Neumeier Poma Investment Counsel LLC Bought 9,285 Shares of IPG Photonics Co. (IPGP)

Neumeier Poma Investment Counsel LLC Bought 9,285 Shares of IPG Photonics Co. (IPGP)

Neumeier Poma Investment Counsel LLC increased its position in IPG Photonics Co. (NASDAQ:IPGP) by 11.0% during the first quarter, Holdings Channel reports. The firm owned 94,000 shares of the semiconductor company’s stock after buying an additional 9,285 shares during the period. Neumeier Poma Investment Counsel LLC’s holdings in IPG Photonics were worth $11,346,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Motley Fool Wealth Management LLC raised its position in shares of IPG Photonics by 1.5% in the fourth quarter. Motley Fool Wealth Management LLC now owns 163,785 shares of the semiconductor company’s stock worth $16,167,000 after buying an additional 2,347 shares during the period. Russell Investments Group Ltd. bought a new position in shares of IPG Photonics during the fourth quarter worth about $2,201,000. Notis McConarty Edward raised its position in shares of IPG Photonics by 1.5% in the third quarter. Notis McConarty Edward now owns 3,475 shares of the semiconductor company’s stock worth $287,000 after buying an additional 50 shares during the period. Pioneer Investment Management Inc. raised its position in shares of IPG Photonics by 9.4% in the third quarter. Pioneer Investment Management Inc. now owns 340,695 shares of the semiconductor company’s stock worth $28,056,000 after buying an additional 29,415 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its position in shares of IPG Photonics by 36.7% in the third quarter. D. E. Shaw & Co. Inc. now owns 98,003 shares of the semiconductor company’s stock worth $8,071,000 after buying an additional 26,318 shares during the period. 60.50% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, May 2nd. The semiconductor company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.19. The firm had revenue of $285.80 million for the quarter, compared to analysts’ expectations of $253.97 million. IPG Photonics had a return on equity of 17.73% and a net margin of 25.83%. The company’s quarterly revenue was up 37.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 EPS.

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $146.00 target price (up previously from $130.00) on shares of IPG Photonics in a research report on Wednesday, May 3rd. Dougherty & Co boosted their price target on shares of IPG Photonics from $137.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, May 3rd. Zacks Investment Research raised shares of IPG Photonics from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a report on Thursday, May 4th. Canaccord Genuity reissued a “buy” rating on shares of IPG Photonics in a report on Tuesday, March 7th. Finally, Benchmark Co. boosted their price target on shares of IPG Photonics from $116.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, February 15th. Seven equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $128.67.

In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 23,800 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $135.40, for a total transaction of $3,222,520.00. Following the transaction, the insider now owns 7,614,471 shares in the company, valued at approximately $1,030,999,373.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Angelo P. Lopresti sold 4,626 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $138.00, for a total value of $638,388.00. Following the transaction, the senior vice president now owns 37,765 shares in the company, valued at approximately $5,211,570. The disclosure for this sale can be found here. Insiders have sold a total of 28,626 shares of company stock worth $3,888,908 in the last quarter. Company insiders own 34.20% of the company’s stock.

IPG Photonics Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:IPGP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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