IPG Photonics Corporation (IPGP) Holdings Boosted by Flinton Capital Management LLC

Flinton Capital Management LLC raised its stake in shares of IPG Photonics Corporation (NASDAQ:IPGP) by 144.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,464 shares of the semiconductor company’s stock after purchasing an additional 1,456 shares during the period. Flinton Capital Management LLC’s holdings in IPG Photonics Corporation were worth $358,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of IPGP. BlackRock Inc. lifted its holdings in IPG Photonics Corporation by 15,820.1% during the first quarter. BlackRock Inc. now owns 2,957,324 shares of the semiconductor company’s stock valued at $356,949,000 after purchasing an additional 2,938,748 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in IPG Photonics Corporation by 50,089.7% during the second quarter. JPMorgan Chase & Co. now owns 326,735 shares of the semiconductor company’s stock valued at $47,409,000 after purchasing an additional 326,084 shares in the last quarter. Vanguard Group Inc. lifted its holdings in IPG Photonics Corporation by 8.8% during the second quarter. Vanguard Group Inc. now owns 3,054,060 shares of the semiconductor company’s stock valued at $443,143,000 after purchasing an additional 245,876 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in IPG Photonics Corporation by 25.6% during the first quarter. Clearbridge Investments LLC now owns 934,882 shares of the semiconductor company’s stock valued at $112,840,000 after purchasing an additional 190,514 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in IPG Photonics Corporation by 95.2% during the second quarter. Prudential Financial Inc. now owns 281,397 shares of the semiconductor company’s stock valued at $40,831,000 after purchasing an additional 137,210 shares in the last quarter. 59.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of IPG Photonics Corporation (IPGP) opened at 194.63 on Thursday. IPG Photonics Corporation has a 12 month low of $81.00 and a 12 month high of $196.09. The firm has a market capitalization of $10.48 billion, a PE ratio of 32.59 and a beta of 1.68. The stock has a 50 day moving average of $180.43 and a 200-day moving average of $151.44.

IPG Photonics Corporation (NASDAQ:IPGP) last announced its earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.28. IPG Photonics Corporation had a net margin of 26.84% and a return on equity of 19.75%. The firm had revenue of $369.37 million during the quarter, compared to the consensus estimate of $333.06 million. During the same quarter in the previous year, the company posted $1.25 EPS. The firm’s revenue for the quarter was up 46.1% on a year-over-year basis. On average, equities research analysts anticipate that IPG Photonics Corporation will post $6.64 EPS for the current fiscal year.

Several equities analysts have issued reports on IPGP shares. DA Davidson reaffirmed a “buy” rating and set a $220.00 price objective on shares of IPG Photonics Corporation in a report on Tuesday. ValuEngine downgraded shares of IPG Photonics Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $170.00 target price (up from $165.00) on shares of IPG Photonics Corporation in a research report on Friday, September 1st. Canaccord Genuity reiterated a “buy” rating and issued a $152.00 target price (up from $138.00) on shares of IPG Photonics Corporation in a research report on Friday, June 16th. Finally, Benchmark Co. reiterated a “buy” rating and issued a $180.00 target price on shares of IPG Photonics Corporation in a research report on Wednesday, August 2nd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $158.75.

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In related news, CFO Timothy Pv Mammen sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $162.87, for a total value of $1,628,700.00. Following the completion of the transaction, the chief financial officer now owns 41,100 shares of the company’s stock, valued at approximately $6,693,957. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Eugene A. Shcherbakov sold 8,500 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $154.28, for a total transaction of $1,311,380.00. Following the completion of the transaction, the senior vice president now directly owns 16,957 shares of the company’s stock, valued at approximately $2,616,125.96. The disclosure for this sale can be found here. Insiders sold a total of 62,017 shares of company stock valued at $10,070,761 in the last three months. 33.80% of the stock is currently owned by corporate insiders.

IPG Photonics Corporation 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.

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

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