Russell Investments Group Ltd. Increases Stake in IPG Photonics Co. (NASDAQ:IPGP)

Russell Investments Group Ltd. increased its holdings in IPG Photonics Co. (NASDAQ:IPGPGet Rating) by 59.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,055 shares of the semiconductor company’s stock after purchasing an additional 5,261 shares during the period. Russell Investments Group Ltd.’s holdings in IPG Photonics were worth $1,542,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its holdings in IPG Photonics by 1.2% during the 1st quarter. California Public Employees Retirement System now owns 77,614 shares of the semiconductor company’s stock valued at $8,519,000 after buying an additional 940 shares during the last quarter. Stephens Inc. AR raised its holdings in IPG Photonics by 24.8% during the 1st quarter. Stephens Inc. AR now owns 20,801 shares of the semiconductor company’s stock valued at $2,283,000 after buying an additional 4,128 shares during the last quarter. Victory Capital Management Inc. raised its holdings in IPG Photonics by 0.4% during the 1st quarter. Victory Capital Management Inc. now owns 351,198 shares of the semiconductor company’s stock valued at $33,181,000 after buying an additional 1,242 shares during the last quarter. Trillium Asset Management LLC raised its holdings in IPG Photonics by 5.3% during the 1st quarter. Trillium Asset Management LLC now owns 195,067 shares of the semiconductor company’s stock valued at $21,411,000 after buying an additional 9,894 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in IPG Photonics by 1.9% in the 1st quarter. Arizona State Retirement System now owns 10,387 shares of the semiconductor company’s stock worth $1,140,000 after purchasing an additional 190 shares in the last quarter. 66.65% of the stock is currently owned by institutional investors.

IPG Photonics Price Performance

Shares of IPG Photonics stock opened at $100.26 on Thursday. The company has a 50-day moving average of $97.33 and a 200 day moving average of $108.00. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 5.18 and a beta of 1.36. IPG Photonics Co. has a 1 year low of $82.68 and a 1 year high of $180.54.

IPG Photonics (NASDAQ:IPGPGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The semiconductor company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.04). IPG Photonics had a net margin of 17.91% and a return on equity of 10.31%. The firm had revenue of $377.02 million for the quarter, compared to analysts’ expectations of $373.26 million. During the same period last year, the company posted $1.33 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts anticipate that IPG Photonics Co. will post 4.7 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Benchmark decreased their price objective on shares of IPG Photonics to $165.00 in a report on Tuesday, August 9th. Citigroup decreased their price objective on shares of IPG Photonics from $157.00 to $146.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $168.43.

Insider Activity at IPG Photonics

In other news, CFO Timothy Pv Mammen acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 16th. The shares were bought at an average cost of $83.54 per share, with a total value of $250,620.00. Following the transaction, the chief financial officer now owns 53,493 shares of the company’s stock, valued at approximately $4,468,805.22. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Timothy Pv Mammen acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 16th. The shares were bought at an average cost of $83.54 per share, with a total value of $250,620.00. Following the transaction, the chief financial officer now owns 53,493 shares of the company’s stock, valued at approximately $4,468,805.22. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Valentin Gapontsev Trust I sold 5,000 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $101.77, for a total transaction of $508,850.00. Following the sale, the insider now directly owns 7,429,599 shares in the company, valued at $756,110,290.23. The disclosure for this sale can be found here. 33.50% of the stock is currently owned by insiders.

IPG Photonics Company Profile

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IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company’s laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; 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; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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