Strs Ohio Sells 18,625 Shares of IPG Photonics Corporation $IPGP

Strs Ohio cut its stake in IPG Photonics Corporation (NASDAQ:IPGP) by 96.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 598 shares of the semiconductor company’s stock after selling 18,625 shares during the quarter. Strs Ohio’s holdings in IPG Photonics were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the company. Versant Capital Management Inc increased its position in shares of IPG Photonics by 51.1% during the 3rd quarter. Versant Capital Management Inc now owns 343 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 116 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of IPG Photonics by 1,621.7% during the 2nd quarter. True Wealth Design LLC now owns 396 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 373 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of IPG Photonics by 207.1% in the second quarter. Nomura Asset Management Co. Ltd. now owns 430 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 290 shares during the period. EverSource Wealth Advisors LLC boosted its stake in IPG Photonics by 348.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 744 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 578 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of IPG Photonics during the second quarter worth $65,000. Institutional investors own 93.79% of the company’s stock.

IPG Photonics Trading Down 0.6%

IPG Photonics stock opened at $99.30 on Friday. IPG Photonics Corporation has a 12-month low of $48.59 and a 12-month high of $103.26. The firm has a 50-day moving average price of $81.23 and a 200-day moving average price of $81.19. The firm has a market capitalization of $4.18 billion, a PE ratio of 162.79, a price-to-earnings-growth ratio of 12.63 and a beta of 1.03.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, November 4th. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.19. IPG Photonics had a net margin of 2.66% and a return on equity of 2.35%. The company had revenue of $250.79 million for the quarter, compared to analyst estimates of $240.18 million. As a group, sell-side analysts predict that IPG Photonics Corporation will post 1.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IPGP has been the topic of a number of research analyst reports. Stifel Nicolaus set a $92.00 target price on IPG Photonics in a research report on Tuesday, November 4th. Benchmark reaffirmed a “hold” rating on shares of IPG Photonics in a report on Wednesday, December 10th. Citigroup raised shares of IPG Photonics from a “sell” rating to a “buy” rating and raised their target price for the company from $68.00 to $105.00 in a report on Wednesday, November 5th. Zacks Research raised shares of IPG Photonics from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of IPG Photonics in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, IPG Photonics presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.67.

Insiders Place Their Bets

In other IPG Photonics news, Director Eugene A. Scherbakov sold 2,700 shares of the stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $80.96, for a total value of $218,592.00. Following the sale, the director owned 59,330 shares in the company, valued at $4,803,356.80. This trade represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eric Meurice sold 750 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $95.00, for a total transaction of $71,250.00. Following the sale, the director directly owned 22,803 shares of the company’s stock, valued at $2,166,285. This represents a 3.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 470,913 shares of company stock valued at $36,233,025 over the last quarter. 39.50% of the stock is currently owned by insiders.

IPG Photonics Company Profile

IPG Photonics Corporation is a global leader in the design and manufacture of high-performance fiber lasers and amplifiers used in industrial, medical, scientific, and telecommunications applications. The company’s core products include ytterbium and erbium fiber lasers, diode lasers, and fiber amplifiers that deliver high power and efficiency for precision cutting, welding, marking, and engraving. IPG’s systems are engineered to optimize process speed, reliability, and energy consumption, making them a preferred choice for advanced manufacturing environments.

In addition to stand-alone laser sources, IPG offers turnkey laser systems and integrated solutions tailored to sectors such as automotive, electronics, aerospace, additive manufacturing, and life sciences.