Legal & General Group Plc increased its stake in shares of IPG Photonics Corporation (NASDAQ:IPGP) by 12.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,371 shares of the semiconductor company’s stock after purchasing an additional 3,645 shares during the period. Legal & General Group Plc owned 0.06% of IPG Photonics worth $5,991,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in shares of IPG Photonics during the 2nd quarter worth about $352,000. Prudential PLC raised its position in shares of IPG Photonics by 12.3% during the 2nd quarter. Prudential PLC now owns 43,000 shares of the semiconductor company’s stock worth $6,239,000 after purchasing an additional 4,700 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of IPG Photonics during the 3rd quarter worth about $8,013,000. Eagle Asset Management Inc. grew its stake in IPG Photonics by 5.3% during the 2nd quarter. Eagle Asset Management Inc. now owns 759,708 shares of the semiconductor company’s stock valued at $110,233,000 after acquiring an additional 37,918 shares in the last quarter. Finally, Alps Advisors Inc. grew its stake in IPG Photonics by 14.4% during the 3rd quarter. Alps Advisors Inc. now owns 4,629 shares of the semiconductor company’s stock valued at $857,000 after acquiring an additional 582 shares in the last quarter. Hedge funds and other institutional investors own 56.45% of the company’s stock.

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

Shares of IPG Photonics Corporation (NASDAQ:IPGP) opened at $208.06 on Friday. IPG Photonics Corporation has a one year low of $95.04 and a one year high of $248.23. The stock has a market cap of $11,020.21, a PE ratio of 30.27, a P/E/G ratio of 2.45 and a beta of 1.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.46 and a current ratio of 9.02.

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 consensus estimate of $1.79 by $0.32. IPG Photonics had a net margin of 27.85% and a return on equity of 21.17%. The business had revenue of $392.62 million during the quarter, compared to analysts’ expectations of $367.27 million. During the same quarter in the prior year, the company posted $1.29 EPS. The business’s revenue for the quarter was up 47.6% on a year-over-year basis. equities analysts expect that IPG Photonics Corporation will post 6.99 earnings per share for the current year.

Several analysts recently issued reports on IPGP shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $170.00 price objective (up previously from $165.00) on shares of IPG Photonics in a research note on Friday, September 1st. ValuEngine raised shares of IPG Photonics from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. DA Davidson reaffirmed a “buy” rating and set a $220.00 price objective on shares of IPG Photonics in a research note on Tuesday, October 10th. Zacks Investment Research cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective (up previously from $182.00) on shares of IPG Photonics in a research note on Friday, October 20th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. IPG Photonics presently has a consensus rating of “Buy” and a consensus target price 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.

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

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