GUARDCAP ASSET MANAGEMENT Ltd Increases Holdings in IPG Photonics Co. (NASDAQ:IPGP)

GUARDCAP ASSET MANAGEMENT Ltd boosted its holdings in shares of IPG Photonics Co. (NASDAQ:IPGPFree Report) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,851 shares of the semiconductor company’s stock after purchasing an additional 1,430 shares during the quarter. IPG Photonics comprises 0.0% of GUARDCAP ASSET MANAGEMENT Ltd’s portfolio, making the stock its 25th biggest holding. GUARDCAP ASSET MANAGEMENT Ltd’s holdings in IPG Photonics were worth $1,720,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC grew its holdings in shares of IPG Photonics by 127.2% in the third quarter. VisionPoint Advisory Group LLC now owns 259 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in IPG Photonics in the 4th quarter worth about $40,000. Disciplined Equity Management Inc. bought a new position in shares of IPG Photonics during the fourth quarter valued at approximately $43,000. Assetmark Inc. raised its holdings in shares of IPG Photonics by 39.4% in the third quarter. Assetmark Inc. now owns 612 shares of the semiconductor company’s stock worth $62,000 after buying an additional 173 shares during the period. Finally, AM Squared Ltd lifted its stake in shares of IPG Photonics by 200.0% during the 4th quarter. AM Squared Ltd now owns 600 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 400 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors.

IPG Photonics Price Performance

Shares of NASDAQ:IPGP traded up $0.47 during trading hours on Tuesday, hitting $89.76. The company’s stock had a trading volume of 172,375 shares, compared to its average volume of 287,358. The firm’s fifty day moving average price is $88.03 and its 200 day moving average price is $93.89. IPG Photonics Co. has a 52 week low of $80.33 and a 52 week high of $141.85. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 23.13 and a beta of 1.17.

IPG Photonics (NASDAQ:IPGPGet Free Report) last announced its earnings results on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $252.00 million for the quarter, compared to analysts’ expectations of $255.53 million. IPG Photonics had a return on equity of 7.67% and a net margin of 15.34%. The business’s revenue for the quarter was down 27.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 EPS. On average, equities research analysts predict that IPG Photonics Co. will post 2.81 earnings per share for the current fiscal year.

IPG Photonics declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 13th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the semiconductor company to buy up to 7.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of IPG Photonics stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $85.68, for a total value of $856,800.00. Following the transaction, the insider now directly owns 7,219,599 shares of the company’s stock, valued at $618,575,242.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of IPG Photonics stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $85.68, for a total transaction of $856,800.00. Following the completion of the sale, the insider now directly owns 7,219,599 shares in the company, valued at $618,575,242.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eric Meurice sold 788 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $89.30, for a total value of $70,368.40. Following the completion of the transaction, the director now directly owns 16,491 shares in the company, valued at $1,472,646.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,788 shares of company stock worth $2,595,508. 38.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

IPGP has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, May 1st. Stifel Nicolaus decreased their price objective on shares of IPG Photonics from $130.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, February 14th. Citigroup dropped their target price on shares of IPG Photonics from $74.00 to $68.00 and set a “sell” rating on the stock in a research note on Thursday, May 2nd. Benchmark reduced their target price on shares of IPG Photonics from $116.00 to $106.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, Seaport Res Ptn reiterated a “buy” rating on shares of IPG Photonics in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.40.

View Our Latest Analysis on IPGP

IPG Photonics Profile

(Free Report)

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

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