Eugene A. Shcherbakov Sells 9,500 Shares of IPG Photonics Corporation (IPGP) Stock

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.

Several analysts recently commented on IPGP shares. BidaskClub lowered IPG Photonics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. DA Davidson boosted their price target on IPG Photonics to $235.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Needham & Company LLC boosted their price objective on IPG Photonics from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of IPG Photonics in a research note on Wednesday, November 1st. Finally, Zacks Investment Research lowered IPG Photonics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. IPG Photonics presently has an average rating of “Buy” and an average target price of $180.33.

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.

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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.

Insider Buying and Selling by Quarter for IPG Photonics (NASDAQ:IPGP)

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