Oppenheimer & Co. Inc. Acquires New Holdings in IPG Photonics Co. (NASDAQ:IPGP)

Oppenheimer & Co. Inc. acquired a new stake in shares of IPG Photonics Co. (NASDAQ:IPGPGet Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,250 shares of the semiconductor company’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IPGP. Signaturefd LLC lifted its position in IPG Photonics by 174.3% during the first quarter. Signaturefd LLC now owns 384 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 244 shares during the period. JJJ Advisors Inc. lifted its position in IPG Photonics by 243.6% during the first quarter. JJJ Advisors Inc. now owns 694 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 492 shares during the period. Van ECK Associates Corp bought a new position in IPG Photonics during the second quarter valued at approximately $90,000. Canada Pension Plan Investment Board purchased a new stake in IPG Photonics during the first quarter valued at approximately $120,000. Finally, Ieq Capital LLC purchased a new stake in IPG Photonics during the second quarter valued at approximately $219,000. Institutional investors own 65.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on IPGP shares. Citigroup reduced their target price on shares of IPG Photonics from $157.00 to $146.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Benchmark reduced their target price on shares of IPG Photonics from $165.00 to $130.00 in a report on Wednesday, November 2nd. StockNews.com started coverage on shares of IPG Photonics in a report on Wednesday, October 12th. They set a “hold” rating for the company. Stifel Nicolaus started coverage on shares of IPG Photonics in a report on Wednesday, November 2nd. They set a “buy” rating and a $110.00 target price for the company. Finally, DA Davidson reduced their target price on shares of IPG Photonics from $150.00 to $120.00 in a report on Wednesday, November 2nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $134.20.

Insider Activity at IPG Photonics

In related news, major shareholder Valentin Gapontsev Trust I sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $95.68, for a total transaction of $478,400.00. Following the completion of the transaction, the insider now directly owns 7,419,599 shares of the company’s stock, valued at $709,907,232.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 25,000 shares of company stock valued at $2,229,800. Corporate insiders own 33.50% of the company’s stock.

IPG Photonics Price Performance

Shares of NASDAQ IPGP opened at $91.22 on Friday. The firm has a fifty day moving average price of $87.62 and a 200-day moving average price of $94.09. The stock has a market cap of $4.44 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 8.86 and a beta of 1.30. IPG Photonics Co. has a 1 year low of $79.88 and a 1 year high of $176.63.

IPG Photonics Profile

(Get Rating)

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; 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; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

Recommended Stories

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:IPGPGet Rating).

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.