BBT Capital Management LLC Takes Position in IPG Photonics Co. (IPGP)

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BBT Capital Management LLC bought a new position in IPG Photonics Co. (NASDAQ:IPGP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,923 shares of the semiconductor company’s stock, valued at approximately $331,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ipswich Investment Management Co. Inc. bought a new stake in IPG Photonics during the 4th quarter valued at about $44,000. ETF Managers Group LLC lifted its holdings in IPG Photonics by 15.7% during the 4th quarter. ETF Managers Group LLC now owns 553 shares of the semiconductor company’s stock valued at $63,000 after buying an additional 75 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in IPG Photonics by 205.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 638 shares of the semiconductor company’s stock valued at $100,000 after buying an additional 429 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in IPG Photonics by 15,080.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 16,699 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 16,589 shares in the last quarter. Finally, Thornburg Investment Management Inc. bought a new stake in IPG Photonics during the 4th quarter valued at about $135,000. Hedge funds and other institutional investors own 61.34% of the company’s stock.

NASDAQ:IPGP opened at $153.22 on Thursday. IPG Photonics Co. has a one year low of $104.64 and a one year high of $261.77. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.35 and a quick ratio of 5.70. The stock has a market capitalization of $8.17 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.52 and a beta of 1.80.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, February 12th. The semiconductor company reported $1.40 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $314.91 million. During the same quarter in the prior year, the firm posted $1.86 EPS. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. Research analysts forecast that IPG Photonics Co. will post 6.58 earnings per share for the current year.

In other news, CAO Thomas J. Burgomaster sold 294 shares of IPG Photonics stock in a transaction that occurred on Sunday, December 2nd. The shares were sold at an average price of $93.70, for a total value of $27,547.80. Following the transaction, the chief accounting officer now owns 6,037 shares of the company’s stock, valued at approximately $565,666.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 33.40% of the stock is owned by insiders.

IPGP has been the subject of a number of research analyst reports. TheStreet lowered shares of IPG Photonics from a “b-” rating to a “c+” rating in a report on Friday, December 28th. BidaskClub upgraded shares of IPG Photonics from a “strong sell” rating to a “sell” rating in a report on Thursday, January 10th. UBS Group initiated coverage on shares of IPG Photonics in a report on Friday, November 30th. They set a “neutral” rating for the company. Needham & Company LLC reiterated a “buy” rating and set a $157.00 price objective (down previously from $160.00) on shares of IPG Photonics in a report on Tuesday, December 18th. Finally, ValuEngine upgraded shares of IPG Photonics from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. IPG Photonics presently has an average rating of “Hold” and a consensus 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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