Valentin Gapontsev Trust I Sells 2,000 Shares of IPG Photonics Co. (IPGP) Stock

IPG Photonics Co. (NASDAQ:IPGP) major shareholder Valentin Gapontsev Trust I sold 2,000 shares of the business’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $245.63, for a total value of $491,260.00. Following the sale, the insider now directly owns 7,565,999 shares of the company’s stock, valued at $1,858,436,334.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Valentin Gapontsev Trust I also recently made the following trade(s):

  • On Monday, May 14th, Valentin Gapontsev Trust I sold 10,000 shares of IPG Photonics stock. The stock was sold at an average price of $253.88, for a total value of $2,538,800.00.
  • On Monday, May 7th, Valentin Gapontsev Trust I sold 20,000 shares of IPG Photonics stock. The shares were sold at an average price of $233.73, for a total value of $4,674,600.00.

Shares of IPGP stock opened at $248.17 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.54 and a quick ratio of 7.71. The stock has a market capitalization of $13.22 billion, a PE ratio of 34.18, a P/E/G ratio of 2.42 and a beta of 1.85. IPG Photonics Co. has a one year low of $136.60 and a one year high of $264.11.

IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, May 1st. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.13. IPG Photonics had a return on equity of 21.59% and a net margin of 25.56%. The business had revenue of $359.90 million during the quarter, compared to analysts’ expectations of $346.35 million. During the same period in the prior year, the business earned $1.38 EPS. IPG Photonics’s revenue for the quarter was up 25.9% compared to the same quarter last year. sell-side analysts expect that IPG Photonics Co. will post 8.48 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank increased its stake in IPG Photonics by 9.2% during the 1st quarter. Amalgamated Bank now owns 8,271 shares of the semiconductor company’s stock worth $1,930,000 after purchasing an additional 700 shares in the last quarter. Summit Trail Advisors LLC increased its stake in IPG Photonics by 13,274.9% during the 1st quarter. Summit Trail Advisors LLC now owns 103,923 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 103,146 shares in the last quarter. Navellier & Associates Inc increased its stake in IPG Photonics by 1.2% during the 1st quarter. Navellier & Associates Inc now owns 30,088 shares of the semiconductor company’s stock worth $7,022,000 after purchasing an additional 362 shares in the last quarter. WINTON GROUP Ltd bought a new stake in IPG Photonics during the 1st quarter worth approximately $1,209,000. Finally, Handelsbanken Fonder AB increased its stake in IPG Photonics by 9.8% during the 1st quarter. Handelsbanken Fonder AB now owns 257,176 shares of the semiconductor company’s stock worth $60,020,000 after purchasing an additional 22,865 shares in the last quarter. 57.16% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently commented on IPGP shares. Northcoast Research reaffirmed a “buy” rating and issued a $290.00 price target on shares of IPG Photonics in a research note on Wednesday, January 31st. Benchmark reaffirmed a “buy” rating and issued a $255.00 price target (up from $230.00) on shares of IPG Photonics in a research note on Tuesday, February 20th. Zacks Investment Research cut IPG Photonics from a “buy” rating to a “hold” rating in a research note on Tuesday, April 24th. Sanford C. Bernstein started coverage on IPG Photonics in a research note on Wednesday, April 18th. They issued an “outperform” rating and a $294.00 price target for the company. Finally, ValuEngine raised IPG Photonics from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. IPG Photonics has a consensus rating of “Buy” and a consensus price target of $239.10.

IPG Photonics Company Profile

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

Insider Buying and Selling by Quarter for IPG Photonics (NASDAQ:IPGP)

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