IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Valentin Gapontsev Trust I sold 18,599 shares of IPG Photonics stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $77.67, for a total transaction of $1,444,584.33. Following the completion of the sale, the insider owned 6,974,000 shares of the company’s stock, valued at $541,670,580. This represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock 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 18th, Valentin Gapontsev Trust I sold 47,901 shares of IPG Photonics stock. The stock was sold at an average price of $76.13, for a total transaction of $3,646,703.13.
- On Tuesday, November 18th, Valentin Gapontsev Trust I sold 47,901 shares of IPG Photonics stock. The shares were sold at an average price of $76.13, for a total transaction of $3,646,703.13.
- On Monday, November 17th, Valentin Gapontsev Trust I sold 18,599 shares of IPG Photonics stock. The stock was sold at an average price of $77.67, for a total value of $1,444,584.33.
- On Wednesday, October 15th, Valentin Gapontsev Trust I sold 17,707 shares of IPG Photonics stock. The stock was sold at an average price of $85.09, for a total value of $1,506,688.63.
- On Tuesday, October 14th, Valentin Gapontsev Trust I sold 16,529 shares of IPG Photonics stock. The stock was sold at an average price of $82.97, for a total value of $1,371,411.13.
- On Monday, October 13th, Valentin Gapontsev Trust I sold 32,264 shares of IPG Photonics stock. The shares were sold at an average price of $83.19, for a total value of $2,684,042.16.
- On Tuesday, September 16th, Valentin Gapontsev Trust I sold 14,180 shares of IPG Photonics stock. The shares were sold at an average price of $80.67, for a total transaction of $1,143,900.60.
- On Monday, September 15th, Valentin Gapontsev Trust I sold 52,320 shares of IPG Photonics stock. The stock was sold at an average price of $80.71, for a total transaction of $4,222,747.20.
IPG Photonics Trading Up 0.1%
NASDAQ IPGP traded up $0.05 during trading hours on Wednesday, hitting $75.84. 221,289 shares of the company’s stock traded hands, compared to its average volume of 282,550. IPG Photonics Corporation has a 52 week low of $48.59 and a 52 week high of $92.21. The firm has a market capitalization of $3.19 billion, a P/E ratio of -15.48, a P/E/G ratio of 23.95 and a beta of 1.04. The business’s fifty day moving average price is $83.63 and its two-hundred day moving average price is $76.27.
Institutional Investors Weigh In On IPG Photonics
A number of institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its holdings in shares of IPG Photonics by 51.1% in the 3rd quarter. Versant Capital Management Inc now owns 343 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 116 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in IPG Photonics by 8.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,813 shares of the semiconductor company’s stock valued at $124,000 after acquiring an additional 148 shares in the last quarter. Inspire Investing LLC grew its holdings in IPG Photonics by 2.8% in the first quarter. Inspire Investing LLC now owns 6,383 shares of the semiconductor company’s stock worth $403,000 after purchasing an additional 176 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in IPG Photonics by 3.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,352 shares of the semiconductor company’s stock worth $436,000 after purchasing an additional 194 shares during the last quarter. Finally, Ballast Asset Management LP increased its position in shares of IPG Photonics by 0.6% during the third quarter. Ballast Asset Management LP now owns 34,941 shares of the semiconductor company’s stock worth $2,767,000 after purchasing an additional 197 shares in the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. Wall Street Zen upgraded IPG Photonics from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Roth Capital set a $96.00 price objective on IPG Photonics and gave the company a “buy” rating in a research report on Monday, October 6th. Stifel Nicolaus set a $92.00 target price on shares of IPG Photonics in a report on Tuesday, November 4th. Sanford C. Bernstein raised shares of IPG Photonics from a “market perform” rating to an “outperform” rating and set a $97.00 price target on the stock in a report on Thursday, August 7th. Finally, Citigroup upgraded shares of IPG Photonics from a “sell” rating to a “buy” rating and upped their price target for the stock from $68.00 to $105.00 in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.33.
Get Our Latest Research Report on IPG Photonics
IPG Photonics Company Profile
IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.
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