IPG Photonics Co. (NASDAQ:IPGP) Holdings Boosted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its holdings in IPG Photonics Co. (NASDAQ:IPGP) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,344 shares of the semiconductor company’s stock after acquiring an additional 84 shares during the period. Janney Montgomery Scott LLC’s holdings in IPG Photonics were worth $725,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cerebellum GP LLC bought a new position in IPG Photonics in the third quarter worth about $50,000. TRUE Private Wealth Advisors bought a new position in IPG Photonics in the second quarter worth about $38,000. Griffin Asset Management Inc. bought a new position in IPG Photonics in the second quarter worth about $42,000. Meeder Asset Management Inc. lifted its holdings in IPG Photonics by 222.1% in the third quarter. Meeder Asset Management Inc. now owns 277 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 191 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in IPG Photonics by 322.5% in the second quarter. Signaturefd LLC now owns 507 shares of the semiconductor company’s stock worth $78,000 after acquiring an additional 387 shares during the last quarter. 63.85% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CTO Igor Samartsev sold 800 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $134.65, for a total transaction of $107,720.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 33.90% of the stock is owned by insiders.

IPGP has been the topic of a number of recent research reports. Susquehanna Bancshares set a $127.00 target price on shares of IPG Photonics and gave the stock a “hold” rating in a report on Wednesday, July 31st. BidaskClub raised shares of IPG Photonics from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Raymond James cut their target price on shares of IPG Photonics from $204.00 to $190.00 and set a “strong-buy” rating on the stock in a report on Wednesday, July 31st. DA Davidson cut their price target on IPG Photonics to $150.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Citigroup cut their price target on IPG Photonics from $181.10 to $168.10 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. IPG Photonics has a consensus rating of “Buy” and a consensus target price of $161.31.

Shares of IPGP traded down $0.44 during mid-day trading on Tuesday, reaching $142.35. 5,888 shares of the company’s stock traded hands, compared to its average volume of 524,050. The business’s 50-day moving average price is $136.15 and its 200-day moving average price is $137.53. The stock has a market capitalization of $7.81 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 11.94 and a beta of 2.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.05 and a current ratio of 9.08. IPG Photonics Co. has a 12 month low of $104.64 and a 12 month high of $182.17.

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

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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