IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Fibre Devices Ltd Ip sold 13,381 shares of IPG Photonics stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $81.52, for a total transaction of $1,090,819.12. Following the completion of the sale, the insider owned 6,593,169 shares in the company, valued at $537,475,136.88. The trade was a 0.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Fibre Devices Ltd Ip also recently made the following trade(s):
- On Tuesday, January 20th, Fibre Devices Ltd Ip sold 21,619 shares of IPG Photonics stock. The shares were sold at an average price of $79.90, for a total value of $1,727,358.10.
- On Friday, January 16th, Fibre Devices Ltd Ip sold 29,167 shares of IPG Photonics stock. The stock was sold at an average price of $79.87, for a total value of $2,329,568.29.
- On Wednesday, December 24th, Fibre Devices Ltd Ip sold 12,785 shares of IPG Photonics stock. The stock was sold at an average price of $74.76, for a total value of $955,806.60.
- On Tuesday, December 23rd, Fibre Devices Ltd Ip sold 28,445 shares of IPG Photonics stock. The shares were sold at an average price of $74.62, for a total value of $2,122,565.90.
- On Monday, December 22nd, Fibre Devices Ltd Ip sold 22,937 shares of IPG Photonics stock. The shares were sold at an average price of $75.43, for a total transaction of $1,730,137.91.
- On Monday, November 24th, Fibre Devices Ltd Ip sold 35,000 shares of IPG Photonics stock. The stock was sold at an average price of $76.36, for a total transaction of $2,672,600.00.
- On Friday, November 21st, Fibre Devices Ltd Ip sold 29,167 shares of IPG Photonics stock. The stock was sold at an average price of $74.26, for a total transaction of $2,165,941.42.
IPG Photonics Trading Up 8.5%
Shares of IPGP traded up $6.69 during midday trading on Wednesday, reaching $85.45. The stock had a trading volume of 402,989 shares, compared to its average volume of 335,476. The firm has a 50 day simple moving average of $77.75 and a 200-day simple moving average of $79.73. IPG Photonics Corporation has a one year low of $48.59 and a one year high of $92.21. The firm has a market cap of $3.60 billion, a PE ratio of 140.08, a P/E/G ratio of 10.33 and a beta of 1.01.
Analysts Set New Price Targets
A number of research firms recently weighed in on IPGP. Stifel Nicolaus set a $92.00 target price on IPG Photonics in a report on Tuesday, November 4th. Citigroup raised shares of IPG Photonics from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $68.00 to $105.00 in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of IPG Photonics in a report on Monday, December 29th. Roth Mkm set a $96.00 price objective on shares of IPG Photonics and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, Zacks Research raised shares of IPG Photonics from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, five have given 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.33.
Read Our Latest Stock Report on IPG Photonics
Institutional Trading of IPG Photonics
A number of institutional investors have recently bought and sold shares of IPGP. Lazard Asset Management LLC increased its holdings in shares of 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 purchasing an additional 851,869 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of IPG Photonics by 85.8% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,774,660 shares of the semiconductor company’s stock valued at $121,830,000 after buying an additional 819,575 shares during the period. M&G PLC grew its position in IPG Photonics by 263.9% during the second quarter. M&G PLC now owns 600,020 shares of the semiconductor company’s stock worth $41,401,000 after buying an additional 435,122 shares in the last quarter. AQR Capital Management LLC grew its position in IPG Photonics by 53.7% during the second quarter. AQR Capital Management LLC now owns 978,577 shares of the semiconductor company’s stock worth $67,101,000 after buying an additional 341,773 shares in the last quarter. Finally, Norges Bank bought a new position in IPG Photonics during the 2nd quarter worth $16,671,000. Institutional investors own 93.79% of the company’s stock.
IPG Photonics Company Profile
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.
Featured Articles
- Five stocks we like better than IPG Photonics
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- How a Family Trust May Be Able To Help Preserve Your Wealth
- Do not delete, read immediately
- A U.S. “birthright” claim worth trillions – activated quietly
- Executive Order 14330: Trump’s Biggest Yet
Receive News & Ratings for IPG Photonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics and related companies with MarketBeat.com's FREE daily email newsletter.
