American International Group Inc. Sells 2,110 Shares of IPG Photonics Co. (NASDAQ:IPGP)

American International Group Inc. reduced its holdings in IPG Photonics Co. (NASDAQ:IPGP) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,934 shares of the semiconductor company’s stock after selling 2,110 shares during the quarter. American International Group Inc. owned about 0.09% of IPG Photonics worth $4,334,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Linden Thomas Advisory Services LLC grew its position in shares of IPG Photonics by 1.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 10,302 shares of the semiconductor company’s stock worth $1,118,000 after buying an additional 123 shares during the last quarter. Treasurer of the State of North Carolina grew its position in shares of IPG Photonics by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 13,300 shares of the semiconductor company’s stock worth $1,444,000 after buying an additional 130 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of IPG Photonics by 18.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 922 shares of the semiconductor company’s stock worth $102,000 after buying an additional 143 shares during the last quarter. VisionPoint Advisory Group LLC grew its position in shares of IPG Photonics by 127.2% in the 3rd 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. Finally, Janiczek Wealth Management LLC grew its position in shares of IPG Photonics by 23.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 930 shares of the semiconductor company’s stock worth $101,000 after buying an additional 179 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors.

Insider Transactions at IPG Photonics

In other news, Director Jeanmarie F. Desmond sold 985 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $85.20, for a total value of $83,922.00. Following the completion of the transaction, the director now owns 4,319 shares in the company, valued at $367,978.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jeanmarie F. Desmond sold 985 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $85.20, for a total value of $83,922.00. Following the completion of the transaction, the director now owns 4,319 shares in the company, valued at $367,978.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric Meurice sold 788 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $89.30, for a total value of $70,368.40. Following the completion of the transaction, the director now owns 16,491 shares of the company’s stock, valued at approximately $1,472,646.30. The disclosure for this sale can be found here. Insiders sold 20,773 shares of company stock worth $1,822,630 over the last quarter. 38.00% of the stock is currently owned by insiders.

IPG Photonics Trading Up 2.2 %

Shares of NASDAQ:IPGP opened at $83.35 on Friday. The stock has a fifty day simple moving average of $86.34 and a two-hundred day simple moving average of $92.44. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 21.48 and a beta of 1.08. IPG Photonics Co. has a 12-month low of $80.27 and a 12-month high of $141.85.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $252.00 million during the quarter, compared to analysts’ expectations of $255.53 million. IPG Photonics had a return on equity of 7.67% and a net margin of 15.34%. The firm’s quarterly revenue was down 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 earnings per share. As a group, equities research analysts predict that IPG Photonics Co. will post 2.77 EPS for the current year.

Analyst Ratings Changes

IPGP has been the topic of several research reports. Citigroup dropped their price target on IPG Photonics from $74.00 to $68.00 and set a “sell” rating on the stock in a research report on Thursday, May 2nd. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, May 1st. Finally, Benchmark dropped their price target on IPG Photonics from $116.00 to $106.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, IPG Photonics currently has a consensus rating of “Moderate Buy” and an average price target of $110.40.

IPG Photonics Company 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.