IPG Photonics Corporation (IPGP) CFO Sells $653,825.00 in Stock
IPG Photonics Corporation (NASDAQ:IPGP) CFO Timothy Pv Mammen sold 2,500 shares of the business’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $261.53, for a total transaction of $653,825.00. Following the transaction, the chief financial officer now directly owns 33,600 shares in the company, valued at $8,787,408. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of IPG Photonics Corporation (IPGP) opened at $263.05 on Friday. The firm has a market cap of $14,103.69, a price-to-earnings ratio of 38.74, a price-to-earnings-growth ratio of 2.87 and a beta of 1.71. IPG Photonics Corporation has a twelve month low of $100.34 and a twelve month high of $264.11. The company has a current ratio of 9.02, a quick ratio of 7.46 and a debt-to-equity ratio of 0.02.
IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.32. The company had revenue of $392.62 million for the quarter, compared to analysts’ expectations of $367.27 million. IPG Photonics had a net margin of 27.85% and a return on equity of 21.17%. The firm’s revenue was up 47.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 earnings per share. sell-side analysts anticipate that IPG Photonics Corporation will post 7.13 EPS for the current fiscal year.
Large investors have recently modified their holdings of the business. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of IPG Photonics during the fourth quarter worth $128,000. Advantage Investment Management LLC grew its position in shares of IPG Photonics by 366.5% during the third quarter. Advantage Investment Management LLC now owns 933 shares of the semiconductor company’s stock worth $173,000 after acquiring an additional 733 shares during the last quarter. Elefante Mark B bought a new position in shares of IPG Photonics during the third quarter worth about $201,000. Fulton Bank N.A. bought a new position in shares of IPG Photonics during the third quarter worth about $202,000. Finally, Aurora Investment Counsel bought a new position in shares of IPG Photonics during the fourth quarter worth about $219,000. 56.38% of the stock is currently owned by institutional investors.
IPG Photonics 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.
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