Insider Selling: IPG Photonics (NASDAQ:IPGP) Major Shareholder Sells $1,315,516.04 in Stock

IPG Photonics Corporation (NASDAQ:IPGP) major shareholder Fibre Devices Ltd Ip sold 15,361 shares of IPG Photonics stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $85.64, for a total transaction of $1,315,516.04. Following the completion of the sale, the insider directly owned 6,390,628 shares in the company, valued at $547,293,381.92. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Fibre Devices Ltd Ip also recently made the following trade(s):

• On Wednesday, August 5th, Fibre Devices Ltd Ip sold 18,111 shares of IPG Photonics stock. The shares were sold at an average price of $96.12, for a total value of $1,740,829.32.
• On Tuesday, August 4th, Fibre Devices Ltd Ip sold 12,202 shares of IPG Photonics stock. The stock was sold at an average price of $95.18, for a total value of $1,161,386.36.
• On Friday, July 31st, Fibre Devices Ltd Ip sold 27,000 shares of IPG Photonics stock. The shares were sold at an average price of $85.81, for a total value of $2,316,870.00.

IPG Photonics Price Performance

Shares of NASDAQ IPGP opened at $77.74 on Friday. IPG Photonics Corporation has a one year low of $69.41 and a one year high of $155.82. The business’s fifty day moving average price is $80.02 and its 200-day moving average price is $100.39. The stock has a market capitalization of $3.31 billion, a PE ratio of 119.60, a P/E/G ratio of 1.94 and a beta of 0.97.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.21. IPG Photonics had a return on equity of 3.39% and a net margin of 2.58%.The company had revenue of $278.58 million during the quarter, compared to the consensus estimate of $279.98 million. During the same quarter in the prior year, the company earned $0.16 EPS. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. IPG Photonics has set its Q3 2026 guidance at 0.300-0.600 EPS. As a group, equities analysts expect that IPG Photonics Corporation will post 1.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on IPGP shares. Citigroup lowered their price target on shares of IPG Photonics from $150.00 to $137.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of IPG Photonics in a research note on Monday, September 21st. Finally, Needham & Company LLC boosted their target price on shares of IPG Photonics from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 17th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, IPG Photonics presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.60.

Hedge Funds Weigh In On IPG Photonics

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its stake in IPG Photonics by 184.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 295 shares in the last quarter. MCF Advisors LLC bought a new position in IPG Photonics in the 2nd quarter valued at $38,000. Versant Capital Management Inc boosted its holdings in IPG Photonics by 42.2% in the 3rd quarter. Versant Capital Management Inc now owns 495 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 147 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of IPG Photonics by 43.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 552 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 166 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of IPG Photonics by 83.9% in the third quarter. Farther Finance Advisors LLC now owns 524 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 239 shares during the period. Hedge funds and other institutional investors own 93.79% of the company’s stock.

About IPG Photonics

IPG Photonics Corporation (NASDAQ: IPGP) develops and manufactures high-performance fiber lasers and related optical systems. Its products include fiber, diode, solid-state, ultrafast and pulsed lasers, as well as optical amplifiers, beam-delivery systems and other components used in industrial and specialized applications.

The company’s laser technologies are used for materials processing, including cutting, welding, marking, engraving, drilling, cladding and additive manufacturing. IPG Photonics also supplies systems and solutions for applications in communications, medical technology, scientific research, entertainment and other markets that require precision light sources.

Founded in 1990 by physicist Valentin Gapontsev, IPG Photonics is headquartered in Oxford, Massachusetts.