IPG Photonics Co. (NASDAQ:IPGP) Shares Bought by Jackson Square Partners LLC

Jackson Square Partners LLC boosted its position in IPG Photonics Co. (NASDAQ:IPGP) by 12.6% during the first quarter, Holdings Channel reports. The institutional investor owned 518,014 shares of the semiconductor company’s stock after acquiring an additional 57,957 shares during the quarter. Jackson Square Partners LLC’s holdings in IPG Photonics were worth $78,624,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of IPGP. Andra AP fonden bought a new position in shares of IPG Photonics in the first quarter worth about $1,791,000. American Capital Management Inc. raised its stake in shares of IPG Photonics by 1.0% in the first quarter. American Capital Management Inc. now owns 132,549 shares of the semiconductor company’s stock worth $20,118,000 after acquiring an additional 1,362 shares during the last quarter. Amica Retiree Medical Trust bought a new position in shares of IPG Photonics in the first quarter worth about $450,000. Lazard Asset Management LLC raised its stake in shares of IPG Photonics by 1.3% in the first quarter. Lazard Asset Management LLC now owns 828,820 shares of the semiconductor company’s stock worth $125,797,000 after acquiring an additional 10,637 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of IPG Photonics by 7.3% in the first quarter. First Eagle Investment Management LLC now owns 1,627,820 shares of the semiconductor company’s stock worth $247,071,000 after acquiring an additional 110,989 shares during the last quarter. Institutional investors and hedge funds own 65.84% of the company’s stock.

In other news, SVP Trevor Ness sold 5,025 shares of IPG Photonics stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $170.22, for a total transaction of $855,355.50. Following the completion of the sale, the senior vice president now owns 25,657 shares in the company, valued at approximately $4,367,334.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Igor Samartsev sold 800 shares of IPG Photonics stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $172.10, for a total transaction of $137,680.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,825 shares of company stock valued at $2,618,936. 33.90% of the stock is owned by corporate insiders.

Shares of NASDAQ:IPGP traded down $3.49 during trading on Wednesday, hitting $132.60. 12,891 shares of the company’s stock were exchanged, compared to its average volume of 478,814. IPG Photonics Co. has a 1-year low of $104.64 and a 1-year high of $246.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.54 and a quick ratio of 6.55. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 2.89 and a beta of 2.07.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.02). IPG Photonics had a return on equity of 16.09% and a net margin of 24.94%. The business had revenue of $315.00 million for the quarter, compared to analyst estimates of $308.75 million. During the same quarter in the prior year, the firm earned $1.93 EPS. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. Equities research analysts anticipate that IPG Photonics Co. will post 5.78 earnings per share for the current year.

A number of equities analysts have weighed in on IPGP shares. TheStreet raised shares of IPG Photonics from a “c+” rating to a “b-” rating in a research note on Tuesday, February 26th. Benchmark reaffirmed a “buy” rating and issued a $165.00 target price on shares of IPG Photonics in a research note on Thursday, February 14th. Raymond James dropped their target price on shares of 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 dropped their target price on shares of 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 reaffirmed a “buy” rating and issued a $170.00 target price (up 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, eight have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $185.90.

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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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