Skandinaviska Enskilda Banken AB publ trimmed its stake in shares of IPG Photonics Co. (NASDAQ:IPGP) by 15.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,309 shares of the semiconductor company’s stock after selling 3,752 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in IPG Photonics were worth $2,350,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC grew its position in shares of IPG Photonics by 342.7% during the first quarter. FMR LLC now owns 235,257 shares of the semiconductor company’s stock worth $35,708,000 after buying an additional 182,112 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of IPG Photonics by 5.1% in the 4th quarter. Victory Capital Management Inc. now owns 17,599 shares of the semiconductor company’s stock valued at $2,550,000 after purchasing an additional 853 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of IPG Photonics in the 4th quarter valued at $101,000. Bank of Montreal Can lifted its position in shares of IPG Photonics by 21.4% during the 4th quarter. Bank of Montreal Can now owns 26,788 shares of the semiconductor company’s stock worth $3,882,000 after purchasing an additional 4,726 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of IPG Photonics by 2.7% during the 4th quarter. Prudential Financial Inc. now owns 34,243 shares of the semiconductor company’s stock worth $4,963,000 after purchasing an additional 890 shares during the last quarter. Institutional investors own 65.21% of the company’s stock.

Shares of IPGP opened at $155.22 on Tuesday. IPG Photonics Co. has a 1 year low of $98.04 and a 1 year high of $170.03. The company’s fifty day moving average is $157.36 and its two-hundred day moving average is $137.05. The stock has a market capitalization of $8.23 billion, a P/E ratio of 51.57, a P/E/G ratio of 2.36 and a beta of 1.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.73 and a current ratio of 9.59.

IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, May 5th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.52. The company had revenue of $249.20 million during the quarter, compared to analysts’ expectations of $231.74 million. IPG Photonics had a net margin of 12.93% and a return on equity of 8.57%. The firm’s quarterly revenue was down 20.9% compared to the same quarter last year. During the same period last year, the company posted $1.02 earnings per share. Sell-side analysts predict that IPG Photonics Co. will post 2.63 EPS for the current year.

IPGP has been the subject of several analyst reports. DA Davidson upped their price objective on IPG Photonics from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. ValuEngine downgraded IPG Photonics from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Raymond James cut shares of IPG Photonics from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, May 26th. BidaskClub cut shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research note on Monday, March 23rd. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $156.80.

In other news, SVP Trevor Ness sold 1,755 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $145.16, for a total transaction of $254,755.80. Following the completion of the transaction, the senior vice president now directly owns 24,141 shares of the company’s stock, valued at approximately $3,504,307.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Timothy Pv Mammen sold 14,200 shares of IPG Photonics stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $153.69, for a total value of $2,182,398.00. Following the transaction, the chief financial officer now owns 58,169 shares of the company’s stock, valued at $8,939,993.61. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,055 shares of company stock valued at $7,826,126. 34.00% of the stock is currently owned by insiders.

IPG Photonics Company Profile

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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

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