Banco Bilbao Vizcaya Argentaria S.A. Trims Position in IPG Photonics Co. (NASDAQ:IPGP)

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in shares of IPG Photonics Co. (NASDAQ:IPGPGet Rating) by 63.8% during the first quarter, HoldingsChannel reports. The firm owned 3,129 shares of the semiconductor company’s stock after selling 5,508 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in IPG Photonics were worth $352,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. American Century Companies Inc. raised its position in shares of IPG Photonics by 174.9% in the 4th quarter. American Century Companies Inc. now owns 5,782 shares of the semiconductor company’s stock worth $995,000 after buying an additional 3,679 shares during the period. ProShare Advisors LLC raised its position in shares of IPG Photonics by 32.0% in the 4th quarter. ProShare Advisors LLC now owns 7,038 shares of the semiconductor company’s stock worth $1,212,000 after buying an additional 1,708 shares during the period. First Republic Investment Management Inc. purchased a new position in shares of IPG Photonics in the 4th quarter worth $385,000. BNP Paribas Arbitrage SA raised its position in shares of IPG Photonics by 89.2% in the 4th quarter. BNP Paribas Arbitrage SA now owns 25,995 shares of the semiconductor company’s stock worth $4,475,000 after buying an additional 12,254 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of IPG Photonics by 165.2% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 52,519 shares of the semiconductor company’s stock worth $9,047,000 after buying an additional 32,713 shares during the period. Hedge funds and other institutional investors own 65.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on IPGP shares. Benchmark cut their target price on IPG Photonics to $165.00 in a research report on Tuesday, August 9th. Citigroup lowered their price target on IPG Photonics from $157.00 to $146.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $168.43.

Insider Activity

In other IPG Photonics news, CFO Timothy Pv Mammen bought 3,000 shares of the stock in a transaction dated Thursday, June 16th. The stock was bought at an average cost of $83.54 per share, for a total transaction of $250,620.00. Following the completion of the purchase, the chief financial officer now directly owns 53,493 shares of the company’s stock, valued at $4,468,805.22. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other IPG Photonics news, CFO Timothy Pv Mammen bought 3,000 shares of the stock in a transaction dated Thursday, June 16th. The stock was bought at an average cost of $83.54 per share, for a total transaction of $250,620.00. Following the completion of the purchase, the chief financial officer now directly owns 53,493 shares of the company’s stock, valued at $4,468,805.22. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Valentin Gapontsev Trust I sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $101.77, for a total value of $508,850.00. Following the sale, the insider now owns 7,429,599 shares of the company’s stock, valued at $756,110,290.23. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock worth $1,999,750 over the last ninety days. Corporate insiders own 33.50% of the company’s stock.

IPG Photonics Trading Down 1.1 %

Shares of NASDAQ IPGP opened at $89.45 on Friday. IPG Photonics Co. has a 12-month low of $82.68 and a 12-month high of $180.54. The company has a market cap of $4.49 billion, a P/E ratio of 17.82, a P/E/G ratio of 4.59 and a beta of 1.36. The stock has a fifty day moving average price of $97.94 and a 200 day moving average price of $104.11.

IPG Photonics (NASDAQ:IPGPGet Rating) last announced its earnings results on Tuesday, August 2nd. The semiconductor company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.04). The business had revenue of $377.02 million for the quarter, compared to analyst estimates of $373.26 million. IPG Photonics had a net margin of 17.91% and a return on equity of 10.31%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.33 earnings per share. On average, sell-side analysts forecast that IPG Photonics Co. will post 4.7 EPS for the current fiscal year.

About IPG Photonics

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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.

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

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