Sumitomo Mitsui Trust Holdings Inc. Boosts Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of IPG Photonics Co. (NASDAQ:IPGP) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 142,041 shares of the semiconductor company’s stock after acquiring an additional 2,364 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.27% of IPG Photonics worth $19,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of IPG Photonics by 142.7% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 6,974 shares of the semiconductor company’s stock worth $946,000 after buying an additional 4,100 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of IPG Photonics by 3.9% during the 3rd quarter. State of Tennessee Treasury Department now owns 16,946 shares of the semiconductor company’s stock worth $2,298,000 after buying an additional 642 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of IPG Photonics by 24.2% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 2,454 shares of the semiconductor company’s stock worth $332,000 after buying an additional 478 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of IPG Photonics by 1.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 5,344 shares of the semiconductor company’s stock worth $725,000 after buying an additional 84 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in shares of IPG Photonics by 78.6% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 2,250 shares of the semiconductor company’s stock worth $298,000 after buying an additional 990 shares in the last quarter. 64.24% of the stock is owned by hedge funds and other institutional investors.

In related news, CTO Igor Samartsev sold 800 shares of IPG Photonics stock in a transaction on Friday, November 1st. The stock was sold at an average price of $134.65, for a total value of $107,720.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 33.90% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on the company. BidaskClub raised IPG Photonics from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Susquehanna Bancshares set a $127.00 target price on IPG Photonics and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Canaccord Genuity set a $150.00 target price on IPG Photonics and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research note on Tuesday, October 29th. Finally, Zacks Investment Research raised IPG Photonics from a “sell” rating to a “hold” rating and set a $115.00 target price for the company in a research note on Tuesday, October 1st. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $161.31.

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NASDAQ IPGP opened at $147.25 on Friday. IPG Photonics Co. has a 1-year low of $104.64 and a 1-year high of $182.17. The business has a 50 day moving average price of $135.60 and a 200 day moving average price of $137.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.08 and a quick ratio of 7.05. The company has a market capitalization of $8.14 billion, a P/E ratio of 19.95, a PEG ratio of 12.42 and a beta of 2.17.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.12). IPG Photonics had a return on equity of 11.50% and a net margin of 19.45%. The business had revenue of $329.14 million for the quarter, compared to analyst estimates of $336.93 million. During the same quarter last year, the business earned $1.84 EPS. IPG Photonics’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, research analysts expect that IPG Photonics Co. will post 4.52 earnings per share for the current fiscal year.

IPG Photonics 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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