IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Valentin Gapontsev Trust I sold 18,091 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $75.14, for a total value of $1,359,357.74. Following the completion of the transaction, the insider owned 6,652,192 shares of the company’s stock, valued at approximately $499,845,706.88. This represents a 0.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more 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 Wednesday, September 2nd, Valentin Gapontsev Trust I sold 9,306 shares of IPG Photonics stock. The shares were sold at an average price of $75.95, for a total transaction of $706,790.70.
- On Tuesday, July 21st, Valentin Gapontsev Trust I sold 56,316 shares of IPG Photonics stock. The stock was sold at an average price of $102.31, for a total transaction of $5,761,689.96.
IPG Photonics Trading Down 0.0%
Shares of IPGP stock opened at $76.46 on Friday. The firm has a fifty day simple moving average of $91.26 and a 200-day simple moving average of $108.80. The company has a market capitalization of $3.25 billion, a PE ratio of 117.63, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98. IPG Photonics Corporation has a twelve month low of $69.41 and a twelve month high of $155.82.
Wall Street Analyst Weigh In
A number of brokerages recently commented on IPGP. Weiss Ratings reissued a “sell (d+)” rating on shares of IPG Photonics in a report on Wednesday, June 24th. Needham & Company LLC upped their target price on IPG Photonics from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Citigroup reduced their target price on IPG Photonics from $150.00 to $137.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Wall Street Zen lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Roth Capital reaffirmed a “buy” rating and set a $151.00 price target on shares of IPG Photonics in a research report on Tuesday, May 19th. 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $142.60.
Get Our Latest Research Report on IPG Photonics
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IPGP. Corient Private Wealth LP acquired a new stake in IPG Photonics in the second quarter worth $492,000. California State Teachers Retirement System grew its position in shares of IPG Photonics by 12,027.2% during the second quarter. California State Teachers Retirement System now owns 3,607,121 shares of the semiconductor company’s stock worth $423,187,000 after acquiring an additional 3,577,377 shares during the last quarter. Oakmont Investment Advisors Inc. acquired a new stake in shares of IPG Photonics in the 2nd quarter worth about $991,000. Nykredit A S acquired a new stake in shares of IPG Photonics in the 2nd quarter worth about $169,000. Finally, Kerrisdale Advisers LLC lifted its position in IPG Photonics by 76.8% in the 2nd quarter. Kerrisdale Advisers LLC now owns 41,450 shares of the semiconductor company’s stock valued at $4,863,000 after purchasing an additional 18,010 shares during the last quarter. Institutional investors and hedge funds own 93.79% 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.
Featured Stories
- Five stocks we like better than IPG Photonics
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
Receive News & Ratings for IPG Photonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics and related companies with MarketBeat.com's FREE daily email newsletter.
