Insider Selling: IPG Photonics (NASDAQ:IPGP) Director Sells $259,994.40 in Stock

IPG Photonics Corporation (NASDAQ:IPGP) Director Eugene Scherbakov sold 3,048 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $85.30, for a total transaction of $259,994.40. Following the sale, the director directly owned 45,162 shares of the company’s stock, valued at $3,852,318.60. This represents a 6.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

IPG Photonics Stock Down 3.9%

Shares of IPG Photonics stock opened at $77.74 on Friday. IPG Photonics Corporation has a 12-month low of $69.41 and a 12-month high of $155.82. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 119.60, a PEG ratio of 1.94 and a beta of 0.97. The firm’s 50-day moving average price is $80.02 and its two-hundred day moving average price is $100.39.

IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, August 4th. The semiconductor company reported $0.58 EPS for the quarter, beating 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 analysts’ expectations of $279.98 million. During the same period in the previous year, the company earned $0.16 EPS. The business’s revenue for the quarter 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, sell-side analysts expect that IPG Photonics Corporation will post 1.86 earnings per share for the current year.

Institutional Investors Weigh In On IPG Photonics

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in IPG Photonics in the 2nd quarter valued at approximately $334,429,000. State Street Corp grew its stake 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 worth $106,678,000 after buying an additional 90,028 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of IPG Photonics by 11.1% during the first quarter. Segall Bryant & Hamill LLC now owns 469,471 shares of the semiconductor company’s stock worth $53,797,000 after buying an additional 46,935 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of IPG Photonics during the second quarter worth $35,113,000. Finally, Emerald Advisers LLC increased its holdings in shares of IPG Photonics by 49.4% during the first quarter. Emerald Advisers LLC now owns 304,916 shares of the semiconductor company’s stock worth $34,940,000 after buying an additional 100,866 shares in the last quarter. 93.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Needham & Company LLC upped their target price on IPG Photonics from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Citigroup decreased their price target 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. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of IPG Photonics in a report on Monday, September 21st. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, IPG Photonics presently has a consensus rating of “Moderate Buy” and an average price target of $142.60.

About IPG Photonics

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.