Schaper Benz & Wise Investment Counsel Inc. WI boosted its holdings in shares of IPG Photonics Corporation (NASDAQ:IPGP – Free Report) by 14.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,604 shares of the semiconductor company’s stock after purchasing an additional 12,020 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI owned approximately 0.23% of IPG Photonics worth $6,917,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. Lazard Asset Management LLC raised its position in IPG Photonics by 81.3% during the second quarter. Lazard Asset Management LLC now owns 1,899,461 shares of the semiconductor company’s stock worth $130,397,000 after acquiring an additional 851,869 shares during the period. AQR Capital Management LLC raised its position in shares of IPG Photonics by 53.7% during the 2nd quarter. AQR Capital Management LLC now owns 978,577 shares of the semiconductor company’s stock worth $67,101,000 after purchasing an additional 341,773 shares during the last quarter. Norges Bank purchased a new position in IPG Photonics in the 2nd quarter valued at about $16,671,000. American Capital Management Inc. acquired a new stake in IPG Photonics in the 3rd quarter worth about $9,038,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in IPG Photonics in the 3rd quarter worth about $6,645,000. 93.79% of the stock is owned by institutional investors and hedge funds.
IPG Photonics Price Performance
NASDAQ IPGP opened at $125.70 on Wednesday. The company has a market cap of $5.30 billion, a P/E ratio of 169.86, a P/E/G ratio of 2.92 and a beta of 0.95. The stock has a 50-day moving average of $113.27 and a two-hundred day moving average of $92.24. IPG Photonics Corporation has a 1-year low of $48.59 and a 1-year high of $155.82.
Wall Street Analyst Weigh In
A number of equities analysts have commented on IPGP shares. Benchmark reissued a “hold” rating on shares of IPG Photonics in a report on Wednesday, December 10th. Stifel Nicolaus boosted their price target on shares of IPG Photonics from $92.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Wall Street Zen upgraded IPG Photonics from a “hold” rating to a “buy” rating in a research report on Saturday. Raymond James Financial downgraded shares of IPG Photonics from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $97.00 to $180.00 in a research note on Friday, February 13th. Finally, Roth Mkm boosted their target price on shares of IPG Photonics from $105.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.40.
Check Out Our Latest Stock Report on IPG Photonics
Insider Buying and Selling
In other news, CAO Mary E. Buttarazzi sold 500 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $116.22, for a total value of $58,110.00. Following the sale, the chief accounting officer directly owned 4,749 shares in the company, valued at approximately $551,928.78. This trade represents a 9.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Valentin Gapontsev Trust I sold 23,029 shares of IPG Photonics stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $76.98, for a total value of $1,772,772.42. Following the completion of the transaction, the insider owned 6,818,577 shares of the company’s stock, valued at approximately $524,894,057.46. This trade represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 134,617 shares of company stock worth $10,636,883 over the last three months. 39.50% of the stock is owned by insiders.
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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