IPG Photonics Corporation (NASDAQ:IPGP) Shares Bought by American Trust Investment Advisors LLC

American Trust Investment Advisors LLC increased its stake in shares of IPG Photonics Corporation (NASDAQ:IPGP) by 0.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 12,412 shares of the semiconductor company’s stock after buying an additional 25 shares during the period. IPG Photonics Corporation makes up about 1.6% of American Trust Investment Advisors LLC’s investment portfolio, making the stock its 26th largest position. American Trust Investment Advisors LLC’s holdings in IPG Photonics Corporation were worth $1,801,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Huntington National Bank boosted its stake in shares of IPG Photonics Corporation by 3,188.5% in the first quarter. Huntington National Bank now owns 855 shares of the semiconductor company’s stock worth $103,000 after buying an additional 829 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its stake in shares of IPG Photonics Corporation by 13.9% in the first quarter. YorkBridge Wealth Partners LLC now owns 895 shares of the semiconductor company’s stock worth $122,000 after buying an additional 109 shares in the last quarter. Denali Advisors LLC acquired a new stake in shares of IPG Photonics Corporation during the second quarter worth $145,000. Flinton Capital Management LLC boosted its stake in shares of IPG Photonics Corporation by 3.3% in the first quarter. Flinton Capital Management LLC now owns 1,008 shares of the semiconductor company’s stock worth $122,000 after buying an additional 32 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its stake in shares of IPG Photonics Corporation by 3.3% in the first quarter. Meadow Creek Investment Management LLC now owns 1,386 shares of the semiconductor company’s stock worth $167,000 after buying an additional 44 shares in the last quarter. Institutional investors and hedge funds own 60.04% of the company’s stock.

Shares of IPG Photonics Corporation (IPGP) traded up 0.51% during trading on Friday, hitting $165.90. 226,795 shares of the stock were exchanged. The stock has a market cap of $8.93 billion, a P/E ratio of 27.78 and a beta of 1.70. The stock has a 50-day moving average of $156.93 and a 200 day moving average of $134.95. IPG Photonics Corporation has a 12-month low of $80.52 and a 12-month high of $170.39.

IPG Photonics Corporation (NASDAQ:IPGP) last released its earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.28. IPG Photonics Corporation had a return on equity of 19.75% and a net margin of 26.84%. The company had revenue of $369.37 million for the quarter, compared to analysts’ expectations of $333.06 million. During the same quarter in the previous year, the business posted $1.25 EPS. The business’s revenue for the quarter was up 46.1% on a year-over-year basis. Equities analysts predict that IPG Photonics Corporation will post $6.62 earnings per share for the current fiscal year.

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IPGP has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $146.00 price target (up previously from $130.00) on shares of IPG Photonics Corporation in a research note on Wednesday, May 3rd. Zacks Investment Research upgraded shares of IPG Photonics Corporation from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a research note on Thursday, May 4th. Canaccord Genuity restated a “buy” rating and set a $152.00 price objective (up previously from $138.00) on shares of IPG Photonics Corporation in a research report on Friday, June 16th. Macquarie downgraded shares of IPG Photonics Corporation from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $28.00 to $24.00 in a research report on Tuesday, June 6th. Finally, Dougherty & Co upped their price objective on shares of IPG Photonics Corporation from $137.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $141.00.

In other IPG Photonics Corporation news, Director Thomas J. Seifert sold 2,849 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $141.47, for a total transaction of $403,048.03. Following the completion of the sale, the director now owns 9,180 shares of the company’s stock, valued at $1,298,694.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Timothy Pv Mammen sold 11,600 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $166.98, for a total value of $1,936,968.00. Following the sale, the chief financial officer now directly owns 42,700 shares of the company’s stock, valued at approximately $7,130,046. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,699 shares of company stock worth $9,851,274. Company insiders own 34.20% of the company’s stock.

IPG Photonics Corporation Company Profile

IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.

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

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