Andra AP fonden trimmed its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 50.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,400 shares of the semiconductor company’s stock after selling 4,400 shares during the period. Andra AP fonden’s holdings in IPG Photonics were worth $687,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Concorde Asset Management LLC lifted its stake in IPG Photonics by 10.1% during the second quarter. Concorde Asset Management LLC now owns 3,059 shares of the semiconductor company’s stock worth $675,000 after purchasing an additional 280 shares in the last quarter. Westpac Banking Corp lifted its stake in IPG Photonics by 13.7% during the second quarter. Westpac Banking Corp now owns 2,445 shares of the semiconductor company’s stock worth $539,000 after purchasing an additional 295 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in IPG Photonics by 5.8% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,524 shares of the semiconductor company’s stock worth $1,219,000 after purchasing an additional 304 shares in the last quarter. Piedmont Investment Advisors LLC lifted its stake in IPG Photonics by 6.3% during the second quarter. Piedmont Investment Advisors LLC now owns 5,381 shares of the semiconductor company’s stock worth $1,187,000 after purchasing an additional 317 shares in the last quarter. Finally, Granahan Investment Management Inc. MA lifted its stake in IPG Photonics by 3.2% during the second quarter. Granahan Investment Management Inc. MA now owns 12,922 shares of the semiconductor company’s stock worth $2,851,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 58.13% of the company’s stock.

IPG Photonics stock opened at $134.76 on Monday. IPG Photonics Co. has a 1-year low of $126.57 and a 1-year high of $264.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.94 and a current ratio of 8.73. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.89 and a beta of 1.80.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, July 31st. The semiconductor company reported $2.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.22 by ($0.01). IPG Photonics had a net margin of 25.96% and a return on equity of 21.55%. The business had revenue of $413.61 million during the quarter, compared to analyst estimates of $418.61 million. During the same quarter in the prior year, the business earned $1.91 earnings per share. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, analysts anticipate that IPG Photonics Co. will post 7.74 earnings per share for the current fiscal year.

A number of research analysts have commented on the company. Northcoast Research restated a “buy” rating and set a $208.00 price target on shares of IPG Photonics in a research note on Thursday, August 2nd. Stifel Nicolaus reduced their price objective on IPG Photonics from $282.00 to $228.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Needham & Company LLC reduced their price objective on IPG Photonics from $280.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. BidaskClub cut IPG Photonics from a “buy” rating to a “hold” rating in a research note on Saturday, July 28th. Finally, Dougherty & Co reiterated a “buy” rating on shares of IPG Photonics in a research note on Tuesday, August 21st. Three analysts have rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $223.25.

About IPG Photonics

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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