IPG Photonics Corporation (NASDAQ:IPGP) CFO Timothy Pv Mammen sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $162.87, for a total value of $1,628,700.00. Following the completion of the transaction, the chief financial officer now owns 41,100 shares of the company’s stock, valued at $6,693,957. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

IPG Photonics Corporation (NASDAQ:IPGP) traded up 1.04% on Wednesday, reaching $165.33. The company’s stock had a trading volume of 388,617 shares. IPG Photonics Corporation has a 52 week low of $80.52 and a 52 week high of $168.93. The stock has a market capitalization of $8.84 billion, a P/E ratio of 27.68 and a beta of 1.70. The firm has a 50 day moving average price of $150.87 and a 200 day moving average price of $130.57.

IPG Photonics Corporation (NASDAQ:IPGP) last announced its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.28. IPG Photonics Corporation had a net margin of 26.84% and a return on equity of 19.75%. The firm had revenue of $369.37 million during the quarter, compared to analysts’ expectations of $333.06 million. During the same period in the prior year, the company earned $1.25 EPS. The firm’s revenue was up 46.1% on a year-over-year basis. On average, equities analysts anticipate that IPG Photonics Corporation will post $6.62 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in IPGP. Rothschild Investment Corp IL acquired a new stake in shares of IPG Photonics Corporation during the first quarter worth $212,000. Huntington National Bank boosted its stake in shares of IPG Photonics Corporation by 3,188.5% in the first quarter. Huntington National Bank now owns 855 shares of the semiconductor company’s stock worth $103,000 after buying an additional 829 shares during the period. Columbus Circle Investors acquired a new stake in shares of IPG Photonics Corporation during the first quarter worth $5,227,000. Capital Impact Advisors LLC boosted its stake in shares of IPG Photonics Corporation by 16.6% in the first quarter. Capital Impact Advisors LLC now owns 23,415 shares of the semiconductor company’s stock worth $2,827,000 after buying an additional 3,329 shares during the period. Finally, Conestoga Capital Advisors LLC boosted its stake in shares of IPG Photonics Corporation by 92.9% in the first quarter. Conestoga Capital Advisors LLC now owns 12,875 shares of the semiconductor company’s stock worth $1,554,000 after buying an additional 6,200 shares during the period. 60.23% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the company. Benchmark Co. reiterated a “buy” rating and issued a $180.00 price objective on shares of IPG Photonics Corporation in a research report on Wednesday, August 2nd. Canaccord Genuity increased their price objective on IPG Photonics Corporation from $152.00 to $162.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $182.00 price objective (up from $160.00) on shares of IPG Photonics Corporation in a research report on Tuesday, August 1st. Stifel Nicolaus increased their price objective on IPG Photonics Corporation from $135.00 to $145.00 and gave the stock a “hold” rating in a research report on Friday, June 30th. Finally, Longbow Research upgraded IPG Photonics Corporation from a “neutral” rating to a “buy” rating and set a $175.00 price objective for the company in a research report on Tuesday, June 6th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. IPG Photonics Corporation has a consensus rating of “Buy” and an average price target of $141.00.

IPG Photonics Corporation Company Profile

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.

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

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