IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Fibre Devices Ltd Ip sold 12,202 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $95.18, for a total transaction of $1,161,386.36. Following the sale, the insider directly owned 6,424,100 shares of the company’s stock, valued at $611,445,838. This represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 transaction of $1,740,829.32.
- On Friday, July 31st, Fibre Devices Ltd Ip sold 27,000 shares of IPG Photonics stock. The stock was sold at an average price of $85.81, for a total transaction of $2,316,870.00.
- On Monday, June 29th, Fibre Devices Ltd Ip sold 65,700 shares of IPG Photonics stock. The shares were sold at an average price of $103.64, for a total transaction of $6,809,148.00.
IPG Photonics Stock Performance
IPG Photonics stock traded down $5.05 during mid-day trading on Thursday, reaching $86.70. The stock had a trading volume of 592,761 shares, compared to its average volume of 516,001. The firm has a market capitalization of $3.68 billion, a PE ratio of 133.39, a price-to-earnings-growth ratio of 2.74 and a beta of 0.96. IPG Photonics Corporation has a fifty-two week low of $71.38 and a fifty-two week high of $155.82. The stock’s 50-day simple moving average is $105.73 and its 200-day simple moving average is $111.78.
Analysts Set New Price Targets
IPGP has been the subject of several research analyst reports. Roth Capital restated a “buy” rating and set a $151.00 price target on shares of IPG Photonics in a research note on Tuesday, May 19th. Zacks Research cut IPG Photonics from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of IPG Photonics in a report on Wednesday, June 24th. Needham & Company LLC upped their price objective 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. Finally, Citigroup boosted their price target on shares of IPG Photonics from $105.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $137.17.
View Our Latest Analysis on IPG Photonics
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc boosted its stake in shares of IPG Photonics by 8.5% during the fourth quarter. Legal & General Group Plc now owns 199,766 shares of the semiconductor company’s stock valued at $14,303,000 after purchasing an additional 15,670 shares during the period. Intech Investment Management LLC purchased a new position in shares of IPG Photonics in the fourth quarter worth $6,376,000. First Eagle Investment Management LLC raised its holdings in IPG Photonics by 0.3% during the 4th quarter. First Eagle Investment Management LLC now owns 4,487,103 shares of the semiconductor company’s stock valued at $321,277,000 after buying an additional 12,344 shares during the last quarter. Renaissance Technologies LLC raised its holdings in IPG Photonics by 173.8% during the 1st quarter. Renaissance Technologies LLC now owns 85,700 shares of the semiconductor company’s stock valued at $9,820,000 after buying an additional 54,400 shares during the last quarter. Finally, Sei Investments Co. boosted its position in IPG Photonics by 445.9% during the 1st quarter. Sei Investments Co. now owns 192,688 shares of the semiconductor company’s stock valued at $22,080,000 after buying an additional 157,392 shares during the period. Hedge funds and other institutional investors own 93.79% of the company’s stock.
About IPG Photonics
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.
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