IPG Photonics Corporation (NASDAQ:IPGP) SVP Eugene A. Shcherbakov sold 9,500 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $256.56, for a total transaction of $2,437,320.00. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of IPG Photonics Corporation (NASDAQ:IPGP) traded down $1.67 during midday trading on Wednesday, hitting $254.53. 494,470 shares of the stock traded hands, compared to its average volume of 704,299. The company has a market cap of $13,700.00, a price-to-earnings ratio of 37.43, a PEG ratio of 2.65 and a beta of 1.71. The company has a quick ratio of 7.46, a current ratio of 9.02 and a debt-to-equity ratio of 0.02. IPG Photonics Corporation has a one year low of $97.03 and a one year high of $260.33.
IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.32. The company had revenue of $392.62 million for the quarter, compared to analyst estimates of $367.27 million. IPG Photonics had a net margin of 27.85% and a return on equity of 21.17%. The company’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 EPS. equities research analysts expect that IPG Photonics Corporation will post 7.13 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new stake in shares of IPG Photonics in the 2nd quarter valued at approximately $352,000. Prudential PLC raised its position in shares of IPG Photonics by 12.3% in the 2nd quarter. Prudential PLC now owns 43,000 shares of the semiconductor company’s stock valued at $6,239,000 after acquiring an additional 4,700 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of IPG Photonics in the 3rd quarter valued at approximately $8,013,000. Alps Advisors Inc. raised its position in shares of IPG Photonics by 14.4% in the 3rd quarter. Alps Advisors Inc. now owns 4,629 shares of the semiconductor company’s stock valued at $857,000 after acquiring an additional 582 shares during the period. Finally, Westpac Banking Corp acquired a new stake in shares of IPG Photonics in the 3rd quarter valued at approximately $6,274,000. 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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