IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Valentin Gapontsev Trust I sold 18,091 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $75.14, for a total transaction of $1,359,357.74. Following the completion of the sale, the insider directly owned 6,652,192 shares in the company, valued at approximately $499,845,706.88. This represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Valentin Gapontsev Trust I also recently made the following trade(s):
- On Wednesday, September 2nd, Valentin Gapontsev Trust I sold 9,306 shares of IPG Photonics stock. The shares were sold at an average price of $75.95, for a total transaction of $706,790.70.
- On Tuesday, July 21st, Valentin Gapontsev Trust I sold 56,316 shares of IPG Photonics stock. The stock was sold at an average price of $102.31, for a total transaction of $5,761,689.96.
IPG Photonics Trading Down 0.0%
Shares of IPGP stock traded down $0.02 on Thursday, reaching $76.46. 359,942 shares of the stock were exchanged, compared to its average volume of 525,165. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 117.63, a PEG ratio of 1.99 and a beta of 0.98. The business’s 50 day moving average price is $91.94 and its 200 day moving average price is $109.35. IPG Photonics Corporation has a twelve month low of $69.41 and a twelve month high of $155.82.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of IPG Photonics from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Roth Capital reiterated a “buy” rating and set a $151.00 price target on shares of IPG Photonics in a research note on Tuesday, May 19th. Needham & Company LLC boosted their price target on shares of IPG Photonics from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Weiss Ratings restated a “sell (d+)” rating on shares of IPG Photonics in a research note on Wednesday, June 24th. Finally, Wall Street Zen lowered IPG Photonics from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, IPG Photonics presently has a consensus rating of “Moderate Buy” and an average target price of $142.60.
Get Our Latest Stock Report on IPG Photonics
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of IPGP. Oregon Public Employees Retirement Fund grew its position in IPG Photonics by 2.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 5,139 shares of the semiconductor company’s stock valued at $589,000 after acquiring an additional 100 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of IPG Photonics by 1.7% during the first quarter. State of Michigan Retirement System now owns 6,100 shares of the semiconductor company’s stock worth $699,000 after purchasing an additional 100 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of IPG Photonics by 6.1% in the fourth quarter. Deutsche Bank AG now owns 2,214 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 128 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of IPG Photonics by 17.0% in the first quarter. EverSource Wealth Advisors LLC now owns 915 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 133 shares during the period. Finally, Comerica Bank grew its holdings in IPG Photonics by 0.9% during the 4th quarter. Comerica Bank now owns 15,105 shares of the semiconductor company’s stock valued at $1,082,000 after purchasing an additional 135 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.
About IPG Photonics
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.
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