BNP Paribas Arbitrage SA Grows Holdings in IPG Photonics Corporation (IPGP)

BNP Paribas Arbitrage SA boosted its holdings in shares of IPG Photonics Corporation (NASDAQ:IPGP) by 72.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,196 shares of the semiconductor company’s stock after acquiring an additional 5,971 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in IPG Photonics Corporation were worth $2,060,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IPGP. Stifel Financial Corp increased its position in IPG Photonics Corporation by 0.4% in the 1st quarter. Stifel Financial Corp now owns 5,154 shares of the semiconductor company’s stock worth $624,000 after buying an additional 23 shares during the period. Flinton Capital Management LLC increased its position in IPG Photonics Corporation by 3.3% in the 1st 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 during the period. Teacher Retirement System of Texas grew its holdings in shares of IPG Photonics Corporation by 1.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,015 shares of the semiconductor company’s stock worth $437,000 after purchasing an additional 33 shares in the last quarter. Meadow Creek Investment Management LLC grew its holdings in shares of IPG Photonics Corporation by 3.3% during the 1st quarter. Meadow Creek Investment Management LLC now owns 1,386 shares of the semiconductor company’s stock worth $167,000 after purchasing an additional 44 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its holdings in shares of IPG Photonics Corporation by 0.8% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 6,456 shares of the semiconductor company’s stock worth $779,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 59.20% of the company’s stock.

Shares of IPG Photonics Corporation (NASDAQ:IPGP) traded up 0.17% during midday trading on Friday, hitting $180.23. The company’s stock had a trading volume of 460,010 shares. The company has a market cap of $9.70 billion, a P/E ratio of 30.18 and a beta of 1.64. The company has a 50-day moving average price of $168.31 and a 200 day moving average price of $142.46. IPG Photonics Corporation has a 1-year low of $80.52 and a 1-year high of $180.55.

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

Several analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $182.00 price target (up previously from $160.00) on shares of IPG Photonics Corporation in a research note on Tuesday, August 1st. Benchmark Co. reissued a “buy” rating and issued a $180.00 price objective on shares of IPG Photonics Corporation in a research note on Wednesday, August 2nd. Canaccord Genuity boosted their price objective on IPG Photonics Corporation from $152.00 to $162.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Longbow Research upgraded IPG Photonics Corporation from a “neutral” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Tuesday, June 6th. Finally, Stifel Nicolaus boosted their target price on IPG Photonics Corporation from $135.00 to $145.00 and gave the stock a “hold” rating in a research report on Friday, June 30th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $150.25.

In other IPG Photonics Corporation news, Director William S. Hurley sold 8,167 shares of IPG Photonics Corporation stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $165.42, for a total value of $1,350,985.14. Following the sale, the director now directly owns 12,672 shares in the company, valued at approximately $2,096,202.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Trevor Ness sold 5,000 shares of IPG Photonics Corporation stock in a transaction on Friday, June 30th. The shares were sold at an average price of $145.69, for a total transaction of $728,450.00. Following the completion of the sale, the senior vice president now owns 17,906 shares in the company, valued at $2,608,725.14. The disclosure for this sale can be found here. Insiders have sold a total of 67,017 shares of company stock worth $10,799,211 in the last quarter. Corporate insiders own 33.80% of the company’s stock.

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IPG Photonics Corporation 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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