IPG Photonics Co. (IPGP) Stake Decreased by Puzo Michael J

Puzo Michael J trimmed its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 7.7% during the fourth quarter, HoldingsChannel reports. The firm owned 2,805 shares of the semiconductor company’s stock after selling 235 shares during the quarter. Puzo Michael J’s holdings in IPG Photonics were worth $601,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC boosted its position in shares of IPG Photonics by 5.2% during the second quarter. Advisory Services Network LLC now owns 1,813 shares of the semiconductor company’s stock worth $263,000 after purchasing an additional 90 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of IPG Photonics by 6.6% during the second quarter. PNC Financial Services Group Inc. now owns 1,791 shares of the semiconductor company’s stock worth $259,000 after purchasing an additional 111 shares in the last quarter. Stifel Financial Corp boosted its position in shares of IPG Photonics by 2.2% during the second quarter. Stifel Financial Corp now owns 5,268 shares of the semiconductor company’s stock worth $764,000 after purchasing an additional 114 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of IPG Photonics by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 11,245 shares of the semiconductor company’s stock worth $1,632,000 after purchasing an additional 202 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of IPG Photonics by 1.6% during the second quarter. Voya Investment Management LLC now owns 13,853 shares of the semiconductor company’s stock worth $2,010,000 after purchasing an additional 220 shares in the last quarter. 56.29% of the stock is currently owned by institutional investors.

Shares of IPG Photonics Co. (NASDAQ IPGP) opened at $246.75 on Monday. The company has a market cap of $13,229.72, a price-to-earnings ratio of 36.34, a P/E/G ratio of 2.70 and a beta of 1.88. IPG Photonics Co. has a 52-week low of $111.51 and a 52-week high of $264.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.02 and a quick ratio of 7.46.

In related news, insider Igor Samartsev sold 8,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $221.59, for a total value of $1,772,720.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Trevor Ness sold 10,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $208.17, for a total transaction 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. Insiders sold a total of 49,500 shares of company stock worth $11,979,620 over the last ninety days. 33.80% of the stock is currently owned by insiders.

IPGP has been the topic of a number of recent analyst reports. DA Davidson reissued a “buy” rating and set a $220.00 price target on shares of IPG Photonics in a research report on Tuesday, October 10th. Zacks Investment Research cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target (up from $182.00) on shares of IPG Photonics in a research report on Friday, October 20th. Benchmark reissued a “buy” rating and set a $230.00 price target on shares of IPG Photonics in a research report on Wednesday, November 1st. Finally, ValuEngine cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $196.30.

COPYRIGHT VIOLATION NOTICE: “IPG Photonics Co. (IPGP) Stake Decreased by Puzo Michael J” was reported by Stock Observer and is the property of of Stock Observer. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.thestockobserver.com/2018/02/05/ipg-photonics-co-ipgp-stake-decreased-by-puzo-michael-j.html.

IPG Photonics Company 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 Co. (NASDAQ:IPGP).

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

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

Leave a Reply