IPG Photonics Corporation $IPGP Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its position in IPG Photonics Corporation (NASDAQ:IPGP) by 699.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,964 shares of the semiconductor company’s stock after acquiring an additional 50,711 shares during the period. Deutsche Bank AG owned approximately 0.14% of IPG Photonics worth $3,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board boosted its stake in IPG Photonics by 36.3% in the first quarter. Ontario Teachers Pension Plan Board now owns 9,303 shares of the semiconductor company’s stock valued at $587,000 after acquiring an additional 2,479 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of IPG Photonics by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 377,598 shares of the semiconductor company’s stock worth $23,842,000 after buying an additional 7,978 shares during the last quarter. US Bancorp DE raised its holdings in shares of IPG Photonics by 7.4% in the first quarter. US Bancorp DE now owns 7,877 shares of the semiconductor company’s stock worth $497,000 after buying an additional 544 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of IPG Photonics in the first quarter worth $257,000. Finally, Pacer Advisors Inc. raised its holdings in shares of IPG Photonics by 4,282.2% in the first quarter. Pacer Advisors Inc. now owns 175,113 shares of the semiconductor company’s stock worth $11,057,000 after buying an additional 171,117 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other IPG Photonics news, Director Jeanmarie F. Desmond sold 1,360 shares of IPG Photonics stock in a transaction on Friday, August 8th. The shares were sold at an average price of $76.24, for a total value of $103,686.40. Following the completion of the transaction, the director owned 9,740 shares of the company’s stock, valued at approximately $742,577.60. The trade was a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 39.50% of the company’s stock.

IPG Photonics Price Performance

Shares of IPG Photonics stock opened at $78.87 on Tuesday. The firm has a fifty day moving average price of $73.09 and a 200 day moving average price of $65.88. IPG Photonics Corporation has a 1 year low of $48.59 and a 1 year high of $88.50. The stock has a market cap of $3.33 billion, a PE ratio of -16.10, a price-to-earnings-growth ratio of 22.53 and a beta of 0.88.

IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, August 5th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.20. IPG Photonics had a negative net margin of 22.77% and a positive return on equity of 2.25%. The firm had revenue of $250.72 million during the quarter, compared to analysts’ expectations of $228.20 million. During the same quarter last year, the company posted $0.45 earnings per share. The firm’s revenue was down 2.7% compared to the same quarter last year. As a group, equities analysts expect that IPG Photonics Corporation will post 1.54 EPS for the current year.

IPG Photonics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.7%.

Analyst Ratings Changes

IPGP has been the subject of a number of research analyst reports. Stifel Nicolaus set a $72.00 price target on shares of IPG Photonics in a report on Monday, April 28th. Raymond James Financial decreased their price target on shares of IPG Photonics from $80.00 to $70.00 and set a “strong-buy” rating for the company in a report on Wednesday, May 7th. Wall Street Zen raised shares of IPG Photonics from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Sanford C. Bernstein raised shares of IPG Photonics from a “market perform” rating to an “outperform” rating and set a $97.00 price target for the company in a report on Thursday, August 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, IPG Photonics currently has an average rating of “Hold” and an average price target of $75.00.

IPG Photonics Profile

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.