Stephens Investment Management Group LLC Buys 25,570 Shares of IPG Photonics Co. (IPGP)

Stephens Investment Management Group LLC boosted its stake in shares of IPG Photonics Co. (NASDAQ:IPGP) by 93.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,910 shares of the semiconductor company’s stock after buying an additional 25,570 shares during the period. Stephens Investment Management Group LLC’s holdings in IPG Photonics were worth $11,330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Harding Loevner LP boosted its stake in IPG Photonics by 86.6% during the third quarter. Harding Loevner LP now owns 2,825,425 shares of the semiconductor company’s stock worth $167,055,000 after buying an additional 1,311,384 shares during the last quarter. State Street Corp raised its position in IPG Photonics by 2.1% in the second quarter. State Street Corp now owns 955,383 shares of the semiconductor company’s stock valued at $138,633,000 after purchasing an additional 19,973 shares during the period. BRILLIANCE ASSET MANAGEMENT Ltd raised its position in IPG Photonics by 14.2% in the fourth quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 607,405 shares of the semiconductor company’s stock valued at $130,064,000 after purchasing an additional 75,594 shares during the period. JPMorgan Chase & Co. raised its position in IPG Photonics by 41.6% in the third quarter. JPMorgan Chase & Co. now owns 462,817 shares of the semiconductor company’s stock valued at $85,010,000 after purchasing an additional 136,082 shares during the period. Finally, Jackson Square Partners LLC purchased a new stake in IPG Photonics in the third quarter valued at $85,354,000. 56.29% of the stock is currently owned by institutional investors.

Shares of IPG Photonics Co. (NASDAQ:IPGP) opened at $226.98 on Friday. The company has a quick ratio of 7.46, a current ratio of 9.02 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $12,741.81, a price-to-earnings ratio of 35.00, a P/E/G ratio of 2.60 and a beta of 1.88. IPG Photonics Co. has a 1-year low of $111.51 and a 1-year high of $264.11.

A number of equities research analysts have commented on IPGP shares. BidaskClub downgraded IPG Photonics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Zacks Investment Research downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price (up previously from $182.00) on shares of IPG Photonics in a research report on Friday, October 20th. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of IPG Photonics in a research report on Wednesday, November 1st. Finally, ValuEngine downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $196.30.

In related news, SVP Angelo P. Lopresti sold 9,500 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $261.49, for a total value of $2,484,155.00. Following the sale, the senior vice president now owns 46,765 shares in the company, valued at approximately $12,228,579.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Trevor Ness sold 10,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $208.17, for a total value of $2,081,700.00. Following the completion of the sale, the senior vice president now owns 22,906 shares in the company, valued at approximately $4,768,342.02. The disclosure for this sale can be found here. Insiders sold a total of 49,500 shares of company stock worth $11,979,620 in the last quarter. Company insiders own 33.80% of the company’s stock.

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About IPG Photonics

IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.

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

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