IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Valentin Gapontsev Trust I sold 9,306 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $75.95, for a total value of $706,790.70. Following the completion of the transaction, the insider directly owned 6,642,886 shares in the company, valued at approximately $504,527,191.70. The trade was a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Valentin Gapontsev Trust I also recently made the following trade(s):
- On Tuesday, September 1st, Valentin Gapontsev Trust I sold 18,091 shares of IPG Photonics stock. The shares were sold at an average price of $75.14, for a total value of $1,359,357.74.
- On Tuesday, July 21st, Valentin Gapontsev Trust I sold 56,316 shares of IPG Photonics stock. The shares were sold at an average price of $102.31, for a total value of $5,761,689.96.
IPG Photonics Stock Down 0.0%
Shares of NASDAQ:IPGP traded down $0.02 during trading on Thursday, hitting $76.46. The stock had a trading volume of 359,942 shares, compared to its average volume of 525,165. IPG Photonics Corporation has a 12-month low of $69.41 and a 12-month high of $155.82. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 117.63, a price-to-earnings-growth ratio of 1.99 and a beta of 0.98. The stock has a 50-day simple moving average of $91.94 and a two-hundred day simple moving average of $109.35.
Institutional Trading of IPG Photonics
Several institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in IPG Photonics by 184.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the semiconductor company’s stock worth $33,000 after buying an additional 295 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of IPG Photonics by 43.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 552 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 166 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of IPG Photonics by 428.9% in the fourth quarter. Global Retirement Partners LLC now owns 677 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 549 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of IPG Photonics by 332.9% in the fourth quarter. Hantz Financial Services Inc. now owns 684 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 526 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of IPG Photonics by 348.2% in the second quarter. EverSource Wealth Advisors LLC now owns 744 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 578 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.
Analyst Ratings Changes
IPGP has been the topic of several recent research reports. Wall Street Zen lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of IPG Photonics in a report on Wednesday, June 24th. Citigroup dropped their target price on IPG Photonics from $150.00 to $137.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Stifel Nicolaus reduced their price target on IPG Photonics from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, Needham & Company LLC upped their price objective on IPG Photonics from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.60.
Get Our Latest Research Report on IPGP
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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