Hunter Associates Investment Management LLC continued to hold its position in IPG Photonics Corporation (NASDAQ:IPGP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,290 shares of the semiconductor company’s stock at the close of the second quarter. Hunter Associates Investment Management LLC’s holdings in IPG Photonics Corporation were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of IPG Photonics Corporation by 4.1% in the second quarter. BlackRock Inc. now owns 3,078,662 shares of the semiconductor company’s stock valued at $446,714,000 after acquiring an additional 121,338 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of IPG Photonics Corporation by 8.8% in the second quarter. Vanguard Group Inc. now owns 3,054,060 shares of the semiconductor company’s stock valued at $443,143,000 after acquiring an additional 245,876 shares during the last quarter. State Street Corp raised its stake in shares of IPG Photonics Corporation by 2.4% in the first quarter. State Street Corp now owns 935,410 shares of the semiconductor company’s stock valued at $112,902,000 after acquiring an additional 22,314 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of IPG Photonics Corporation by 25.6% in the first quarter. Clearbridge Investments LLC now owns 934,882 shares of the semiconductor company’s stock valued at $112,840,000 after acquiring an additional 190,514 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its stake in shares of IPG Photonics Corporation by 5.3% in the second 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 during the last quarter. Institutional investors own 59.07% of the company’s stock.

IPG Photonics Corporation (NASDAQ IPGP) traded up 1.8399% on Friday, reaching $186.5706. 107,703 shares of the company traded hands. The company has a market capitalization of $10.04 billion, a PE ratio of 31.2409 and a beta of 1.64. IPG Photonics Corporation has a 52-week low of $80.74 and a 52-week high of $186.81. The stock has a 50-day moving average of $170.04 and a 200 day moving average of $143.74.

IPG Photonics Corporation (NASDAQ:IPGP) last issued its earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $333.06 million. During the same quarter last year, the business posted $1.25 earnings per share. The company’s quarterly revenue was up 46.1% on a year-over-year basis. On average, equities analysts forecast that IPG Photonics Corporation will post $6.62 EPS for the current year.

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IPGP has been the subject of several research analyst reports. Canaccord Genuity restated a “buy” rating and issued a $152.00 price objective (up previously from $138.00) on shares of IPG Photonics Corporation in a research report on Friday, June 16th. Needham & Company LLC boosted their price objective on shares of IPG Photonics Corporation from $146.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Macquarie cut shares of IPG Photonics Corporation from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $28.00 to $24.00 in a research report on Tuesday, June 6th. ValuEngine upgraded shares of IPG Photonics Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $170.00 price objective (up previously from $165.00) on shares of IPG Photonics Corporation in a research report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $150.25.

In other IPG Photonics Corporation news, SVP Trevor Ness sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $145.69, for a total value of $728,450.00. Following the sale, the senior vice president now owns 17,906 shares in the company, valued at $2,608,725.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Alexander Ovtchinnikov sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $160.30, for a total transaction of $1,923,600.00. Following the completion of the sale, the senior vice president now owns 83,595 shares in the company, valued at approximately $13,400,278.50. The disclosure for this sale can be found here. Insiders sold 67,017 shares of company stock worth $10,799,211 in the last 90 days. Company insiders own 33.80% of the company’s stock.

IPG Photonics Corporation Company 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 Corporation (NASDAQ:IPGP)

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