Sei Investments Co. cut its holdings in IPG Photonics Co. (NASDAQ:IPGP) by 11.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,070 shares of the semiconductor company’s stock after selling 1,877 shares during the quarter. Sei Investments Co.’s holdings in IPG Photonics were worth $3,284,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Wolverine Asset Management LLC purchased a new stake in shares of IPG Photonics in the fourth quarter valued at approximately $102,000. MUFG Americas Holdings Corp boosted its stake in shares of IPG Photonics by 122.5% in the fourth quarter. MUFG Americas Holdings Corp now owns 485 shares of the semiconductor company’s stock worth $104,000 after acquiring an additional 267 shares during the last quarter. Tiverton Asset Management LLC acquired a new stake in shares of IPG Photonics in the first quarter worth approximately $171,000. Bank of Hawaii acquired a new stake in shares of IPG Photonics in the fourth quarter worth approximately $200,000. Finally, King Luther Capital Management Corp acquired a new stake in shares of IPG Photonics in the fourth quarter worth approximately $203,000. Institutional investors and hedge funds own 57.51% of the company’s stock.

A number of analysts have recently issued reports on the company. Zacks Investment Research raised IPG Photonics from a “hold” rating to a “buy” rating and set a $274.00 price target on the stock in a research note on Wednesday, May 23rd. Benchmark reaffirmed a “buy” rating and issued a $262.00 price target on shares of IPG Photonics in a research note on Monday, May 21st. BidaskClub lowered IPG Photonics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 12th. DA Davidson lifted their price target on IPG Photonics from $1.86 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, ValuEngine raised IPG Photonics from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. IPG Photonics presently has a consensus rating of “Buy” and a consensus target price of $274.00.

In other news, Director William S. Hurley sold 5,255 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $251.42, for a total value of $1,321,212.10. Following the completion of the sale, the director now directly owns 14,005 shares in the company, valued at $3,521,137.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Valentin Gapontsev Trust I sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $233.73, for a total value of $4,674,600.00. The disclosure for this sale can be found here. Insiders sold 43,255 shares of company stock valued at $10,528,512 over the last 90 days. Company insiders own 33.40% of the company’s stock.

Shares of NASDAQ:IPGP opened at $239.38 on Wednesday. The company has a current ratio of 9.54, a quick ratio of 7.71 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $13.09 billion, a PE ratio of 32.97, a PEG ratio of 2.40 and a beta of 1.91. IPG Photonics Co. has a 1 year low of $141.65 and a 1 year high of $264.11.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, May 1st. The semiconductor company reported $1.93 EPS for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.13. The business had revenue of $359.90 million during the quarter, compared to analysts’ expectations of $346.35 million. IPG Photonics had a return on equity of 21.59% and a net margin of 25.56%. The business’s revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.38 earnings per share. research analysts anticipate that IPG Photonics Co. will post 8.48 EPS for the current fiscal 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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