Alpha DNA Investment Management LLC Takes Position in IPG Photonics Co. (NASDAQ:IPGP)

Alpha DNA Investment Management LLC purchased a new position in shares of IPG Photonics Co. (NASDAQ:IPGP) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,826 shares of the semiconductor company’s stock, valued at approximately $596,000.

A number of other institutional investors have also made changes to their positions in the stock. Sei Investments Co. boosted its position in IPG Photonics by 14.9% during the 1st quarter. Sei Investments Co. now owns 50,010 shares of the semiconductor company’s stock worth $10,549,000 after purchasing an additional 6,481 shares during the period. Brinker Capital Investments LLC purchased a new position in IPG Photonics in the 1st quarter valued at about $471,000. Sciencast Management LP purchased a new position in IPG Photonics in the 1st quarter valued at about $383,000. Strategy Asset Managers LLC purchased a new position in IPG Photonics in the 1st quarter valued at about $547,000. Finally, M&G Investment Management Ltd. boosted its position in IPG Photonics by 20.8% in the 1st quarter. M&G Investment Management Ltd. now owns 97,852 shares of the semiconductor company’s stock valued at $20,647,000 after buying an additional 16,859 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

In other IPG Photonics news, major shareholder Fibre Devices Ltd Ip sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 20th. The shares were sold at an average price of $201.06, for a total value of $2,513,250.00. Following the sale, the insider now owns 6,971,061 shares in the company, valued at $1,401,601,524.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Igor Samartsev sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $213.04, for a total transaction of $106,520.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,837 shares of company stock worth $9,461,884. 32.90% of the stock is owned by company insiders.

A number of research firms have weighed in on IPGP. Benchmark raised shares of IPG Photonics from a “hold” rating to a “buy” rating and set a $230.00 price objective for the company in a research report on Wednesday, May 5th. Needham & Company LLC decreased their price objective on shares of IPG Photonics from $280.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, May 5th. Canaccord Genuity upped their target price on shares of IPG Photonics from $177.00 to $240.00 and gave the company a “hold” rating in a research note on Monday, March 1st. Finally, DA Davidson cut their target price on shares of IPG Photonics from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, May 5th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $227.25.

IPGP opened at $205.21 on Friday. The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of 57.81 and a beta of 1.38. IPG Photonics Co. has a fifty-two week low of $149.51 and a fifty-two week high of $262.55. The stock’s 50-day simple moving average is $211.27. The company has a current ratio of 10.26, a quick ratio of 8.54 and a debt-to-equity ratio of 0.01.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, May 4th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.17. The firm had revenue of $345.59 million for the quarter, compared to analyst estimates of $324.11 million. IPG Photonics had a net margin of 14.75% and a return on equity of 9.69%. IPG Photonics’s quarterly revenue was up 38.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. Equities analysts anticipate that IPG Photonics Co. will post 5.45 EPS for the current year.

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 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; 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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