TFO Wealth Partners LLC Boosts Position in IPG Photonics Co. (NASDAQ:IPGP)

TFO Wealth Partners LLC boosted its position in IPG Photonics Co. (NASDAQ:IPGPFree Report) by 38,000.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,143 shares of the semiconductor company’s stock after purchasing an additional 1,140 shares during the period. TFO Wealth Partners LLC’s holdings in IPG Photonics were worth $124,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. VisionPoint Advisory Group LLC boosted its holdings in shares of IPG Photonics by 127.2% in the third quarter. VisionPoint Advisory Group LLC now owns 259 shares of the semiconductor company’s stock worth $26,000 after buying an additional 145 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of IPG Photonics during the 4th quarter valued at $40,000. Disciplined Equity Management Inc. purchased a new stake in shares of IPG Photonics in the 4th quarter worth $43,000. AM Squared Ltd raised its holdings in IPG Photonics by 200.0% in the 4th quarter. AM Squared Ltd now owns 600 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 400 shares during the period. Finally, Orion Capital Management LLC purchased a new position in IPG Photonics during the third quarter valued at $89,000. 93.79% of the stock is currently owned by institutional investors.

IPG Photonics Stock Performance

IPGP opened at $84.26 on Wednesday. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 21.72 and a beta of 1.08. The company has a fifty day moving average of $87.37 and a 200 day moving average of $93.50. IPG Photonics Co. has a fifty-two week low of $80.33 and a fifty-two week high of $141.85.

IPG Photonics (NASDAQ:IPGPGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $252.00 million during the quarter, compared to analyst estimates of $255.53 million. IPG Photonics had a return on equity of 7.67% and a net margin of 15.34%. The business’s quarterly revenue was down 27.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 earnings per share. On average, equities research analysts forecast that IPG Photonics Co. will post 2.77 earnings per share for the current year.

IPG Photonics announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 13th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 7.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have commented on IPGP shares. StockNews.com cut IPG Photonics from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, May 1st. Benchmark lowered their price target on shares of IPG Photonics from $116.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Stifel Nicolaus reduced their price objective on shares of IPG Photonics from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th. Finally, Citigroup decreased their price objective on shares of IPG Photonics from $74.00 to $68.00 and set a “sell” rating on the stock in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $110.40.

Check Out Our Latest Research Report on IPGP

Insiders Place Their Bets

In related news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $89.56, for a total value of $895,600.00. Following the completion of the transaction, the insider now directly owns 7,209,599 shares of the company’s stock, valued at $645,691,686.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other IPG Photonics news, Director Jeanmarie F. Desmond sold 985 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $85.20, for a total transaction of $83,922.00. Following the sale, the director now directly owns 4,319 shares in the company, valued at $367,978.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $89.56, for a total value of $895,600.00. Following the completion of the sale, the insider now directly owns 7,209,599 shares of the company’s stock, valued at $645,691,686.44. The disclosure for this sale can be found here. Insiders have sold a total of 20,773 shares of company stock valued at $1,822,630 in the last quarter. 38.00% of the stock is currently owned by insiders.

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. Its 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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