IPG Photonics (NASDAQ:IPGP) Stock: Insider Valentin Gapontsev Trust I Sells 6,020 Shares

IPG Photonics Corporation (NASDAQ:IPGP) major shareholder Valentin Gapontsev Trust I sold 6,020 shares of IPG Photonics stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $75.18, for a total transaction of $452,583.60. Following the completion of the sale, the insider directly owned 6,636,866 shares of the company’s stock, valued at approximately $498,959,585.88. The trade was a 0.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Valentin Gapontsev Trust I also recently made the following trade(s):

• On Tuesday, November 3rd, Valentin Gapontsev Trust I sold 14,632 shares of IPG Photonics stock. The shares were sold at an average price of $75.18, for a total value of $1,100,033.76.
• On Wednesday, September 2nd, Valentin Gapontsev Trust I sold 9,306 shares of IPG Photonics stock. The stock was sold at an average price of $75.95, for a total value of $706,790.70.
• On Tuesday, September 1st, Valentin Gapontsev Trust I sold 18,091 shares of IPG Photonics stock. The stock was sold at an average price of $75.14, for a total value of $1,359,357.74.

IPG Photonics Stock Performance

Shares of IPGP traded down $4.31 during trading hours on Wednesday, hitting $70.11. 468,069 shares of the company were exchanged, compared to its average volume of 497,905. The company has a market cap of $2.98 billion, a PE ratio of 107.86, a PEG ratio of 1.75 and a beta of 1.00. The firm’s 50 day moving average is $76.45 and its 200-day moving average is $100.76. IPG Photonics Corporation has a 52 week low of $67.70 and a 52 week high of $155.82.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, November 3rd. The semiconductor company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.12. IPG Photonics had a return on equity of 3.39% and a net margin of 2.58%. The business had revenue of $287.50 million for the quarter, compared to the consensus estimate of $283.31 million. During the same period last year, the business earned $0.35 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year. As a group, equities analysts forecast that IPG Photonics Corporation will post 1.86 earnings per share for the current fiscal year.

More IPG Photonics News

Here are the key news stories impacting IPG Photonics this week:

• Positive Sentiment: Q3 revenue rose about 15% year over year to $287.5 million, ahead of estimates, while adjusted earnings of $0.61 per share beat the $0.49 consensus and increased from $0.35 a year earlier. Semiconductor laser revenue more than doubled, pointing to strength in that product area. IPG Photonics: 3 Key Takeaways for Long-Term Investors Q3 Earnings and Revenues Top Estimates
• Neutral Sentiment: Needham lowered its price target from $120 to $105 but maintained a Buy rating. The revised target still implies substantial upside from the cited share price, although the cut tempers the bullish signal. Needham price-target update

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Needham & Company LLC dropped their price target on shares of IPG Photonics from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of IPG Photonics in a report on Monday, September 21st. Finally, Citigroup dropped their target price on shares of IPG Photonics from $150.00 to $137.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $139.60.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. MCF Advisors LLC acquired a new stake in shares of IPG Photonics in the second quarter worth $38,000. Versant Capital Management Inc raised its stake in IPG Photonics by 42.2% during 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 last quarter. Rockefeller Capital Management L.P. raised its stake in 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 during the last quarter. Farther Finance Advisors LLC boosted its holdings in IPG Photonics by 83.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 524 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 239 shares during the period. Finally, IFP Advisors Inc boosted its holdings in IPG Photonics by 206.1% in the 3rd quarter. IFP Advisors Inc now owns 704 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 474 shares during the period. 93.79% of the stock is owned by institutional investors.

About IPG Photonics

IPG Photonics Corporation (NASDAQ:IPGP) develops and manufactures high-performance fiber lasers, laser systems, optical amplifiers and related components. Its product portfolio includes single-mode and multi-mode fiber lasers, pulsed lasers, diode lasers, beam-delivery systems and other specialized photonics products.

The company’s technologies are used primarily for industrial materials processing applications, including cutting, welding, marking, drilling, cladding and additive manufacturing.