Standard Life Aberdeen plc Acquires 719 Shares of IPG Photonics Co. (IPGP)

Standard Life Aberdeen plc increased its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,457 shares of the semiconductor company’s stock after buying an additional 719 shares during the period. Standard Life Aberdeen plc’s holdings in IPG Photonics were worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ipswich Investment Management Co. Inc. acquired a new position in IPG Photonics during the fourth quarter worth $44,000. ETF Managers Group LLC increased its holdings in IPG Photonics by 15.7% during the fourth quarter. ETF Managers Group LLC now owns 553 shares of the semiconductor company’s stock worth $63,000 after buying an additional 75 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in IPG Photonics by 205.3% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 638 shares of the semiconductor company’s stock worth $100,000 after buying an additional 429 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in IPG Photonics by 15,080.9% during the third quarter. Rehmann Capital Advisory Group now owns 16,699 shares of the semiconductor company’s stock worth $107,000 after buying an additional 16,589 shares during the last quarter. Finally, Thornburg Investment Management Inc. acquired a new position in IPG Photonics during the fourth quarter worth $135,000. Institutional investors and hedge funds own 65.44% of the company’s stock.

IPGP stock opened at $153.61 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.35 and a quick ratio of 5.70. IPG Photonics Co. has a one year low of $104.64 and a one year high of $261.77. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 3.08 and a beta of 1.85.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, February 12th. The semiconductor company reported $1.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.43 by ($0.03). IPG Photonics had a return on equity of 18.66% and a net margin of 27.67%. The company had revenue of $330.10 million for the quarter, compared to the consensus estimate of $314.91 million. During the same period last year, the firm earned $1.86 earnings per share. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that IPG Photonics Co. will post 6.27 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on the stock. BidaskClub upgraded shares of IPG Photonics from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. Zacks Investment Research downgraded shares of IPG Photonics from a “hold” rating to a “strong sell” rating in a report on Friday, February 15th. Northcoast Research downgraded shares of IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, February 13th. Susquehanna Bancshares set a $146.00 target price on shares of IPG Photonics and gave the stock a “hold” rating in a report on Thursday, February 14th. Finally, ValuEngine upgraded shares of IPG Photonics from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $190.91.

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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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