IPG Photonics (NASDAQ:IPGP) Director Eric Meurice Sells 750 Shares of Stock

IPG Photonics Corporation (NASDAQ:IPGP) Director Eric Meurice sold 750 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $95.00, for a total transaction of $71,250.00. Following the sale, the director directly owned 22,803 shares of the company’s stock, valued at $2,166,285. The trade was a 3.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Eric Meurice also recently made the following trade(s):

• On Thursday, November 6th, Eric Meurice sold 750 shares of IPG Photonics stock. The stock was sold at an average price of $92.00, for a total value of $69,000.00.

IPG Photonics Trading Up 4.6%

Shares of IPGP opened at $98.92 on Wednesday. The firm has a market cap of $4.17 billion, a PE ratio of 162.16, a P/E/G ratio of 11.95 and a beta of 1.03. IPG Photonics Corporation has a 12 month low of $48.59 and a 12 month high of $102.06. The stock has a fifty day moving average price of $80.38 and a 200-day moving average price of $80.93.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Tuesday, November 4th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.19. IPG Photonics had a return on equity of 2.35% and a net margin of 2.66%.The firm had revenue of $250.79 million for the quarter, compared to the consensus estimate of $240.18 million. As a group, research analysts forecast that IPG Photonics Corporation will post 1.54 EPS for the current year.

Institutional Investors Weigh In On IPG Photonics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its holdings in IPG Photonics by 51.1% in the third quarter. Versant Capital Management Inc now owns 343 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 116 shares during the period. True Wealth Design LLC grew its stake in IPG Photonics by 1,621.7% in the 2nd quarter. True Wealth Design LLC now owns 396 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 373 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in IPG Photonics by 207.1% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 430 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 290 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in IPG Photonics by 348.2% during 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 period. Finally, Signaturefd LLC lifted its holdings in IPG Photonics by 76.9% during the second quarter. Signaturefd LLC now owns 764 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 332 shares in the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of IPG Photonics in a research note on Monday, December 29th. Citigroup upgraded shares of IPG Photonics from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $68.00 to $105.00 in a research note on Wednesday, November 5th. Zacks Research raised shares of IPG Photonics from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 15th. Benchmark restated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, December 10th. Finally, Stifel Nicolaus set a $92.00 price target on IPG Photonics in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $91.67.

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.