Lazard Asset Management LLC Sells 394,823 Shares of IPG Photonics Corporation $IPGP

Lazard Asset Management LLC decreased its holdings in shares of IPG Photonics Corporation (NASDAQ:IPGP) by 22.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,374,460 shares of the semiconductor company’s stock after selling 394,823 shares during the period. Lazard Asset Management LLC’s holdings in IPG Photonics were worth $157,499,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in IPG Photonics by 20.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,024 shares of the semiconductor company’s stock valued at $2,541,000 after buying an additional 6,741 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of IPG Photonics by 0.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,469 shares of the semiconductor company’s stock valued at $5,523,000 after acquiring an additional 744 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of IPG Photonics by 79.4% during the first quarter. Jane Street Group LLC now owns 122,105 shares of the semiconductor company’s stock valued at $7,710,000 after acquiring an additional 54,026 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of IPG Photonics in the 2nd quarter worth about $205,000. Finally, Invesco Ltd. raised its position in shares of IPG Photonics by 0.3% in the 2nd quarter. Invesco Ltd. now owns 105,525 shares of the semiconductor company’s stock worth $7,244,000 after purchasing an additional 272 shares during the last quarter. 93.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on IPGP shares. Citigroup increased their price objective 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. Roth Capital reaffirmed a “buy” rating and issued a $151.00 target price on shares of IPG Photonics in a report on Tuesday, May 19th. Needham & Company LLC upped their target price on shares of IPG Photonics from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Wall Street Zen cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of IPG Photonics in a research report on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $137.17.

IPG Photonics Stock Performance

NASDAQ IPGP opened at $91.70 on Monday. IPG Photonics Corporation has a one year low of $71.35 and a one year high of $155.82. The stock has a 50-day moving average of $110.52 and a 200 day moving average of $111.23. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 132.90, a PEG ratio of 2.67 and a beta of 0.94.

IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). The company had revenue of $265.50 million for the quarter, compared to the consensus estimate of $256.99 million. IPG Photonics had a net margin of 2.78% and a return on equity of 2.84%. IPG Photonics’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 EPS. IPG Photonics has set its Q2 2026 guidance at 0.250-0.550 EPS. On average, equities analysts predict that IPG Photonics Corporation will post 1.66 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Timothy Pv Mammen sold 9,975 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $119.81, for a total value of $1,195,104.75. Following the sale, the chief financial officer owned 76,438 shares in the company, valued at approximately $9,158,036.78. This trade represents a 11.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeanmarie F. Desmond sold 1,690 shares of IPG Photonics stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $105.58, for a total transaction of $178,430.20. Following the completion of the sale, the director directly owned 10,486 shares of the company’s stock, valued at approximately $1,107,111.88. This trade represents a 13.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 80,400 shares of company stock valued at $8,515,516 over the last three months. Corporate insiders own 37.50% 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.