IPG PHOTONICS CORP

Ticker: IPGP CUSIP: 44980X109 Class: Common Stock

DAVIDSON INVESTMENT ADVISORS's Holding History (CIK: 0001140771)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014

Shares 27,375 Value ($000) $1,537 Avg Close $67.37 Range $61.48 - $73.29

Q2 2014

Shares 10,814 Value ($000) $740 Avg Close $67.40 Range $60.31 - $75.73

Q1 2014

Shares 20,335 Value ($000) $1,441 Avg Close $70.26 Range $63.53 - $77.57

Q4 2013

Shares 20,865 Value ($000) $1,614 Avg Close $67.99 Range $56.44 - $79.00

Q3 2013

Shares 27,375 Value ($000) $1,537 Avg Close $58.50 Range $53.28 - $67.81

Q2 2013

Shares 13,475 Value ($000) $813 Avg Close $61.08 Range $54.32 - $67.24

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	27,375	$1,537	$67.37	$61.48 - $73.29
Q2 2014	10,814	$740	$67.40	$60.31 - $75.73
Q1 2014	20,335	$1,441	$70.26	$63.53 - $77.57
Q4 2013	20,865	$1,614	$67.99	$56.44 - $79.00
Q3 2013	27,375	$1,537	$58.50	$53.28 - $67.81
Q2 2013	13,475	$813	$61.08	$54.32 - $67.24