Oppenheimer & Co. Inc. Buys 450 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Oppenheimer & Co. Inc. increased its stake in shares of IPG Photonics Co. (NASDAQ:IPGPFree Report) by 17.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,000 shares of the semiconductor company’s stock after acquiring an additional 450 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in IPG Photonics were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Huntington National Bank grew its position in IPG Photonics by 105.0% during the 2nd quarter. Huntington National Bank now owns 205 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 105 shares during the last quarter. Point72 Middle East FZE bought a new stake in shares of IPG Photonics in the 4th quarter worth approximately $28,000. AM Squared Ltd bought a new stake in shares of IPG Photonics in the 2nd quarter worth approximately $54,000. Assetmark Inc. grew its position in shares of IPG Photonics by 39.4% in the 3rd quarter. Assetmark Inc. now owns 612 shares of the semiconductor company’s stock worth $62,000 after buying an additional 173 shares during the last quarter. Finally, CWM LLC grew its position in shares of IPG Photonics by 123.8% in the 3rd quarter. CWM LLC now owns 837 shares of the semiconductor company’s stock worth $85,000 after buying an additional 463 shares during the last quarter. 59.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at IPG Photonics

In other IPG Photonics news, Director Eric Meurice sold 629 shares of IPG Photonics stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $100.00, for a total transaction of $62,900.00. Following the completion of the transaction, the director now owns 16,491 shares in the company, valued at $1,649,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 8,250 shares of IPG Photonics stock in a transaction on Friday, December 8th. The stock was sold at an average price of $99.48, for a total transaction of $820,710.00. Following the completion of the transaction, the insider now owns 7,229,599 shares in the company, valued at $719,200,508.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric Meurice sold 629 shares of IPG Photonics stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $100.00, for a total value of $62,900.00. Following the transaction, the director now owns 16,491 shares of the company’s stock, valued at approximately $1,649,100. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,129 shares of company stock worth $1,670,165. 37.10% of the stock is owned by insiders.

IPG Photonics Stock Up 1.8 %

NASDAQ IPGP opened at $102.82 on Monday. IPG Photonics Co. has a twelve month low of $83.00 and a twelve month high of $141.85. The firm has a market capitalization of $4.82 billion, a PE ratio of 56.49, a P/E/G ratio of 9.64 and a beta of 1.24. The stock’s 50 day moving average is $102.30 and its 200 day moving average is $100.44.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IPGP shares. Seaport Res Ptn reiterated a “buy” rating on shares of IPG Photonics in a research report on Thursday, January 25th. StockNews.com lowered IPG Photonics from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Stifel Nicolaus lifted their price objective on IPG Photonics from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, IPG Photonics has an average rating of “Moderate Buy” and a consensus price target of $127.00.

View Our Latest Stock Analysis on IPGP

IPG Photonics Company Profile

(Free Report)

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.

Further Reading

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

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