IPG Photonics Corporation (NASDAQ:IPGP) SVP Eugene A. Shcherbakov sold 9,500 shares of IPG Photonics stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $256.56, for a total value of $2,437,320.00. Following the sale, the senior vice president now directly owns 16,957 shares in the company, valued at approximately $4,350,487.92. The sale was disclosed in a document filed with the SEC, which is available at this link.
IPG Photonics Corporation (NASDAQ IPGP) traded up $0.66 during mid-day trading on Wednesday, hitting $260.95. The stock had a trading volume of 616,930 shares, compared to its average volume of 600,229. The company has a market capitalization of $14,050.00, a P/E ratio of 38.38, a P/E/G ratio of 2.82 and a beta of 1.71. IPG Photonics Corporation has a 12 month low of $98.05 and a 12 month high of $264.11. The company has a current ratio of 9.02, a quick ratio of 7.46 and a debt-to-equity ratio of 0.02.
IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.32. The company had revenue of $392.62 million during the quarter, compared to the consensus estimate of $367.27 million. IPG Photonics had a return on equity of 21.17% and a net margin of 27.85%. The firm’s quarterly revenue was up 47.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.29 earnings per share. analysts predict that IPG Photonics Corporation will post 7.13 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC bought a new stake in shares of IPG Photonics in the second quarter worth about $352,000. Prudential PLC boosted its position in shares of IPG Photonics by 12.3% during the second quarter. Prudential PLC now owns 43,000 shares of the semiconductor company’s stock worth $6,239,000 after buying an additional 4,700 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of IPG Photonics during the third quarter worth about $8,013,000. Alps Advisors Inc. boosted its position in shares of IPG Photonics by 14.4% during the third quarter. Alps Advisors Inc. now owns 4,629 shares of the semiconductor company’s stock worth $857,000 after buying an additional 582 shares during the period. Finally, Moors & Cabot Inc. acquired a new position in shares of IPG Photonics during the third quarter worth about $1,374,000. Institutional investors and hedge funds own 56.38% of the company’s stock.
About IPG Photonics
IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.
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