Nisa Investment Advisors LLC raised its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 700.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,000 shares of the semiconductor company’s stock after acquiring an additional 3,500 shares during the period. Nisa Investment Advisors LLC’s holdings in IPG Photonics were worth $857,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Advantage Investment Management LLC boosted its holdings in IPG Photonics by 366.5% during the third quarter. Advantage Investment Management LLC now owns 933 shares of the semiconductor company’s stock valued at $173,000 after acquiring an additional 733 shares during the period. Elefante Mark B bought a new stake in IPG Photonics during the third quarter valued at about $201,000. Fulton Bank N.A. bought a new stake in IPG Photonics during the third quarter valued at about $202,000. Aurora Investment Counsel bought a new stake in IPG Photonics during the fourth quarter valued at about $219,000. Finally, MML Investors Services LLC bought a new stake in IPG Photonics during the second quarter valued at about $221,000. Institutional investors own 56.49% of the company’s stock.

IPG Photonics Co. (IPGP) opened at $263.34 on Wednesday. The company has a market cap of $14,170.00, a PE ratio of 38.73, a PEG ratio of 2.85 and a beta of 1.71. The company has a current ratio of 9.02, a quick ratio of 7.46 and a debt-to-equity ratio of 0.02. IPG Photonics Co. has a 52-week low of $102.11 and a 52-week high of $264.11.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $2.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.32. The business had revenue of $392.62 million during the quarter, compared to analyst estimates of $367.27 million. IPG Photonics had a net margin of 27.85% and a return on equity of 21.17%. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 earnings per share. sell-side analysts forecast that IPG Photonics Co. will post 7.13 EPS for the current fiscal year.

A number of equities research analysts have issued reports on IPGP shares. BidaskClub cut shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. DA Davidson upped their price objective on shares of IPG Photonics to $235.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Needham & Company LLC upped their price objective on shares of IPG Photonics from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. They noted that the move was a valuation call. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of IPG Photonics in a research report on Wednesday, November 1st. Finally, Zacks Investment Research lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $180.33.

In other IPG Photonics news, SVP Trevor Ness sold 10,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $208.17, for a total transaction of $2,081,700.00. Following the sale, the senior vice president now directly owns 22,906 shares of the company’s stock, valued at $4,768,342.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Timothy Pv Mammen sold 2,500 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $261.53, for a total transaction of $653,825.00. Following the sale, the chief financial officer now directly owns 33,600 shares in the company, valued at $8,787,408. The disclosure for this sale can be found here. Insiders sold 44,500 shares of company stock valued at $10,717,320 in the last three months. Company insiders own 33.80% of the company’s stock.

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IPG Photonics Profile

IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.

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Institutional Ownership by Quarter for IPG Photonics (NASDAQ:IPGP)

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