Bancorpsouth Inc. Has $548,000 Position in IPG Photonics Corporation (IPGP)

Bancorpsouth Inc. boosted its stake in shares of IPG Photonics Corporation (NASDAQ:IPGP) by 35.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,537 shares of the semiconductor company’s stock after buying an additional 1,181 shares during the period. Bancorpsouth Inc.’s holdings in IPG Photonics Corporation were worth $548,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IPGP. Huntington National Bank increased its stake in IPG Photonics Corporation by 3,188.5% in the first quarter. Huntington National Bank now owns 855 shares of the semiconductor company’s stock valued at $103,000 after buying an additional 829 shares during the last quarter. Flinton Capital Management LLC increased its stake in IPG Photonics Corporation by 3.3% in the first quarter. Flinton Capital Management LLC now owns 1,008 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 32 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in IPG Photonics Corporation by 13.9% in the first quarter. YorkBridge Wealth Partners LLC now owns 895 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 109 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in IPG Photonics Corporation by 3.3% in the first quarter. Meadow Creek Investment Management LLC now owns 1,386 shares of the semiconductor company’s stock valued at $167,000 after buying an additional 44 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in IPG Photonics Corporation during the first quarter valued at $182,000. Hedge funds and other institutional investors own 60.54% of the company’s stock.

Institutional Ownership by Quarter for IPG Photonics Corporation (NASDAQ:IPGP)

Shares of IPG Photonics Corporation (NASDAQ:IPGP) traded up 1.31% during midday trading on Friday, hitting $140.27. The stock had a trading volume of 581,841 shares. The firm has a 50 day moving average price of $138.14 and a 200 day moving average price of $118.06. IPG Photonics Corporation has a one year low of $76.22 and a one year high of $146.49. The stock has a market cap of $7.53 billion, a PE ratio of 26.42 and a beta of 1.68.

IPG Photonics Corporation (NASDAQ:IPGP) last issued its earnings results 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. IPG Photonics Corporation had a return on equity of 18.56% and a net margin of 26.31%. The business had revenue of $285.80 million for the quarter, compared to analyst estimates of $253.97 million. During the same quarter last year, the company earned $0.92 EPS. The business’s quarterly revenue was up 37.9% on a year-over-year basis. On average, equities analysts forecast that IPG Photonics Corporation will post $5.95 earnings per share for the current fiscal year.

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IPGP has been the subject of several recent research reports. Canaccord Genuity restated a “buy” rating and issued a $152.00 price objective (up from $138.00) on shares of IPG Photonics Corporation in a report on Friday. Longbow Research upgraded IPG Photonics Corporation from a “neutral” rating to a “buy” rating and set a $175.00 target price on the stock in a research note on Tuesday, June 6th. Zacks Investment Research upgraded IPG Photonics Corporation from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research note on Thursday, May 4th. Needham & Company LLC reiterated a “buy” rating and issued a $146.00 target price (up previously from $130.00) on shares of IPG Photonics Corporation in a research note on Wednesday, May 3rd. Finally, Dougherty & Co lifted their target price on IPG Photonics Corporation from $137.00 to $157.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $127.88.

In related news, Director Thomas J. Seifert sold 2,849 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $141.47, for a total transaction of $403,048.03. Following the transaction, the director now owns 9,180 shares in the company, valued at approximately $1,298,694.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Valentin Gapontsev Trust I sold 200 shares of IPG Photonics Corporation stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $140.00, for a total value of $28,000.00. Following the completion of the transaction, the insider now owns 7,621,799 shares in the company, valued at $1,067,051,860. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock worth $4,291,956 in the last three months. Corporate insiders own 34.20% of the company’s stock.

IPG Photonics Corporation 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.

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