Morgan Stanley Trims Stake in IPG Photonics Co. (IPGP)

Morgan Stanley cut its position in IPG Photonics Co. (NASDAQ:IPGP) by 15.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,524 shares of the semiconductor company’s stock after selling 51,719 shares during the period. Morgan Stanley’s holdings in IPG Photonics were worth $61,450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas grew its stake in shares of IPG Photonics by 14.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 33,345 shares of the semiconductor company’s stock valued at $7,357,000 after buying an additional 4,233 shares during the period. Redwood Investments LLC acquired a new stake in shares of IPG Photonics in the 2nd quarter valued at about $490,000. Janus Henderson Group PLC grew its stake in shares of IPG Photonics by 47.7% in the 2nd quarter. Janus Henderson Group PLC now owns 593,969 shares of the semiconductor company’s stock valued at $131,048,000 after buying an additional 191,959 shares during the period. Rampart Investment Management Company LLC grew its stake in shares of IPG Photonics by 20,205.1% in the 2nd quarter. Rampart Investment Management Company LLC now owns 7,919 shares of the semiconductor company’s stock valued at $1,747,000 after buying an additional 7,880 shares during the period. Finally, Swiss National Bank grew its stake in shares of IPG Photonics by 3.8% in the 2nd quarter. Swiss National Bank now owns 124,900 shares of the semiconductor company’s stock valued at $27,557,000 after buying an additional 4,600 shares during the period. Institutional investors own 58.33% of the company’s stock.

Several analysts have recently commented on IPGP shares. BidaskClub downgraded IPG Photonics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 12th. ValuEngine downgraded IPG Photonics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. Zacks Investment Research downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Needham & Company LLC reduced their target price on IPG Photonics from $280.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, August 1st. Finally, Stifel Nicolaus cut their price target on IPG Photonics from $282.00 to $228.00 and set a “buy” rating for the company in a research note on Wednesday, August 1st. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. IPG Photonics has a consensus rating of “Buy” and a consensus target price of $242.00.

IPGP stock opened at $155.46 on Thursday. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 1.68 and a beta of 1.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.73 and a quick ratio of 6.94. IPG Photonics Co. has a 52-week low of $153.37 and a 52-week high of $264.11.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, July 31st. The semiconductor company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). The company had revenue of $413.61 million for the quarter, compared to analyst estimates of $418.61 million. IPG Photonics had a net margin of 25.96% and a return on equity of 21.55%. IPG Photonics’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.91 EPS. analysts forecast that IPG Photonics Co. will post 8.02 EPS for the current year.

IPG Photonics Company Profile

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; 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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