IPG Photonics Co. (NASDAQ:IPGP) Shares Sold by American International Group Inc.

American International Group Inc. decreased its holdings in shares of IPG Photonics Co. (NASDAQ:IPGP) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,435 shares of the semiconductor company’s stock after selling 593 shares during the quarter. American International Group Inc.’s holdings in IPG Photonics were worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of IPGP. Geode Capital Management LLC boosted its stake in shares of IPG Photonics by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 553,872 shares of the semiconductor company’s stock worth $62,654,000 after acquiring an additional 24,320 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of IPG Photonics by 1.6% during the 4th quarter. California State Teachers Retirement System now owns 57,588 shares of the semiconductor company’s stock worth $6,524,000 after acquiring an additional 904 shares in the last quarter. Gideon Capital Advisors Inc. bought a new stake in shares of IPG Photonics during the 4th quarter worth about $213,000. Prudential PLC boosted its stake in shares of IPG Photonics by 264.1% during the 4th quarter. Prudential PLC now owns 194,817 shares of the semiconductor company’s stock worth $22,071,000 after acquiring an additional 141,317 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of IPG Photonics by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 326,446 shares of the semiconductor company’s stock worth $36,988,000 after acquiring an additional 9,214 shares in the last quarter. Institutional investors and hedge funds own 67.33% of the company’s stock.

Shares of NASDAQ IPGP traded up $1.72 during trading hours on Friday, hitting $175.48. 281,036 shares of the company’s stock were exchanged, compared to its average volume of 432,956. IPG Photonics Co. has a 1-year low of $104.64 and a 1-year high of $261.77. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.70 and a current ratio of 7.35. The stock has a market capitalization of $9.32 billion, a PE ratio of 23.78, a P/E/G ratio of 4.12 and a beta of 1.84.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, February 12th. The semiconductor company reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.03). IPG Photonics had a return on equity of 18.66% and a net margin of 27.67%. The business had revenue of $330.10 million for the quarter, compared to analyst estimates of $314.91 million. During the same period in the prior year, the firm posted $1.86 EPS. IPG Photonics’s revenue for the quarter was down 8.6% on a year-over-year basis. As a group, equities research analysts forecast that IPG Photonics Co. will post 5.79 EPS for the current fiscal year.

Several analysts have recently issued reports on IPGP shares. TheStreet upgraded IPG Photonics from a “c+” rating to a “b-” rating in a research note on Tuesday, February 26th. Benchmark reiterated a “buy” rating and set a $165.00 price target on shares of IPG Photonics in a research note on Thursday, February 14th. Raymond James decreased their price target on IPG Photonics from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, February 13th. DA Davidson decreased their price target on IPG Photonics to $175.00 and set a “buy” rating for the company in a research note on Wednesday, February 13th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $170.00 price target (up previously from $157.00) on shares of IPG Photonics in a research note on Wednesday, February 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $180.60.

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IPG Photonics Profile

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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