Strs Ohio acquired a new stake in IPG Photonics Co. (NASDAQ:IPGP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 475 shares of the semiconductor company’s stock, valued at approximately $101,000.

Other hedge funds have also made changes to their positions in the company. Harding Loevner LP boosted its position in shares of IPG Photonics by 86.6% during the third quarter. Harding Loevner LP now owns 2,825,425 shares of the semiconductor company’s stock worth $167,055,000 after purchasing an additional 1,311,384 shares in the last quarter. Jackson Square Partners LLC bought a new position in shares of IPG Photonics during the third quarter worth $85,354,000. BRILLIANCE ASSET MANAGEMENT Ltd boosted its position in shares of IPG Photonics by 142.5% during the third quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 531,811 shares of the semiconductor company’s stock worth $98,417,000 after purchasing an additional 312,467 shares in the last quarter. Ardevora Asset Management LLP bought a new position in shares of IPG Photonics during the third quarter worth $40,084,000. Finally, JPMorgan Chase & Co. boosted its position in shares of IPG Photonics by 41.6% during the third quarter. JPMorgan Chase & Co. now owns 462,817 shares of the semiconductor company’s stock worth $85,010,000 after purchasing an additional 136,082 shares in the last quarter. 56.02% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of IPG Photonics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Needham & Company LLC lifted their price target on shares of IPG Photonics from $230.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Northcoast Research reissued a “buy” rating and set a $290.00 price target on shares of IPG Photonics in a research report on Wednesday, January 31st. BidaskClub cut shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, ValuEngine cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $196.30.

In related news, SVP Trevor Ness sold 10,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $208.17, for a total value 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 approximately $4,768,342.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Igor Samartsev sold 8,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $221.59, for a total transaction of $1,772,720.00. The disclosure for this sale can be found here. Insiders sold a total of 49,500 shares of company stock worth $11,979,620 over the last ninety days. 33.80% of the stock is currently owned by insiders.

Shares of IPG Photonics Co. (NASDAQ IPGP) opened at $252.46 on Thursday. The company has a market cap of $13,540.00, a price-to-earnings ratio of 37.13, a P/E/G ratio of 2.62 and a beta of 1.88. IPG Photonics Co. has a 52-week low of $116.02 and a 52-week high of $264.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.02 and a quick ratio of 7.46.

COPYRIGHT VIOLATION WARNING: “Strs Ohio Invests $101,000 in IPG Photonics Co. (IPGP) Stock” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://theolympiareport.com/2018/02/15/strs-ohio-invests-101000-in-ipg-photonics-co-ipgp-stock.html.

IPG Photonics Company 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.

Want to see what other hedge funds are holding IPGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IPG Photonics Co. (NASDAQ:IPGP).

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

Receive News & Ratings for IPG Photonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics and related companies with MarketBeat.com's FREE daily email newsletter.