IPG Photonics (IPGP) Holdings Cut by New Amsterdam Partners LLC NY

New Amsterdam Partners LLC NY trimmed its position in IPG Photonics (NASDAQ:IPGP) by 19.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,952 shares of the semiconductor company’s stock after selling 6,153 shares during the period. New Amsterdam Partners LLC NY’s holdings in IPG Photonics were worth $5,823,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its stake in IPG Photonics by 700.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,000 shares of the semiconductor company’s stock valued at $857,000 after acquiring an additional 3,500 shares during the period. Bank of Montreal Can boosted its position in shares of IPG Photonics by 243.5% during the fourth quarter. Bank of Montreal Can now owns 37,529 shares of the semiconductor company’s stock worth $8,036,000 after buying an additional 26,605 shares during the period. Koshinski Asset Management Inc. acquired a new position in shares of IPG Photonics during the fourth quarter worth approximately $1,047,000. Gulf International Bank UK Ltd acquired a new position in shares of IPG Photonics during the fourth quarter worth approximately $2,560,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of IPG Photonics by 1.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 142,852 shares of the semiconductor company’s stock worth $30,589,000 after buying an additional 1,653 shares during the period. Institutional investors and hedge funds own 56.06% of the company’s stock.

Shares of NASDAQ:IPGP opened at $246.74 on Friday. IPG Photonics has a 12 month low of $249.90 and a 12 month high of $252.71. The company has a market cap of $13.56 billion, a P/E ratio of 33.99, a PEG ratio of 2.48 and a beta of 1.85. The company has a current ratio of 9.54, a quick ratio of 7.71 and a debt-to-equity ratio of 0.02.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Tuesday, May 1st. The semiconductor company reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.13. The firm had revenue of $359.90 million for the quarter, compared to analysts’ expectations of $346.35 million. IPG Photonics had a return on equity of 21.59% and a net margin of 25.56%. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.38 earnings per share. analysts anticipate that IPG Photonics will post 8.48 earnings per share for the current fiscal year.

In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the company’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $253.88, for a total value of $2,538,800.00. Following the transaction, the insider now owns 7,567,999 shares of the company’s stock, valued at $1,921,363,586.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John R. Peeler sold 2,734 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $250.80, for a total value of $685,687.20. Following the completion of the transaction, the director now directly owns 9,738 shares in the company, valued at approximately $2,442,290.40. The disclosure for this sale can be found here. Insiders sold 62,255 shares of company stock worth $15,234,504 in the last ninety days. 33.80% of the stock is owned by corporate insiders.

Several equities analysts have recently issued reports on IPGP shares. Sanford C. Bernstein started coverage on IPG Photonics in a research report on Wednesday, April 18th. They set an “outperform” rating and a $294.00 price objective for the company. ValuEngine upgraded IPG Photonics from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. BidaskClub downgraded IPG Photonics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 26th. Canaccord Genuity reiterated a “hold” rating and set a $235.00 price objective on shares of IPG Photonics in a research report on Tuesday, May 1st. Finally, Benchmark reissued a “buy” rating and set a $255.00 target price (up previously from $230.00) on shares of IPG Photonics in a report on Tuesday, February 20th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. IPG Photonics has an average rating of “Buy” and a consensus price target of $238.50.

About IPG Photonics

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.

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

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