John R. Peeler Sells 2,734 Shares of IPG Photonics (IPGP) Stock

IPG Photonics (NASDAQ:IPGP) Director John R. Peeler sold 2,734 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $250.80, for a total transaction of $685,687.20. Following the transaction, the director now directly owns 9,738 shares in the company, valued at $2,442,290.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ IPGP traded up $6.83 during midday trading on Tuesday, reaching $231.75. 416,494 shares of the company’s stock traded hands, compared to its average volume of 653,412. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.27 and a current ratio of 8.82. IPG Photonics has a one year low of $116.82 and a one year high of $264.11. The company has a market cap of $12,615.62, a PE ratio of 31.92, a P/E/G ratio of 2.33 and a beta of 1.82.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results 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 company had revenue of $361.10 million during the quarter, compared to the consensus estimate of $345.63 million. IPG Photonics had a net margin of 24.67% and a return on equity of 21.29%. IPG Photonics’s revenue was up 28.9% compared to the same quarter last year. During the same period last year, the firm earned $1.39 earnings per share. analysts forecast that IPG Photonics will post 8.33 earnings per share for the current fiscal year.

A number of brokerages have recently commented on IPGP. Needham & Company LLC raised their target price on shares of IPG Photonics from $230.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Northcoast Research reiterated a “buy” rating and set a $290.00 price objective on shares of IPG Photonics in a research note on Wednesday, January 31st. Zacks Investment Research upgraded shares of IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $275.00 price objective on the stock in a research note on Thursday, February 22nd. ValuEngine upgraded shares of IPG Photonics from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Canaccord Genuity increased their price objective on shares of IPG Photonics from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Tuesday, February 20th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. IPG Photonics currently has a consensus rating of “Buy” and a consensus target price of $213.60.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in IPG Photonics by 20.1% in the fourth quarter. BlackRock Inc. now owns 3,874,614 shares of the semiconductor company’s stock valued at $829,672,000 after acquiring an additional 648,145 shares in the last quarter. Harding Loevner LP boosted its stake in IPG Photonics by 86.6% in the third quarter. Harding Loevner LP now owns 2,825,425 shares of the semiconductor company’s stock valued at $167,055,000 after acquiring an additional 1,311,384 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in IPG Photonics by 3.1% in the fourth quarter. Eagle Asset Management Inc. now owns 771,707 shares of the semiconductor company’s stock valued at $167,036,000 after acquiring an additional 22,959 shares in the last quarter. Carillon Tower Advisers Inc. acquired a new stake in IPG Photonics in the fourth quarter valued at approximately $134,367,000. Finally, BRILLIANCE ASSET MANAGEMENT Ltd boosted its stake in IPG Photonics by 14.2% in the fourth quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 607,405 shares of the semiconductor company’s stock valued at $130,064,000 after acquiring an additional 75,594 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

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About IPG Photonics

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

Insider Buying and Selling by Quarter for IPG Photonics (NASDAQ:IPGP)

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