Teachers Retirement System of The State of Kentucky reduced its stake in IPG Photonics Co. (NASDAQ:IPGP) by 36.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,460 shares of the semiconductor company’s stock after selling 44,300 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.15% of IPG Photonics worth $16,800,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Strs Ohio acquired a new stake in IPG Photonics during the fourth quarter valued at approximately $101,000. Wolverine Asset Management LLC purchased a new stake in shares of IPG Photonics in the 4th quarter valued at approximately $102,000. MUFG Americas Holdings Corp lifted its position in shares of IPG Photonics by 122.5% in the 4th quarter. MUFG Americas Holdings Corp now owns 485 shares of the semiconductor company’s stock valued at $104,000 after acquiring an additional 267 shares in the last quarter. Bollard Group LLC lifted its position in shares of IPG Photonics by 145.5% in the 4th quarter. Bollard Group LLC now owns 491 shares of the semiconductor company’s stock valued at $105,000 after acquiring an additional 291 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of IPG Photonics in the 4th quarter valued at approximately $128,000. 57.14% of the stock is owned by institutional investors.
In other IPG Photonics news, CFO Timothy Pv Mammen sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $261.53, for a total value of $653,825.00. Following the transaction, the chief financial officer now owns 33,600 shares in the company, valued at approximately $8,787,408. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Eugene A. Shcherbakov sold 9,500 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $256.56, for a total transaction of $2,437,320.00. Following the transaction, the senior vice president now owns 16,957 shares in the company, valued at approximately $4,350,487.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,000 shares of company stock worth $14,199,417. Company insiders own 33.80% of the company’s stock.
IPG Photonics Co. (NASDAQ:IPGP) opened at $255.55 on Wednesday. The firm has a market cap of $13,769.17, a P/E ratio of 35.08, a price-to-earnings-growth ratio of 2.54 and a beta of 1.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.82 and a quick ratio of 7.27. IPG Photonics Co. has a 12 month low of $116.80 and a 12 month high of $264.11.
IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Friday, February 16th. The semiconductor company reported $1.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.14. The firm had revenue of $361.10 million for the quarter, compared to analyst estimates of $345.63 million. IPG Photonics had a net margin of 24.67% and a return on equity of 21.29%. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 EPS. equities research analysts expect that IPG Photonics Co. will post 8.37 earnings per share for the current year.
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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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