Hsbc Holdings PLC lowered its position in shares of IPG Photonics Corporation (NASDAQ:IPGP – Free Report) by 42.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,424 shares of the semiconductor company’s stock after selling 8,373 shares during the period. Hsbc Holdings PLC’s holdings in IPG Photonics were worth $1,300,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new stake in shares of IPG Photonics in the fourth quarter worth about $3,435,000. Legal & General Group Plc raised its position in IPG Photonics by 8.5% during the 4th quarter. Legal & General Group Plc now owns 199,766 shares of the semiconductor company’s stock valued at $14,303,000 after purchasing an additional 15,670 shares during the last quarter. Intech Investment Management LLC bought a new position in IPG Photonics during the 4th quarter valued at approximately $6,376,000. First Eagle Investment Management LLC lifted its holdings in IPG Photonics by 0.3% in the 4th quarter. First Eagle Investment Management LLC now owns 4,487,103 shares of the semiconductor company’s stock worth $321,277,000 after buying an additional 12,344 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in IPG Photonics by 374.5% in the 4th quarter. SG Americas Securities LLC now owns 35,007 shares of the semiconductor company’s stock worth $2,507,000 after buying an additional 27,629 shares during the period. Hedge funds and other institutional investors own 93.79% of the company’s stock.
IPG Photonics Stock Down 2.2%
NASDAQ IPGP opened at $89.70 on Tuesday. The firm has a market capitalization of $3.81 billion, a PE ratio of 130.00, a P/E/G ratio of 2.67 and a beta of 0.94. The stock’s 50 day moving average is $110.18 and its 200 day moving average is $111.30. IPG Photonics Corporation has a twelve month low of $71.35 and a twelve month high of $155.82.
Insider Buying and Selling
In related news, CFO Timothy Pv Mammen sold 9,975 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $119.81, for a total transaction of $1,195,104.75. Following the sale, the chief financial officer owned 76,438 shares of the company’s stock, valued at $9,158,036.78. The trade was a 11.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eugene A. Scherbakov sold 1,524 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $101.55, for a total transaction of $154,762.20. Following the completion of the sale, the director owned 49,734 shares in the company, valued at approximately $5,050,487.70. This trade represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 80,400 shares of company stock worth $8,515,516 over the last 90 days. Corporate insiders own 37.50% of the company’s stock.
Analyst Upgrades and Downgrades
IPGP has been the subject of a number of recent analyst reports. Roth Capital restated a “buy” rating and set a $151.00 target price on shares of IPG Photonics in a report on Tuesday, May 19th. Needham & Company LLC lifted their price target on shares of IPG Photonics from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 17th. Stifel Nicolaus decreased their price objective on shares of IPG Photonics from $165.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Zacks Research cut shares of IPG Photonics from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Citigroup boosted their price target on shares of IPG Photonics from $105.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, IPG Photonics currently has an average rating of “Moderate Buy” and an average target price of $137.17.
View Our Latest Stock Analysis on IPGP
IPG Photonics 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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