Sei Investments Co. Purchases 1,106 Shares of IPG Photonics Corporation (IPGP)

Sei Investments Co. increased its position in IPG Photonics Corporation (NASDAQ:IPGP) by 16.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,954 shares of the semiconductor company’s stock after buying an additional 1,106 shares during the quarter. Sei Investments Co.’s holdings in IPG Photonics were worth $1,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its position in IPG Photonics by 1,655.8% in the second quarter. Bank of Montreal Can now owns 10,816 shares of the semiconductor company’s stock valued at $1,569,000 after purchasing an additional 10,200 shares during the last quarter. Aperio Group LLC lifted its position in IPG Photonics by 11.4% in the second quarter. Aperio Group LLC now owns 7,451 shares of the semiconductor company’s stock valued at $1,081,000 after purchasing an additional 763 shares during the last quarter. Russell Investments Group Ltd. lifted its position in IPG Photonics by 2.5% in the second quarter. Russell Investments Group Ltd. now owns 29,633 shares of the semiconductor company’s stock valued at $4,301,000 after purchasing an additional 710 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in IPG Photonics by 255.7% in the second quarter. Great West Life Assurance Co. Can now owns 78,546 shares of the semiconductor company’s stock valued at $11,376,000 after purchasing an additional 56,467 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in IPG Photonics in the second quarter valued at approximately $240,000. Institutional investors own 56.44% of the company’s stock.

IPGP has been the topic of several research analyst reports. DA Davidson boosted their target price on IPG Photonics to $235.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Needham & Company LLC boosted their target price on IPG Photonics from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Benchmark reissued a “buy” rating and set a $230.00 target price on shares of IPG Photonics in a research note on Wednesday, November 1st. ValuEngine raised IPG Photonics from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Finally, BidaskClub cut IPG Photonics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $180.33.

In related news, SVP Eugene A. Shcherbakov sold 9,500 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $198.79, for a total value of $1,888,505.00. Following the sale, the senior vice president now directly owns 16,957 shares of the company’s stock, valued at $3,370,882.03. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Trevor Ness sold 10,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $208.17, for a total value of $2,081,700.00. Following the completion of the sale, the senior vice president now directly owns 22,906 shares in the company, valued at $4,768,342.02. The disclosure for this sale can be found here. 33.80% of the stock is owned by corporate insiders.

IPG Photonics Corporation (NASDAQ IPGP) opened at $202.65 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.46 and a current ratio of 9.02. IPG Photonics Corporation has a 12 month low of $95.04 and a 12 month high of $248.23. The stock has a market capitalization of $10,882.95, a P/E ratio of 29.89, a PEG ratio of 1.47 and a beta of 1.70.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.32. The company had revenue of $392.62 million for the quarter, compared to analysts’ expectations of $367.27 million. IPG Photonics had a return on equity of 21.17% and a net margin of 27.85%. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 earnings per share. sell-side analysts anticipate that IPG Photonics Corporation will post 7.01 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Sei Investments Co. Purchases 1,106 Shares of IPG Photonics Corporation (IPGP)” was first posted by Stock Observer and is the sole property of of Stock Observer. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.thestockobserver.com/2017/12/07/sei-investments-co-purchases-1106-shares-of-ipg-photonics-corporation-ipgp.html.

IPG Photonics Profile

IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.

Want to see what other hedge funds are holding IPGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IPG Photonics Corporation (NASDAQ:IPGP).

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

Receive News & Ratings for IPG Photonics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply