IPG Photonics (NASDAQ:IPGP) Director William S. Hurley sold 5,255 shares of the business’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $251.42, for a total value of $1,321,212.10. Following the sale, the director now directly owns 14,005 shares of the company’s stock, valued at approximately $3,521,137.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ IPGP opened at $246.74 on Friday. IPG Photonics has a twelve month low of $249.90 and a twelve month high of $252.71. The stock has a market capitalization of $13.56 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.48 and a beta of 1.85. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.54 and a quick ratio of 7.71.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings results on Tuesday, May 1st. The semiconductor company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.13. IPG Photonics had a return on equity of 21.59% and a net margin of 25.56%. The company had revenue of $359.90 million during the quarter, compared to analyst estimates of $346.35 million. During the same period in the prior year, the company earned $1.38 earnings per share. The firm’s revenue was up 25.9% on a year-over-year basis. equities research analysts predict that IPG Photonics will post 8.48 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Strs Ohio bought a new position in IPG Photonics during the fourth quarter valued at approximately $101,000. Wolverine Asset Management LLC bought a new position in IPG Photonics during the fourth quarter valued at approximately $102,000. MUFG Americas Holdings Corp boosted its stake in IPG Photonics by 122.5% during the fourth quarter. MUFG Americas Holdings Corp now owns 485 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 267 shares during the last quarter. Bollard Group LLC boosted its stake in IPG Photonics by 145.5% during the fourth quarter. Bollard Group LLC now owns 491 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 291 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in IPG Photonics during the fourth quarter valued at approximately $128,000. 56.06% of the stock is owned by institutional investors.

IPGP has been the subject of a number of recent analyst reports. Needham & Company LLC upped their price objective on IPG Photonics from $230.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Northcoast Research reaffirmed a “buy” rating and issued a $290.00 price objective on shares of IPG Photonics in a research note on Wednesday, January 31st. Canaccord Genuity upped their price objective on IPG Photonics from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Tuesday, February 20th. Benchmark reaffirmed a “buy” rating and issued a $255.00 price objective (up previously from $230.00) on shares of IPG Photonics in a research note on Tuesday, February 20th. Finally, DA Davidson upped their price objective on IPG Photonics from $1.86 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. IPG Photonics currently has an average rating of “Buy” and a consensus price target of $238.50.

About IPG Photonics

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

Insider Buying and Selling by Quarter for IPG Photonics (NASDAQ:IPGP)

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