Dupont Capital Management Corp Sells 653 Shares of IPG Photonics Co. (IPGP)

Dupont Capital Management Corp trimmed its position in IPG Photonics Co. (NASDAQ:IPGP) by 5.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,827 shares of the semiconductor company’s stock after selling 653 shares during the period. Dupont Capital Management Corp’s holdings in IPG Photonics were worth $1,643,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IPGP. Bank of New York Mellon Corp boosted its holdings in shares of IPG Photonics by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 361,649 shares of the semiconductor company’s stock valued at $56,442,000 after buying an additional 4,215 shares in the last quarter. Man Group plc boosted its holdings in shares of IPG Photonics by 232.1% during the 3rd quarter. Man Group plc now owns 4,500 shares of the semiconductor company’s stock valued at $702,000 after buying an additional 3,145 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of IPG Photonics by 71.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 574,534 shares of the semiconductor company’s stock valued at $89,668,000 after buying an additional 238,755 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of IPG Photonics by 4,272.2% during the 3rd quarter. Nordea Investment Management AB now owns 75,421 shares of the semiconductor company’s stock valued at $11,770,000 after buying an additional 73,696 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of IPG Photonics by 21.1% during the 3rd quarter. Legal & General Group Plc now owns 295,107 shares of the semiconductor company’s stock valued at $46,057,000 after buying an additional 51,502 shares in the last quarter. Institutional investors and hedge funds own 65.85% of the company’s stock.

In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $162.59, for a total value of $1,625,900.00. Following the completion of the transaction, the insider now owns 7,555,999 shares of the company’s stock, valued at approximately $1,228,529,877.41. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Igor Samartsev sold 800 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $172.10, for a total value of $137,680.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,825 shares of company stock valued at $2,618,936. 33.90% of the stock is owned by insiders.

Shares of IPGP traded down $0.14 during trading hours on Wednesday, hitting $129.51. The company had a trading volume of 570,695 shares, compared to its average volume of 487,274. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.54 and a quick ratio of 6.55. The firm has a market cap of $6.96 billion, a PE ratio of 17.55, a P/E/G ratio of 2.87 and a beta of 1.87. IPG Photonics Co. has a 52-week low of $104.64 and a 52-week high of $261.77.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.02). The company had revenue of $315.00 million during the quarter, compared to analysts’ expectations of $308.75 million. IPG Photonics had a return on equity of 16.09% and a net margin of 24.94%. IPG Photonics’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.93 EPS. As a group, sell-side analysts anticipate that IPG Photonics Co. will post 5.78 EPS for the current year.

A number of brokerages have recently commented on IPGP. Bank of America upgraded shares of IPG Photonics from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Monday, April 22nd. Needham & Company LLC boosted their target price on shares of IPG Photonics from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Cascend Securities restated a “buy” rating and set a $200.00 target price (up previously from $180.00) on shares of IPG Photonics in a report on Wednesday, May 1st. Benchmark cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of IPG Photonics from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $185.90.

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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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