Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP) by 105.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,700 shares of the semiconductor company’s stock after purchasing an additional 1,900 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in IPG Photonics were worth $816,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Psagot Investment House Ltd. acquired a new position in IPG Photonics in the 2nd quarter worth $124,000. NumerixS Investment Technologies Inc acquired a new position in IPG Photonics in the 2nd quarter worth $128,000. Signet Financial Management LLC lifted its holdings in IPG Photonics by 556.7% in the 2nd quarter. Signet Financial Management LLC now owns 683 shares of the semiconductor company’s stock worth $151,000 after buying an additional 579 shares in the last quarter. Pendal Group Ltd acquired a new position in IPG Photonics in the 2nd quarter worth $162,000. Finally, C M Bidwell & Associates Ltd. lifted its holdings in IPG Photonics by 41.7% in the 1st quarter. C M Bidwell & Associates Ltd. now owns 850 shares of the semiconductor company’s stock worth $198,000 after buying an additional 250 shares in the last quarter. 58.36% of the stock is owned by hedge funds and other institutional investors.

NASDAQ IPGP opened at $157.56 on Tuesday. The company has a quick ratio of 6.94, a current ratio of 8.73 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 1.64 and a beta of 1.78. IPG Photonics Co. has a 52 week low of $153.37 and a 52 week high of $264.11.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, July 31st. The semiconductor company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.01). The company had revenue of $413.61 million during the quarter, compared to the consensus estimate of $418.61 million. IPG Photonics had a net margin of 25.96% and a return on equity of 21.55%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business earned $1.91 earnings per share. equities analysts expect that IPG Photonics Co. will post 8.02 earnings per share for the current year.

A number of equities research analysts have recently issued reports on IPGP shares. Benchmark restated a “buy” rating and issued a $262.00 target price on shares of IPG Photonics in a research note on Monday, May 21st. Zacks Investment Research upgraded shares of IPG Photonics from a “hold” rating to a “buy” rating and set a $274.00 target price on the stock in a research note on Wednesday, May 23rd. BidaskClub lowered shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 12th. ValuEngine lowered shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. Finally, Needham & Company LLC dropped their price objective on shares of IPG Photonics from $280.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $242.00.

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.

Further Reading: Market Capitalization and Individual Investors

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

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