8,757 Shares in IPG Photonics Corporation $IPGP Acquired by Old West Investment Management LLC

Old West Investment Management LLC purchased a new position in shares of IPG Photonics Corporation (NASDAQ:IPGP) during the second quarter, HoldingsChannel.com reports. The fund purchased 8,757 shares of the semiconductor company’s stock, valued at approximately $601,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. increased its position in IPG Photonics by 1,918.3% during the 1st quarter. Alliancebernstein L.P. now owns 1,429,241 shares of the semiconductor company’s stock worth $90,242,000 after purchasing an additional 1,358,428 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in IPG Photonics by 85.8% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,774,660 shares of the semiconductor company’s stock worth $121,830,000 after buying an additional 819,575 shares during the period. M&G PLC increased its position in shares of IPG Photonics by 263.9% in the second quarter. M&G PLC now owns 600,020 shares of the semiconductor company’s stock worth $41,401,000 after acquiring an additional 435,122 shares in the last quarter. AQR Capital Management LLC increased its position in shares of IPG Photonics by 188.6% in the first quarter. AQR Capital Management LLC now owns 636,804 shares of the semiconductor company’s stock worth $40,208,000 after acquiring an additional 416,186 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of IPG Photonics in the 1st quarter valued at $11,516,000. 93.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stifel Nicolaus set a $92.00 price target on shares of IPG Photonics in a research report on Tuesday, November 4th. Sanford C. Bernstein upgraded IPG Photonics from a “market perform” rating to an “outperform” rating and set a $97.00 price objective on the stock in a research note on Thursday, August 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of IPG Photonics in a research note on Wednesday, October 8th. Citigroup upgraded IPG Photonics from a “sell” rating to a “buy” rating and raised their target price for the company from $68.00 to $105.00 in a report on Wednesday, November 5th. Finally, Wall Street Zen upgraded IPG Photonics from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, IPG Photonics presently has an average rating of “Moderate Buy” and an average price target of $89.33.

Insiders Place Their Bets

In other IPG Photonics news, major shareholder Fibre Devices Ltd Ip sold 23,966 shares of the firm’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $87.92, for a total transaction of $2,107,090.72. Following the completion of the transaction, the insider directly owned 6,785,670 shares of the company’s stock, valued at $596,596,106.40. This trade represents a 0.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eugene A. Scherbakov sold 2,700 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $87.64, for a total transaction of $236,628.00. Following the completion of the sale, the director directly owned 67,430 shares of the company’s stock, valued at $5,909,565.20. The trade was a 3.85% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 274,020 shares of company stock valued at $22,846,832. 39.50% of the stock is owned by insiders.

IPG Photonics Price Performance

Shares of IPG Photonics stock opened at $81.67 on Friday. IPG Photonics Corporation has a 1-year low of $48.59 and a 1-year high of $92.21. The company has a market capitalization of $3.44 billion, a PE ratio of -16.67, a P/E/G ratio of 23.95 and a beta of 1.04. The business has a 50-day moving average of $83.97 and a 200-day moving average of $75.71.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, November 4th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.19. IPG Photonics had a positive return on equity of 2.25% and a negative net margin of 22.77%.The firm had revenue of $250.79 million during the quarter, compared to analyst estimates of $240.18 million. IPG Photonics has set its Q4 2025 guidance at 0.050-0.350 EPS. On average, equities analysts expect that IPG Photonics Corporation will post 1.54 earnings per share for the current fiscal year.

About IPG Photonics

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.