Louisiana State Employees Retirement System reduced its position in shares of IPG Photonics Corporation (NASDAQ:IPGP) by 5.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,500 shares of the semiconductor company’s stock after selling 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in IPG Photonics were worth $2,034,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in IPGP. Advantage Investment Management LLC grew its stake in shares of IPG Photonics by 366.5% during the 3rd quarter. Advantage Investment Management LLC now owns 933 shares of the semiconductor company’s stock valued at $173,000 after acquiring an additional 733 shares during the period. Elefante Mark B bought a new position in shares of IPG Photonics during the 3rd quarter valued at approximately $201,000. Fulton Bank N.A. bought a new position in shares of IPG Photonics during the 3rd quarter valued at approximately $202,000. Aurora Investment Counsel bought a new position in shares of IPG Photonics during the 4th quarter valued at approximately $219,000. Finally, MML Investors Services LLC bought a new position in shares of IPG Photonics during the 2nd quarter valued at approximately $221,000. Institutional investors and hedge funds own 56.38% of the company’s stock.
IPGP has been the subject of a number of recent research reports. DA Davidson reiterated a “buy” rating and set a $220.00 price objective on shares of IPG Photonics in a research note on Tuesday, October 10th. BidaskClub downgraded IPG Photonics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. ValuEngine downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective (up from $182.00) on shares of IPG Photonics in a research note on Friday, October 20th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. IPG Photonics currently has an average rating of “Buy” and a consensus price target of $180.33.
IPG Photonics Corporation (NASDAQ IPGP) opened at $260.75 on Friday. The company has a quick ratio of 7.46, a current ratio of 9.02 and a debt-to-equity ratio of 0.02. IPG Photonics Corporation has a twelve month low of $100.26 and a twelve month high of $264.11. The company has a market capitalization of $13,991.06, a P/E ratio of 38.40, a P/E/G ratio of 2.85 and a beta of 1.71.
IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.32. IPG Photonics had a return on equity of 21.17% and a net margin of 27.85%. The company had revenue of $392.62 million for the quarter, compared to analysts’ expectations of $367.27 million. During the same period in the previous year, the firm earned $1.29 EPS. The firm’s revenue was up 47.6% compared to the same quarter last year. analysts anticipate that IPG Photonics Corporation will post 7.13 earnings per share for the current year.
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IPG Photonics 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.
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