The most recent 13F report that the company filed with the SEC indicates that during the third quarter, the State of New Jersey Common Pension Fund D increased its holdings in IPG Photonics Co. (NASDAQ: IPGP) by 10.9%. The company volunteered this information for our consideration. As a result of the fund’s purchase of an additional 2,443 shares of the semiconductor company’s stock during the quarter, the total number of shares of the company’s stock that it currently owns amounts to 24,945. The most recent report released by the SEC indicated that the value of the holding in IPG Photonics made by the State of New Jersey Common Pension Fund D was USD 2,104,000. This information was derived from the value of the holding published in the report.
There have also been transactions that involved institutional investors and other hedge funds buying and selling company stock. These transactions have taken place. Ocado Quantitative Strategies LP increased the amount of IPG Photonics stock held by 6.1% during the second quarter. Ocado Quantitative Strategies LP now has a total of 15,341 shares of the semiconductor company’s stock after purchasing an additional 877 shares during the most recent quarter. The current market price for these shares is $1,444,000. During the second quarter, the Texas Permanent School Fund increased the amount of IPG Photonics stock owned by 263.3%, bringing its total ownership percentage to 100%. Texas Permanent School Fund now has 16,830 shares of ownership in the corporation after purchasing an additional 12,197 shares of the semiconductor company during the preceding quarter for a total cost of $1,584,000. This brings the fund’s total number of shares to 16,830. During the second quarter, the North Carolina Treasurer’s Office increased the total number of shares of IPG Photonics stock owned by 10.2 percent. The stock in the semiconductor company held by the Treasurer of the State of North Carolina was increased by an additional 1,359 shares during the most recent quarter, bringing the total number of shares held by the Treasurer to 14,690.
The current value of these shares, when traded on the market, is $1,383,000. During the second quarter, C Partners Holding GmbH successfully elevated the proportion of IPG Photonics shares it owned to 14.2%. C Partners Holding GmbH now holds a total of 152,874 shares of the semiconductor company’s stock, valued at $14,390,000. This is due to acquiring an additional 19,054 shares during the preceding quarter. Last but not least, during the second quarter, Connor Clark & Lunn Investment Management Ltd. spent approximately $1,814,000 to increase the amount of IPG Photonics stock it owned. This is by no means the least important item on this list. Institutional investors and hedge funds are the primary owners of the company’s stock, accounting for 63.50% of the total number of shares outstanding.
Concerning IPGP, analysts have produced several reports over time. In a research note that was made public on November 2, Stifel Nicolaus announced that they had expanded their coverage to include IPG Photonics. They recommended purchasing the company’s stock and setting the price target at $110.00 per share. Benchmark stated its intention to reduce its price target for IPG Photonics from $165.00 to $130.00 in a research note published on November 2. DA Davidson reaffirmed its “buy” rating for the shares of IPG Photonics in a research note published on Tuesday, January 3. The note was about the company’s stock. Raymond James reevaluated IPG Photonics on November 1 and changed its rating from “underperform” to “market perform” in a research note distributed at that time. IPG Photonics was finally the subject of a research note published by StockNews.com on October 12 (a Wednesday). They provided the company with a rating of “hold.” The stock has been given a buy rating by three analysts, while three others have recommended that investors maintain their stock holdings. According to the data from Bloomberg, the stock is currently rated as having a consensus price objective of $134.20, which corresponds to a “Moderate Buy” rating. The stock is currently rated with a “Moderate Buy” as the average recommendation.
On Thursday, NASDAQ began trading for IPGP for $107.62. The firm’s market capitalization is currently valued at $5.24 billion, while its P/E ratio stands at 21.14, its P/E/G ratio sits at 10.80, and its beta stands at 1.24. The company’s moving averages for the past 50 days are $95.22; over the past 200 days, they are $93.38. IPG Photonics Co. achieved a price of $161.97 as its one-year high, while the company reached a price of $79.88 as its one-year low.
IPG Photonics (NASDAQ: IPGP) disseminated the findings of its most recent quarterly earnings report on November 1, which was a Tuesday. The company that manufactures semiconductors reported a profit of $1.47 per share for the quarter, which is $0.30 more than the estimate made by the consensus, which was $1.17 per share. In comparison to the $361.29 million in revenue anticipated to be generated by the company during the period in question, the actual figure was $349.01 million. IPG Photonics had a return on equity of 10.58 percent, and the net margin for the company was 18.34 percent. IPG Photonics Company is expected to generate a profit of 4.8 cents per share for the current fiscal year, according to projections made by analysts who follow the industry.
IPG Photonics Corporation is a business that specializes in creating high-performance fiber lasers, fiber amplifiers, and diode lasers, as well as manufacturing and selling these products. The materials processing industry is one of the most common applications for these lasers, and it is also where they are manufactured before being made available for customers. The company’s laser products include fiber-pigtailed packaged diodes, fiber-coupled direct diode laser systems, high-energy pulsed lasers, multi-wavelength and tunable lasers, single-polarization and single-frequency lasers, high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories. All of these products can be found on the company’s website.
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