IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Fibre Devices Ltd Ip sold 21,619 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $79.90, for a total value of $1,727,358.10. Following the sale, the insider directly owned 6,606,550 shares of the company’s stock, valued at approximately $527,863,345. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Fibre Devices Ltd Ip also recently made the following trade(s):
- On Wednesday, January 21st, Fibre Devices Ltd Ip sold 13,381 shares of IPG Photonics stock. The shares were sold at an average price of $81.52, for a total transaction of $1,090,819.12.
- On Friday, January 16th, Fibre Devices Ltd Ip sold 29,167 shares of IPG Photonics stock. The shares were sold at an average price of $79.87, for a total value of $2,329,568.29.
- On Wednesday, December 24th, Fibre Devices Ltd Ip sold 12,785 shares of IPG Photonics stock. The stock was sold at an average price of $74.76, for a total transaction of $955,806.60.
- On Tuesday, December 23rd, Fibre Devices Ltd Ip sold 28,445 shares of IPG Photonics stock. The stock was sold at an average price of $74.62, for a total transaction of $2,122,565.90.
- On Monday, December 22nd, Fibre Devices Ltd Ip sold 22,937 shares of IPG Photonics stock. The shares were sold at an average price of $75.43, for a total transaction of $1,730,137.91.
- On Monday, November 24th, Fibre Devices Ltd Ip sold 35,000 shares of IPG Photonics stock. The shares were sold at an average price of $76.36, for a total transaction of $2,672,600.00.
- On Friday, November 21st, Fibre Devices Ltd Ip sold 29,167 shares of IPG Photonics stock. The stock was sold at an average price of $74.26, for a total value of $2,165,941.42.
IPG Photonics Stock Up 8.5%
NASDAQ IPGP traded up $6.69 during mid-day trading on Wednesday, hitting $85.45. The stock had a trading volume of 402,989 shares, compared to its average volume of 335,476. The company has a 50 day simple moving average of $77.75 and a 200 day simple moving average of $79.73. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 140.08, a P/E/G ratio of 10.33 and a beta of 1.01. IPG Photonics Corporation has a 52-week low of $48.59 and a 52-week high of $92.21.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on IPGP shares. Benchmark reaffirmed a “hold” rating on shares of IPG Photonics in a report on Wednesday, December 10th. Citigroup upgraded IPG Photonics from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $68.00 to $105.00 in a research report on Wednesday, November 5th. Stifel Nicolaus set a $92.00 target price on IPG Photonics in a research note on Tuesday, November 4th. Roth Mkm set a $96.00 target price on IPG Photonics and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Zacks Research raised IPG Photonics from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, IPG Photonics currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.33.
Get Our Latest Analysis on IPGP
Institutional Investors Weigh In On IPG Photonics
Several hedge funds have recently modified their holdings of IPGP. S Squared Technology LLC lifted its holdings in shares of IPG Photonics by 7.3% during the 2nd quarter. S Squared Technology LLC now owns 73,866 shares of the semiconductor company’s stock valued at $5,071,000 after acquiring an additional 5,000 shares in the last quarter. QSM Asset Management Ltd raised its holdings in shares of IPG Photonics by 95.6% during the 3rd quarter. QSM Asset Management Ltd now owns 51,832 shares of the semiconductor company’s stock valued at $4,058,000 after buying an additional 25,332 shares during the period. Old West Investment Management LLC purchased a new stake in shares of IPG Photonics during the 2nd quarter valued at about $601,000. Brandes Investment Partners LP lifted its position in IPG Photonics by 87.8% during the 2nd quarter. Brandes Investment Partners LP now owns 133,592 shares of the semiconductor company’s stock worth $9,171,000 after acquiring an additional 62,445 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in IPG Photonics by 30.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,388 shares of the semiconductor company’s stock worth $1,207,000 after acquiring an additional 3,820 shares during the period. 93.79% of the stock is owned by institutional investors and hedge funds.
IPG Photonics Company Profile
IPG Photonics Corporation is a global leader in the design and manufacture of high-performance fiber lasers and amplifiers used in industrial, medical, scientific, and telecommunications applications. The company’s core products include ytterbium and erbium fiber lasers, diode lasers, and fiber amplifiers that deliver high power and efficiency for precision cutting, welding, marking, and engraving. IPG’s systems are engineered to optimize process speed, reliability, and energy consumption, making them a preferred choice for advanced manufacturing environments.
In addition to stand-alone laser sources, IPG offers turnkey laser systems and integrated solutions tailored to sectors such as automotive, electronics, aerospace, additive manufacturing, and life sciences.
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