Trevor Ness Sells 10,000 Shares of IPG Photonics Corporation (IPGP) Stock
IPG Photonics Corporation (NASDAQ:IPGP) SVP Trevor Ness sold 10,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $208.17, for a total value of $2,081,700.00. Following the completion of the transaction, the senior vice president now owns 22,906 shares in the company, valued at approximately $4,768,342.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of IPG Photonics Corporation (IPGP) traded down $2.07 on Friday, reaching $205.26. The company’s stock had a trading volume of 490,667 shares, compared to its average volume of 356,155. IPG Photonics Corporation has a 12 month low of $95.04 and a 12 month high of $248.23. The stock has a market cap of $10,865.26, a price-to-earnings ratio of 29.84, a PEG ratio of 1.47 and a beta of 1.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.02 and a quick ratio of 7.46.
IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.32. IPG Photonics had a return on equity of 21.17% and a net margin of 27.85%. The company had revenue of $392.62 million for the quarter, compared to analyst estimates of $367.27 million. During the same quarter in the previous year, the company earned $1.29 EPS. The firm’s revenue for the quarter was up 47.6% compared to the same quarter last year. equities analysts predict that IPG Photonics Corporation will post 7.01 EPS for the current fiscal year.
Several equities analysts recently issued reports on IPGP shares. Stifel Nicolaus restated a “hold” rating and issued a $170.00 price target (up previously from $165.00) on shares of IPG Photonics in a research report on Friday, September 1st. ValuEngine upgraded IPG Photonics from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. DA Davidson restated a “buy” rating and issued a $220.00 price target on shares of IPG Photonics in a research report on Tuesday, October 10th. Zacks Investment Research cut IPG Photonics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $210.00 price target (up previously from $182.00) on shares of IPG Photonics in a research report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $180.33.
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About IPG Photonics
IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.
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