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.

IPGP has been the topic of several recent analyst reports. BidaskClub raised shares of IPG Photonics from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. ValuEngine cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research cut shares of IPG Photonics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. DA Davidson upped their price target on shares of IPG Photonics to $235.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Needham & Company LLC upped their price target on shares of IPG Photonics from $210.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. IPG Photonics currently has a consensus rating of “Buy” and a consensus price target of $180.33.

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.

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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.

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

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