Shares of IPG Photonics Corp. (NASDAQ:IPGP) saw unusually-strong trading volume on Wednesday . Approximately 448,292 shares changed hands during trading, an increase of 47% from the previous session’s volume of 305,438 shares.The stock last traded at $83.41 and had previously closed at $84.11.

A number of research analysts have recently commented on IPGP shares. Zacks Investment Research cut IPG Photonics Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, June 30th. FBR & Co reissued a “marketperform” rating and issued a $92.00 price objective on shares of IPG Photonics Corp. in a research note on Tuesday, May 10th. Canaccord Genuity reissued a “buy” rating and issued a $90.00 price objective on shares of IPG Photonics Corp. in a research note on Friday, July 22nd. Raymond James Financial Inc. initiated coverage on IPG Photonics Corp. in a research note on Thursday, April 14th. They issued a “market perform” rating on the stock. Finally, Benchmark Co. dropped their price objective on IPG Photonics Corp. from $98.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, April 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $96.50.

The firm has a 50 day moving average price of $82.23 and a 200-day moving average price of $85.96. The company has a market capitalization of $4.47 billion and a P/E ratio of 19.29.

In other IPG Photonics Corp. news, major shareholder Valentin Gapontsev Trust I sold 800 shares of the business’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $85.00, for a total transaction of $68,000.00. Following the sale, the insider now directly owns 7,653,699 shares in the company, valued at approximately $650,564,415. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Several hedge funds have added to or reduced their stakes in IPGP. Wells Fargo & Company MN increased its stake in IPG Photonics Corp. by 11.8% in the fourth quarter. Wells Fargo & Company MN now owns 180,033 shares of the company’s stock worth $16,051,000 after buying an additional 19,054 shares during the last quarter. Thornburg Investment Management Inc. increased its stake in IPG Photonics Corp. by 0.9% in the fourth quarter. Thornburg Investment Management Inc. now owns 179,311 shares of the company’s stock worth $15,987,000 after buying an additional 1,671 shares during the last quarter. State of Wisconsin Investment Board increased its stake in IPG Photonics Corp. by 6.7% in the fourth quarter. State of Wisconsin Investment Board now owns 165,816 shares of the company’s stock worth $14,784,000 after buying an additional 10,450 shares during the last quarter. American Capital Management Inc. increased its stake in IPG Photonics Corp. by 139.9% in the fourth quarter. American Capital Management Inc. now owns 143,915 shares of the company’s stock worth $12,831,000 after buying an additional 83,915 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in IPG Photonics Corp. by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 116,918 shares of the company’s stock worth $10,424,000 after buying an additional 3,056 shares during the last quarter.

IPG Photonics Corporation is a developer and manufacturer of a range of fiber lasers, fiber amplifiers and diode lasers that are used for various applications, primarily in materials processing. The Company offers a line of lasers and amplifiers, which are used in materials processing, advanced, communications and medical applications.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.