4,329 Shares in IPG Photonics Co. (NASDAQ:IPGP) Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in IPG Photonics Co. (NASDAQ:IPGP – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,329 shares of the semiconductor company’s stock, valued at approximately $365,000.

Several other institutional investors also recently modified their holdings of the business. Aviva PLC grew its stake in shares of IPG Photonics by 0.6% in the second quarter. Aviva PLC now owns 25,825 shares of the semiconductor company’s stock worth $2,431,000 after purchasing an additional 145 shares during the last quarter. Inspire Investing LLC lifted its holdings in IPG Photonics by 8.6% in the third quarter. Inspire Investing LLC now owns 2,438 shares of the semiconductor company’s stock valued at $206,000 after buying an additional 193 shares during the period. Sandy Spring Bank lifted its holdings in IPG Photonics by 14.1% in the third quarter. Sandy Spring Bank now owns 1,635 shares of the semiconductor company’s stock valued at $138,000 after buying an additional 202 shares during the period. Yousif Capital Management LLC lifted its holdings in IPG Photonics by 3.8% in the first quarter. Yousif Capital Management LLC now owns 5,940 shares of the semiconductor company’s stock valued at $652,000 after buying an additional 217 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in IPG Photonics by 6.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,420 shares of the semiconductor company’s stock valued at $416,000 after buying an additional 260 shares during the period. Institutional investors own 63.50% of the company’s stock.

IPG Photonics Price Performance

NASDAQ:IPGP opened at $124.64 on Thursday. The firm has a 50-day moving average of $110.74 and a 200-day moving average of $97.36. The company has a market cap of $6.07 billion, a PE ratio of 63.27, a PEG ratio of 5.61 and a beta of 1.24. IPG Photonics Co. has a one year low of $79.88 and a one year high of $134.81.

Analyst Upgrades and Downgrades

IPGP has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of IPG Photonics from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, February 16th. DA Davidson restated a “buy” rating on shares of IPG Photonics in a report on Tuesday, January 3rd. Stifel Nicolaus upped their price objective on shares of IPG Photonics from $110.00 to $145.00 in a report on Wednesday, February 15th. Sanford C. Bernstein upped their price objective on shares of IPG Photonics from $100.00 to $124.00 and gave the company a “market perform” rating in a report on Thursday, February 16th. Finally, Benchmark upped their price objective on shares of IPG Photonics from $130.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, February 15th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $137.80.

IPG Photonics Profile

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IPG Photonics Corp. engages in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers, and related optical components. Its products include lasers, beam delivery, medical, telecom equipment, product finder and components such as pump diodes, chillers, and mid-IR crystals.