Brown Brothers Harriman & Co. Increases Stake in IPG Photonics Co. (NASDAQ:IPGP)

Brown Brothers Harriman & Co. boosted its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 152.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,831 shares of the semiconductor company’s stock after acquiring an additional 1,709 shares during the period. Brown Brothers Harriman & Co.’s holdings in IPG Photonics were worth $597,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eaton Vance Management acquired a new position in IPG Photonics during the 1st quarter worth approximately $28,000. Berman Capital Advisors LLC boosted its holdings in shares of IPG Photonics by 82.2% in the 2nd quarter. Berman Capital Advisors LLC now owns 133 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 60 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of IPG Photonics in the 2nd quarter valued at $49,000. Advisory Services Network LLC acquired a new position in shares of IPG Photonics in the 2nd quarter valued at $53,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of IPG Photonics in the 2nd quarter valued at $58,000. Institutional investors own 64.37% of the company’s stock.

In related news, SVP Igor Samartsev sold 500 shares of the stock in a transaction dated Friday, October 1st. The shares were sold at an average price of $159.27, for a total value of $79,635.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Trevor Ness sold 2,600 shares of the stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $220.07, for a total transaction of $572,182.00. The disclosure for this sale can be found here. Insiders sold a total of 4,900 shares of company stock valued at $1,047,925 in the last quarter. Insiders own 32.90% of the company’s stock.

Several brokerages have recently issued reports on IPGP. Bank of America cut shares of IPG Photonics from a “buy” rating to a “neutral” rating and set a $178.00 target price for the company. in a report on Monday. Benchmark upped their target price on shares of IPG Photonics from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, June 30th. Canaccord Genuity lowered their target price on shares of IPG Photonics from $240.00 to $192.00 and set a “hold” rating for the company in a report on Monday, August 9th. Needham & Company LLC restated a “buy” rating and issued a $205.00 target price on shares of IPG Photonics in a report on Wednesday, August 25th. Finally, DA Davidson reduced their price target on shares of IPG Photonics from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, August 4th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, IPG Photonics currently has an average rating of “Hold” and an average price target of $214.96.

Shares of IPG Photonics stock opened at $157.28 on Thursday. The company has a market cap of $8.41 billion, a P/E ratio of 38.08 and a beta of 1.33. The company has a debt-to-equity ratio of 0.01, a quick ratio of 7.37 and a current ratio of 8.95. IPG Photonics Co. has a one year low of $151.27 and a one year high of $262.55. The firm has a fifty day moving average of $167.47 and a two-hundred day moving average of $194.85.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, August 3rd. The semiconductor company reported $1.29 EPS for the quarter, missing the Zacks’ consensus estimate of $1.39 by ($0.10). The firm had revenue of $371.66 million for the quarter, compared to analysts’ expectations of $380.88 million. IPG Photonics had a return on equity of 10.32% and a net margin of 16.24%. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. As a group, equities analysts predict that IPG Photonics Co. will post 5.31 earnings per share for the current year.

IPG Photonics Profile

IPG Photonics Corp. engages in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers, and related optical components. Its products include lasers, beam delivery, medical, telecom equipment, product finder and components such as pump diodes, chillers, and mid-IR crystals.

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

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