IPG Photonics (NASDAQ:IPGP) Stock: Insider Fibre Devices Ltd Ip Sells 15,361 Shares

IPG Photonics Corporation (NASDAQ:IPGP) major shareholder Fibre Devices Ltd Ip sold 15,361 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $85.64, for a total value of $1,315,516.04. Following the sale, the insider directly owned 6,390,628 shares in the company, valued at $547,293,381.92. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Fibre Devices Ltd Ip also recently made the following trade(s):

• On Wednesday, August 5th, Fibre Devices Ltd Ip sold 18,111 shares of IPG Photonics stock. The shares were sold at an average price of $96.12, for a total value of $1,740,829.32.
• On Tuesday, August 4th, Fibre Devices Ltd Ip sold 12,202 shares of IPG Photonics stock. The stock was sold at an average price of $95.18, for a total value 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 value of $2,316,870.00.

IPG Photonics Trading Up 0.1%

NASDAQ:IPGP traded up $0.09 during midday trading on Tuesday, hitting $83.69. 294,496 shares of the company traded hands, compared to its average volume of 512,686. The firm’s fifty day moving average is $80.16 and its 200-day moving average is $101.18. IPG Photonics Corporation has a 12-month low of $69.41 and a 12-month high of $155.82. The firm has a market capitalization of $3.56 billion, a P/E ratio of 128.76, a P/E/G ratio of 2.02 and a beta of 0.97.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.37 by $0.21. IPG Photonics had a net margin of 2.58% and a return on equity of 3.39%. The company had revenue of $278.58 million during the quarter, compared to analyst estimates of $279.98 million. During the same period in the previous year, the firm earned $0.16 earnings per share. IPG Photonics’s quarterly 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. On average, research analysts expect that IPG Photonics Corporation will post 1.86 EPS for the current fiscal year.

Institutional Investors Weigh In On IPG Photonics

A number of hedge funds have recently made changes to their positions in IPGP. Byrne Asset Management LLC grew its stake in IPG Photonics by 13.8% in the third quarter. Byrne Asset Management LLC now owns 1,348 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 163 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of IPG Photonics by 42.2% during the third quarter. Versant Capital Management Inc now owns 495 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 147 shares during the last quarter. State Street Corp lifted its position in shares of IPG Photonics by 11.0% during the second quarter. State Street Corp now owns 909,287 shares of the semiconductor company’s stock valued at $106,678,000 after buying an additional 90,028 shares during the last quarter. MCF Advisors LLC bought a new stake in shares of IPG Photonics in the 2nd quarter valued at about $38,000. Finally, Engineers Gate Manager LP bought a new stake in shares of IPG Photonics in the 2nd quarter valued at about $375,000. 93.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup cut their target price on IPG Photonics from $150.00 to $137.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Needham & Company LLC boosted their target price on shares of IPG Photonics from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of IPG Photonics in a research note on Monday, September 21st. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $142.60.

IPG Photonics Company Profile

IPG Photonics Corporation (NASDAQ: IPGP) develops and manufactures high-performance fiber lasers and related optical systems. Its products include fiber, diode, solid-state, ultrafast and pulsed lasers, as well as optical amplifiers, beam-delivery systems and other components used in industrial and specialized applications.

The company’s laser technologies are used for materials processing, including cutting, welding, marking, engraving, drilling, cladding and additive manufacturing. IPG Photonics also supplies systems and solutions for applications in communications, medical technology, scientific research, entertainment and other markets that require precision light sources.

Founded in 1990 by physicist Valentin Gapontsev, IPG Photonics is headquartered in Oxford, Massachusetts.