $235.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Needham & Company LLC increased their price objective on shares of IPG Photonics from $210.00 to $230.00 and gave the company a “buy” rating in a report 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 objective on shares of IPG Photonics in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. IPG Photonics currently has an average rating of “Buy” and a consensus price target of $180.33.

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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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