Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

IPG Photonics Co. is owned by Connor Clark & Lunn Investment Management Ltd. for $2.29 million (NASDAQ:IPGP)

The company had 27,100 shares of its stock in its possession at the end of the period, having purchased an additional 7,832 shares of the semiconductor manufacturer’s stock.

In recent months, hedge funds and other institutional investors have seen several changes regarding how they hold their IPGP shares.

During the third quarter of 2018, Wipfli Financial Advisors LLC made a capital contribution of $36,000 to IPG Photonics.

This contribution was given to IPG Photonics as a thank-you.

During the second quarter, Quadrant Capital Group LLC saw a 195.1% rise in the amount of IPG Photonics stock it owned as a percentage of its total shares.

The semiconductor division of Quadrant Capital Group LLC now has 478 shares held by the company after purchasing an additional 316 shares during the most recent fiscal quarter.

There is a value of $45,000 associated with these shares.

Truvestments Capital LLC increased its ownership stake in IPG Photonics by investing approximately $55,000 during the year’s second quarter.

IPG Photonics received an additional investment of approximately $60,000 from CoreCap Advisors LLC during the second quarter, bringing the total ownership held by CoreCap Advisors LLC to almost 100%.

During the second quarter of 2018, Van ECK Associates Corporation invested $90,000.

IPG Photonics was the recipient of this investment.

The majority of the stock is owned by hedge funds and other institutional investors, accounting for 63.50% of the total.
Several different research organizations have published reports on the IPGP in recent times.

According to research released on Thursday by Sanford C.

Bernstein, the company’s target price for IPG Photonics has increased from $100 to $124.

This price was determined based on the firm’s valuation of the company.

The target price that Stifel Nicolaus has set for IPG Photonics has increased from $110.00 to $145.00 due to a research report that was made public this past Wednesday. Raymond James changed its rating for IPG Photonics from “underperform” to “market perform” in a research note that was published on November 1st, and DA Davidson reaffirmed its “buy” rating for the shares of IPG Photonics in a research note that was published on January 3rd.

IPG Photonics was given a rating of “buy” by Benchmark in a research note published on Wednesday.

Previously, the company had recommended that investors “hold” their positions.

The final and most significant adjustment was made here.

The stock has been assigned a rating of “Hold” by three equity research analysts, while a rating of “buy” has been assigned by four other analysts.

According to the data provided by Bloomberg, the stock is currently rated as having an average recommendation of “Moderate Buy,” It has a price target that is generally agreed upon to be $135.00.
On Friday, the NASDAQ IPGP market opened at $133.51.

Trading began.

It has a price-to-earnings ratio of 67.77, a price-to-earnings-growth ratio of 6.05, and a beta value of 1.24.

The market capitalization of the company is currently sitting at $6.50 billion.

The price of IPG Photonics Company has been $79.88 at both its lowest point and its highest point over the past year.

The company’s moving average over the previous 200 days is $95.96, while the moving average over the previous 50 days is $104.89.

IPG Photonics Corp.

Is in charge of creating new optical component designs and their production, distribution, and ongoing research and development.

These components include fiber lasers, laser systems, fiber amplifiers, and various other optical components.

Beam delivery, medical, and telecommunications equipment, as well as components like pump diodes, chillers, and mid-IR crystals, are some of its products.

Also, it sells equipment.

Would you like more information regarding the various hedge funds that are helping to support IPGP? If you go to HoldingsChannel.com, you will find the most recent details regarding insider trading and 13F filings for IPG Photonics Co (NASDAQ: IPGP).



This post first appeared on Best Stocks, please read the originial post: here

Share the post

IPG Photonics Co. is owned by Connor Clark & Lunn Investment Management Ltd. for $2.29 million (NASDAQ:IPGP)

×

Subscribe to Best Stocks

Get updates delivered right to your inbox!

Thank you for your subscription

×