IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Fibre Devices Ltd Ip sold 18,111 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $96.12, for a total transaction of $1,740,829.32. Following the completion of the transaction, the insider directly owned 6,405,989 shares in the company, valued at $615,743,662.68. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Fibre Devices Ltd Ip also recently made the following trade(s):
- On Tuesday, August 4th, Fibre Devices Ltd Ip sold 12,202 shares of IPG Photonics stock. The shares were sold at an average price of $95.18, for a total transaction of $1,161,386.36.
- On Friday, July 31st, Fibre Devices Ltd Ip sold 27,000 shares of IPG Photonics stock. The shares were sold at an average price of $85.81, for a total transaction of $2,316,870.00.
- On Monday, June 29th, Fibre Devices Ltd Ip sold 65,700 shares of IPG Photonics stock. The stock was sold at an average price of $103.64, for a total value of $6,809,148.00.
IPG Photonics Stock Performance
Shares of IPGP stock opened at $90.23 on Friday. The stock’s 50-day moving average is $104.64 and its two-hundred day moving average is $111.67. IPG Photonics Corporation has a 1 year low of $71.38 and a 1 year high of $155.82. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 138.82, a PEG ratio of 2.44 and a beta of 0.96.
Institutional Investors Weigh In On IPG Photonics
Several hedge funds have recently modified their holdings of IPGP. Legal & General Group Plc lifted its stake in shares of IPG Photonics by 8.5% in the 4th quarter. Legal & General Group Plc now owns 199,766 shares of the semiconductor company’s stock worth $14,303,000 after acquiring an additional 15,670 shares during the period. Intech Investment Management LLC purchased a new position in IPG Photonics during the fourth quarter worth about $6,376,000. First Eagle Investment Management LLC lifted its position in IPG Photonics by 0.3% in the fourth quarter. First Eagle Investment Management LLC now owns 4,487,103 shares of the semiconductor company’s stock valued at $321,277,000 after purchasing an additional 12,344 shares during the period. Renaissance Technologies LLC lifted its position in IPG Photonics by 173.8% in the first quarter. Renaissance Technologies LLC now owns 85,700 shares of the semiconductor company’s stock valued at $9,820,000 after purchasing an additional 54,400 shares during the period. Finally, Sei Investments Co. lifted its position in IPG Photonics by 445.9% in the first quarter. Sei Investments Co. now owns 192,688 shares of the semiconductor company’s stock valued at $22,080,000 after purchasing an additional 157,392 shares during the period. 93.79% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Stifel Nicolaus decreased their price objective on 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 report on Monday, May 4th. Citigroup upped 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. Needham & Company LLC raised their price objective on shares of IPG Photonics from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of IPG Photonics in a research note on Wednesday, June 24th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.20.
View Our Latest Stock Analysis on IPGP
About IPG Photonics
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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