Westport Asset Management Inc. Takes $9.09 Million Position in IPG Photonics Corporation $IPGP

Westport Asset Management Inc. bought a new position in shares of IPG Photonics Corporation (NASDAQ:IPGP) in the 2nd quarter, HoldingsChannel reports. The fund bought 77,500 shares of the semiconductor company’s stock, valued at approximately $9,092,000. IPG Photonics comprises approximately 3.7% of Westport Asset Management Inc.’s investment portfolio, making the stock its 6th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in IPGP. Legal & General Group Plc lifted its position in IPG Photonics by 8.5% in the 4th quarter. Legal & General Group Plc now owns 199,766 shares of the semiconductor company’s stock valued at $14,303,000 after acquiring an additional 15,670 shares in the last quarter. Intech Investment Management LLC bought a new stake in IPG Photonics during the 4th quarter worth approximately $6,376,000. First Eagle Investment Management LLC increased its holdings in IPG Photonics by 0.3% during 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 purchasing an additional 12,344 shares in the last quarter. Renaissance Technologies LLC increased its holdings in IPG Photonics by 173.8% during the 1st quarter. Renaissance Technologies LLC now owns 85,700 shares of the semiconductor company’s stock worth $9,820,000 after purchasing an additional 54,400 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of IPG Photonics by 445.9% in the first quarter. Sei Investments Co. now owns 192,688 shares of the semiconductor company’s stock worth $22,080,000 after purchasing an additional 157,392 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Stock Performance

Shares of IPGP stock opened at $76.57 on Thursday. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 117.80, a P/E/G ratio of 2.20 and a beta of 0.96. IPG Photonics Corporation has a 52 week low of $71.38 and a 52 week high of $155.82. The firm’s 50-day simple moving average is $99.90 and its two-hundred day simple moving average is $111.69.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, August 4th. The semiconductor company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.21. IPG Photonics had a net margin of 2.58% and a return on equity of 3.39%. The firm had revenue of $278.58 million during the quarter, compared to the consensus estimate of $279.98 million. During the same period in the prior year, the firm earned $0.16 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. IPG Photonics has set its Q3 2026 guidance at 0.300-0.600 EPS. Analysts forecast that IPG Photonics Corporation will post 1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wall Street Zen lowered IPG Photonics from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Needham & Company LLC upped their price target on IPG Photonics from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Roth Capital reissued a “buy” rating and issued a $151.00 price target on shares of IPG Photonics in a research report on Tuesday, May 19th. Citigroup lowered their price target on IPG Photonics from $150.00 to $137.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Finally, Zacks Research cut IPG Photonics from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Five equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $142.60.

Insider Buying and Selling

In related news, CFO Timothy Pv Mammen sold 9,975 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $119.81, for a total value of $1,195,104.75. Following the transaction, the chief financial officer owned 76,438 shares in the company, valued at approximately $9,158,036.78. This represents a 11.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eugene A. Scherbakov sold 1,524 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $86.61, for a total value of $131,993.64. Following the transaction, the director directly owned 48,210 shares of the company’s stock, valued at approximately $4,175,468.10. This trade represents a 3.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 193,863 shares of company stock worth $19,449,856 in the last three months. Insiders own 37.50% of the company’s stock.

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.