Campbell & CO Investment Adviser LLC Purchases Shares of 2,033 IPG Photonics Co. (NASDAQ:IPGP)

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Campbell & CO Investment Adviser LLC purchased a new stake in IPG Photonics Co. (NASDAQ:IPGP) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 2,033 shares of the semiconductor company’s stock, valued at approximately $276,000.

A number of other hedge funds also recently bought and sold shares of IPGP. Pacer Advisors Inc. lifted its position in shares of IPG Photonics by 6.6% in the second quarter. Pacer Advisors Inc. now owns 3,411 shares of the semiconductor company’s stock valued at $526,000 after buying an additional 212 shares during the last quarter. BTIM Corp. lifted its position in shares of IPG Photonics by 1.1% in the second quarter. BTIM Corp. now owns 114,564 shares of the semiconductor company’s stock valued at $17,672,000 after buying an additional 1,246 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of IPG Photonics by 4.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 252,653 shares of the semiconductor company’s stock valued at $38,972,000 after buying an additional 10,829 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of IPG Photonics in the second quarter valued at approximately $401,000. Finally, Natixis lifted its position in shares of IPG Photonics by 16.2% in the second quarter. Natixis now owns 66,714 shares of the semiconductor company’s stock valued at $10,291,000 after buying an additional 9,283 shares during the last quarter. Hedge funds and other institutional investors own 64.22% of the company’s stock.

A number of research firms have recently issued reports on IPGP. Raymond James cut their price objective on IPG Photonics from $204.00 to $190.00 and set a “strong-buy” rating for the company in a research report on Wednesday, July 31st. DA Davidson cut their price objective on IPG Photonics to $175.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. ValuEngine raised IPG Photonics from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Susquehanna Bancshares set a $127.00 price objective on IPG Photonics and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Zacks Investment Research raised IPG Photonics from a “sell” rating to a “hold” rating and set a $115.00 price objective for the company in a research report on Tuesday, October 1st. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $163.33.

NASDAQ:IPGP opened at $134.76 on Monday. The stock has a market cap of $7.18 billion, a P/E ratio of 18.26, a PEG ratio of 3.84 and a beta of 2.18. The stock has a 50 day simple moving average of $133.09 and a 200 day simple moving average of $140.70. The company has a current ratio of 8.38, a quick ratio of 6.47 and a debt-to-equity ratio of 0.02. IPG Photonics Co. has a 1-year low of $104.64 and a 1-year high of $182.17.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $1.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.41 by ($0.07). The firm had revenue of $363.80 million for the quarter, compared to analyst estimates of $352.31 million. IPG Photonics had a return on equity of 13.68% and a net margin of 22.23%. The business’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.21 earnings per share. As a group, sell-side analysts forecast that IPG Photonics Co. will post 4.78 EPS for the current year.

In related news, insider Igor Samartsev sold 800 shares of IPG Photonics stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $130.01, for a total transaction of $104,008.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 33.90% of the company’s stock.

IPG Photonics 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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