Winslow Evans & Crocker Inc. decreased its stake in IPG Photonics Corporation (NASDAQ:IPGP) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,844 shares of the semiconductor company’s stock after selling 1,436 shares during the period. IPG Photonics accounts for 1.8% of Winslow Evans & Crocker Inc.’s portfolio, making the stock its 8th largest position. Winslow Evans & Crocker Inc.’s holdings in IPG Photonics were worth $5,748,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in IPGP. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of IPG Photonics in the 4th quarter worth approximately $128,000. Advantage Investment Management LLC lifted its holdings in shares of IPG Photonics by 366.5% in the 3rd quarter. Advantage Investment Management LLC now owns 933 shares of the semiconductor company’s stock worth $173,000 after purchasing an additional 733 shares during the last quarter. Elefante Mark B bought a new stake in shares of IPG Photonics in the 3rd quarter worth approximately $201,000. Fulton Bank N.A. bought a new stake in shares of IPG Photonics in the 3rd quarter worth approximately $202,000. Finally, Aurora Investment Counsel bought a new stake in shares of IPG Photonics in the 4th quarter worth approximately $219,000. 56.38% of the stock is currently owned by institutional investors and hedge funds.

In other 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 value of $2,081,700.00. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Henry E. Gauthier sold 5,000 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $257.52, for a total value of $1,287,600.00. Following the completion of the sale, the director now directly owns 15,104 shares in the company, valued at approximately $3,889,582.08. The disclosure for this sale can be found here. Insiders have sold a total of 42,000 shares of company stock worth $10,063,495 in the last ninety days. 33.80% of the stock is owned by company insiders.

Shares of IPG Photonics Corporation (NASDAQ:IPGP) traded up $2.30 during trading on Friday, reaching $263.05. The company’s stock had a trading volume of 411,308 shares, compared to its average volume of 616,338. 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 company has a market cap of $14,160.00, a P/E ratio of 38.68, a P/E/G ratio of 2.85 and a beta of 1.71. IPG Photonics Corporation has a 52-week low of $100.34 and a 52-week high of $264.11.

IPG Photonics (NASDAQ:IPGP) last announced its 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. The firm had revenue of $392.62 million for the quarter, compared to the consensus estimate of $367.27 million. IPG Photonics had a return on equity of 21.17% and a net margin of 27.85%. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 EPS. equities research analysts predict that IPG Photonics Corporation will post 7.13 earnings per share for the current year.

Several brokerages recently issued reports on IPGP. BidaskClub raised IPG Photonics from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. ValuEngine downgraded IPG Photonics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. DA Davidson lifted their target price on IPG Photonics to $235.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $240.00 target price on the stock in a research note on Friday, October 27th. Finally, Needham & Company LLC lifted their target price 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. Five research analysts have rated the stock with a hold rating, six have assigned 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.

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IPG Photonics 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.

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

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