IPG Photonics Co. (NASDAQ:IPGP) Major Shareholder Valentin Gapontsev Trust I Sells 8,000 Shares

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IPG Photonics Co. (NASDAQ:IPGP) major shareholder Valentin Gapontsev Trust I sold 8,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $141.06, for a total transaction of $1,128,480.00. Following the sale, the insider now directly owns 7,533,928 shares in the company, valued at $1,062,735,883.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Valentin Gapontsev Trust I also recently made the following trade(s):

  • On Monday, November 25th, Valentin Gapontsev Trust I sold 10,000 shares of IPG Photonics stock. The shares were sold at an average price of $142.01, for a total value of $1,420,100.00.

Shares of IPGP traded up $3.68 during mid-day trading on Wednesday, hitting $143.25. 333,889 shares of the company were exchanged, compared to its average volume of 468,057. IPG Photonics Co. has a 1-year low of $104.64 and a 1-year high of $182.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.05 and a current ratio of 9.08. The company has a 50 day moving average of $139.74 and a 200-day moving average of $134.89. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 11.94 and a beta of 2.18.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $1.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.12). IPG Photonics had a net margin of 19.45% and a return on equity of 11.50%. The company had revenue of $329.14 million during the quarter, compared to analysts’ expectations of $336.93 million. During the same period in the prior year, the business posted $1.84 earnings per share. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. Research analysts anticipate that IPG Photonics Co. will post 4.36 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of IPG Photonics by 1.3% during the second quarter. Vanguard Group Inc. now owns 3,762,010 shares of the semiconductor company’s stock worth $580,290,000 after purchasing an additional 48,004 shares in the last quarter. State Street Corp lifted its holdings in IPG Photonics by 1.0% in the 3rd quarter. State Street Corp now owns 1,422,337 shares of the semiconductor company’s stock valued at $192,869,000 after purchasing an additional 13,970 shares in the last quarter. Invesco Ltd. lifted its holdings in IPG Photonics by 108.8% in the 2nd quarter. Invesco Ltd. now owns 1,344,571 shares of the semiconductor company’s stock valued at $207,400,000 after purchasing an additional 700,721 shares in the last quarter. Pictet Asset Management Ltd. lifted its holdings in IPG Photonics by 4.6% in the 2nd quarter. Pictet Asset Management Ltd. now owns 971,975 shares of the semiconductor company’s stock valued at $149,927,000 after purchasing an additional 42,970 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in IPG Photonics by 490.2% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 538,268 shares of the semiconductor company’s stock worth $83,028,000 after purchasing an additional 447,068 shares during the last quarter. 64.43% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on IPGP. Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a report on Tuesday, October 29th. ValuEngine raised IPG Photonics from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. DA Davidson dropped their price objective on IPG Photonics to $150.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Benchmark restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Zacks Investment Research raised IPG Photonics from a “sell” rating to a “hold” rating and set a $115.00 target price for the company in a research note on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. IPG Photonics currently has a consensus rating of “Buy” and a consensus price target of $160.56.

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.

Further Reading: Trading based on a resistance level

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

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