Public Employees Retirement System of Ohio Boosts Stake in IPG Photonics Co. (IPGP)

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Public Employees Retirement System of Ohio lifted its position in IPG Photonics Co. (NASDAQ:IPGP) by 209.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 39,744 shares of the semiconductor company’s stock after buying an additional 26,888 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in IPG Photonics were worth $4,503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of IPGP. Ipswich Investment Management Co. Inc. bought a new stake in shares of IPG Photonics in the 4th quarter worth $44,000. CSat Investment Advisory L.P. raised its stake in shares of IPG Photonics by 133.0% in the 4th quarter. CSat Investment Advisory L.P. now owns 508 shares of the semiconductor company’s stock worth $58,000 after buying an additional 290 shares in the last quarter. ETF Managers Group LLC raised its stake in shares of IPG Photonics by 15.7% in the 4th quarter. ETF Managers Group LLC now owns 553 shares of the semiconductor company’s stock worth $63,000 after buying an additional 75 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in shares of IPG Photonics by 15,080.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 16,699 shares of the semiconductor company’s stock worth $107,000 after buying an additional 16,589 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of IPG Photonics during the fourth quarter worth $112,000. 67.50% of the stock is currently owned by institutional investors.

Shares of IPGP stock opened at $166.56 on Thursday. IPG Photonics Co. has a 1-year low of $104.64 and a 1-year high of $261.77. The company has a current ratio of 7.35, a quick ratio of 5.70 and a debt-to-equity ratio of 0.02. The firm has a market cap of $8.59 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 3.81 and a beta of 1.84.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, February 12th. The semiconductor company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.03). IPG Photonics had a net margin of 27.67% and a return on equity of 18.66%. The business had revenue of $330.10 million for the quarter, compared to analysts’ expectations of $314.91 million. During the same quarter in the prior year, the firm posted $1.86 EPS. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that IPG Photonics Co. will post 5.79 EPS for the current year.

A number of equities research analysts have recently issued reports on IPGP shares. Zacks Investment Research raised IPG Photonics from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Susquehanna Bancshares set a $146.00 target price on IPG Photonics and gave the stock a “hold” rating in a research report on Thursday, February 14th. ValuEngine raised IPG Photonics from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $170.00 target price (up from $157.00) on shares of IPG Photonics in a research report on Wednesday, February 13th. Finally, TheStreet raised IPG Photonics from a “c+” rating to a “b-” rating in a research report on Tuesday, February 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $190.91.

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IPG Photonics Company Profile

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; 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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