Trade Report: The IPG Photonics Corp. (IPGP) Stake Boosted by Trillium Asset Management LLC

The IPG Photonics Corp. (IPGP) Stake Boosted by Trillium Asset Management LLC

Trillium Asset Management LLC boosted its stake in IPG Photonics Corp. (NASDAQ:IPGP) by 10.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,748 shares of the company’s stock after buying an additional 5,468 shares during the period. Trillium Asset Management LLC’s holdings in IPG Photonics Corp. were worth $4,540,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Royce & Associates LP increased its position in IPG Photonics Corp. by 135.1% in the first quarter. Royce & Associates LP now owns 850,914 shares of the company’s stock valued at $81,756,000 after buying an additional 489,030 shares during the last quarter. Dalton Greiner Hartman Maher & Co. bought a new position in IPG Photonics Corp. during the second quarter valued at about $10,822,000. Capital Analysts LLC increased its position in IPG Photonics Corp. by 22,231.7% in the second quarter. Capital Analysts LLC now owns 113,445 shares of the company’s stock valued at $9,609,000 after buying an additional 112,937 shares during the last quarter. AXA increased its position in IPG Photonics Corp. by 110.4% in the first quarter. AXA now owns 175,881 shares of the company’s stock valued at $16,899,000 after buying an additional 92,305 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in IPG Photonics Corp. by 212.8% in the first quarter. Goldman Sachs Group Inc. now owns 65,234 shares of the company’s stock valued at $6,268,000 after buying an additional 44,381 shares during the last quarter. Hedge funds and other institutional investors own 59.47% of the company’s stock.

Shares of IPG Photonics Corp. (NASDAQ:IPGP) traded down 0.05% during mid-day trading on Friday, hitting $84.96. 209,468 shares of the stock traded hands. The company’s 50 day moving average is $84.05 and its 200 day moving average is $86.19. The firm has a market capitalization of $4.52 billion, a P/E ratio of 18.96 and a beta of 2.18. IPG Photonics Corp. has a one year low of $70.21 and a one year high of $102.90.

IPG Photonics Corp. (NASDAQ:IPGP) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.06. The firm earned $252.80 million during the quarter, compared to analysts’ expectations of $243.79 million. IPG Photonics Corp. had a net margin of 25.87% and a return on equity of 18.29%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 earnings per share. On average, equities analysts expect that IPG Photonics Corp. will post $4.62 EPS for the current fiscal year.

Several research analysts have recently issued reports on IPGP shares. Zacks Investment Research upgraded shares of IPG Photonics Corp. from a “sell” rating to a “hold” rating in a report on Friday, June 24th. Canaccord Genuity upgraded shares of IPG Photonics Corp. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $85.00 to $90.00 in a report on Wednesday, June 29th. They noted that the move was a valuation call. Needham & Company LLC restated a “buy” rating and set a $96.00 price objective (down previously from $98.00) on shares of IPG Photonics Corp. in a report on Monday, August 1st. Summit Redstone restated a “buy” rating on shares of IPG Photonics Corp. in a report on Thursday, July 28th. Finally, Credit Agricole SA restated an “outperform” rating and set a $92.00 price objective on shares of IPG Photonics Corp. in a report on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $94.83.

In other news, Director Catherine P. Lego purchased 3,000 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was purchased at an average price of $83.12 per share, for a total transaction of $249,360.00. Following the completion of the purchase, the director now directly owns 3,012 shares in the company, valued at approximately $250,357.44. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 34.20% of the stock is currently owned by company insiders.

IPG Photonics Corp. Company Profile

IPG Photonics Corporation is engaged in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers and related optical components. The Company offers a line of lasers and amplifiers, which are used in materials processing, advanced communications and medical applications.

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