Comerica Bank Has $1.30 Million Stock Holdings in IPG Photonics Co. (NASDAQ:IPGP)

Comerica Bank decreased its holdings in IPG Photonics Co. (NASDAQ:IPGPGet Rating) by 6.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,032 shares of the semiconductor company’s stock after selling 998 shares during the period. Comerica Bank’s holdings in IPG Photonics were worth $1,295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Occudo Quantitative Strategies LP raised its stake in IPG Photonics by 6.1% in the second quarter. Occudo Quantitative Strategies LP now owns 15,341 shares of the semiconductor company’s stock valued at $1,444,000 after buying an additional 877 shares during the period. Texas Permanent School Fund raised its stake in IPG Photonics by 263.3% in the second quarter. Texas Permanent School Fund now owns 16,830 shares of the semiconductor company’s stock valued at $1,584,000 after buying an additional 12,197 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of IPG Photonics by 10.2% during the second quarter. Treasurer of the State of North Carolina now owns 14,690 shares of the semiconductor company’s stock worth $1,383,000 after purchasing an additional 1,359 shares during the period. C Partners Holding GmbH increased its stake in shares of IPG Photonics by 14.2% during the second quarter. C Partners Holding GmbH now owns 152,874 shares of the semiconductor company’s stock worth $14,390,000 after purchasing an additional 19,054 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of IPG Photonics during the second quarter worth approximately $1,814,000. Institutional investors own 63.50% of the company’s stock.

Analyst Ratings Changes

IPGP has been the topic of a number of recent research reports. StockNews.com initiated coverage on IPG Photonics in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Stifel Nicolaus initiated coverage on IPG Photonics in a research note on Wednesday, November 2nd. They set a “buy” rating and a $110.00 target price on the stock. Benchmark lowered their price objective on IPG Photonics from $165.00 to $130.00 in a research note on Wednesday, November 2nd. DA Davidson restated a “buy” rating on shares of IPG Photonics in a research note on Tuesday, January 3rd. Finally, Raymond James upgraded IPG Photonics from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $134.20.

IPG Photonics Stock Performance

Shares of IPGP stock opened at $111.06 on Tuesday. The stock’s fifty day moving average price is $96.16 and its two-hundred day moving average price is $93.74. The company has a market cap of $5.41 billion, a PE ratio of 21.82, a P/E/G ratio of 10.92 and a beta of 1.24. IPG Photonics Co. has a fifty-two week low of $79.88 and a fifty-two week high of $161.97.

IPG Photonics (NASDAQ:IPGPGet Rating) last issued its earnings results on Tuesday, November 1st. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.30. The firm had revenue of $349.01 million for the quarter, compared to the consensus estimate of $361.29 million. IPG Photonics had a return on equity of 10.58% and a net margin of 18.34%. On average, equities analysts predict that IPG Photonics Co. will post 4.79 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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