IPG Photonics (NASDAQ:IPGP) Major Shareholder Valentin Gapontsev Trust I Sells 6,020 Shares of Company Stock

IPG Photonics Corporation (NASDAQ:IPGP) major shareholder Valentin Gapontsev Trust I sold 6,020 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $75.18, for a total value of $452,583.60. Following the sale, the insider directly owned 6,636,866 shares of the company’s stock, valued at $498,959,585.88. This represents a 0.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, November 3rd, Valentin Gapontsev Trust I sold 14,632 shares of IPG Photonics stock. The shares were sold at an average price of $75.18, for a total value of $1,100,033.76.
• 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 value of $706,790.70.
• On Tuesday, September 1st, Valentin Gapontsev Trust I sold 18,091 shares of IPG Photonics stock. The stock was sold at an average price of $75.14, for a total value of $1,359,357.74.

IPG Photonics Trading Down 5.8%

Shares of IPG Photonics stock opened at $70.11 on Thursday. The company has a market capitalization of $2.98 billion, a P/E ratio of 74.59, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00. The stock has a fifty day simple moving average of $76.42 and a 200 day simple moving average of $100.71. IPG Photonics Corporation has a 12-month low of $67.70 and a 12-month high of $155.82.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, November 3rd. The semiconductor company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.12. The business had revenue of $287.50 million for the quarter, compared to analysts’ expectations of $283.31 million. IPG Photonics had a return on equity of 3.91% and a net margin of 3.65%. The business’s revenue was up 14.6% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS. On average, analysts predict that IPG Photonics Corporation will post 1.86 EPS for the current year.

Institutional Investors Weigh In On IPG Photonics

Several large investors have recently made changes to their positions in IPGP. MCF Advisors LLC purchased a new stake in IPG Photonics during the second quarter worth about $38,000. Versant Capital Management Inc raised its position in IPG Photonics by 42.2% in the third quarter. Versant Capital Management Inc now owns 495 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 147 shares during the period. Rockefeller Capital Management L.P. boosted its stake in IPG Photonics by 43.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 552 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 166 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in IPG Photonics by 83.9% in the third quarter. Farther Finance Advisors LLC now owns 524 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 239 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in IPG Photonics by 206.1% in the third quarter. IFP Advisors Inc now owns 704 shares of the semiconductor company’s stock valued at $55,000 after acquiring an additional 474 shares during the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Citigroup dropped their price target on shares of IPG Photonics from $150.00 to $137.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of IPG Photonics in a research report on Monday, September 21st. Finally, Needham & Company LLC decreased their price objective on shares of IPG Photonics from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, IPG Photonics has an average rating of “Moderate Buy” and an average price target of $139.60.

IPG Photonics News Summary

Here are the key news stories impacting IPG Photonics this week:

• Positive Sentiment: Q3 adjusted earnings were $0.61 per share, ahead of the $0.49 consensus, while revenue of about $288 million also exceeded estimates and rose roughly 15% year over year. Semiconductor laser revenue more than doubled, and industrial and advanced-solutions demand supported growth. Article: IPG Photonics: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Needham lowered its price target to $105 from $120 but maintained a Buy rating. The reduced target is a headwind, although the new target still implies substantial upside from the price cited in the report. Article: Needham price target update
• Neutral Sentiment: Major shareholder Valentin Gapontsev Trust I sold shares under a pre-arranged Rule 10b5-1 plan. The reported sales were small relative to its remaining stake of more than 6.6 million shares, limiting the signal’s significance. SEC Form 4 filing
• Negative Sentiment: Despite the earnings beat, the Q3 deep dive noted that guidance reflects near-term caution. That outlook may be prompting investors to focus on potential near-term softness rather than the quarter’s growth. Article: IPGP Q3 deep dive

About IPG Photonics

IPG Photonics Corporation (NASDAQ:IPGP) develops and manufactures high-performance fiber lasers, laser systems, optical amplifiers and related components. Its product portfolio includes single-mode and multi-mode fiber lasers, pulsed lasers, diode lasers, beam-delivery systems and other specialized photonics products.

The company’s technologies are used primarily for industrial materials processing applications, including cutting, welding, marking, drilling, cladding and additive manufacturing.