IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Fibre Devices Ltd Ip sold 13,381 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $81.52, for a total value of $1,090,819.12. Following the sale, the insider directly owned 6,593,169 shares in the company, valued at $537,475,136.88. This trade represents a 0.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Fibre Devices Ltd Ip also recently made the following trade(s):
- On Tuesday, January 20th, Fibre Devices Ltd Ip sold 21,619 shares of IPG Photonics stock. The shares were sold at an average price of $79.90, for a total value of $1,727,358.10.
- On Friday, January 16th, Fibre Devices Ltd Ip sold 29,167 shares of IPG Photonics stock. The shares were sold at an average price of $79.87, for a total transaction of $2,329,568.29.
- On Wednesday, December 24th, Fibre Devices Ltd Ip sold 12,785 shares of IPG Photonics stock. The stock was sold at an average price of $74.76, for a total transaction of $955,806.60.
- On Tuesday, December 23rd, Fibre Devices Ltd Ip sold 28,445 shares of IPG Photonics stock. The shares were sold at an average price of $74.62, for a total transaction of $2,122,565.90.
- On Monday, December 22nd, Fibre Devices Ltd Ip sold 22,937 shares of IPG Photonics stock. The stock was sold at an average price of $75.43, for a total transaction of $1,730,137.91.
- On Monday, November 24th, Fibre Devices Ltd Ip sold 35,000 shares of IPG Photonics stock. The stock was sold at an average price of $76.36, for a total value of $2,672,600.00.
- On Friday, November 21st, Fibre Devices Ltd Ip sold 29,167 shares of IPG Photonics stock. The shares were sold at an average price of $74.26, for a total value of $2,165,941.42.
IPG Photonics Stock Up 8.5%
Shares of NASDAQ IPGP opened at $85.45 on Thursday. The firm has a market capitalization of $3.60 billion, a P/E ratio of 140.08, a P/E/G ratio of 9.96 and a beta of 1.01. The stock’s 50-day simple moving average is $77.75 and its two-hundred day simple moving average is $79.77. IPG Photonics Corporation has a twelve month low of $48.59 and a twelve month high of $92.21.
Analyst Ratings Changes
IPGP has been the topic of several research reports. Zacks Research upgraded shares of IPG Photonics from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 15th. Citigroup raised IPG Photonics from a “sell” rating to a “buy” rating and lifted their price target for the stock from $68.00 to $105.00 in a research note on Wednesday, November 5th. Benchmark reiterated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, December 10th. Stifel Nicolaus set a $92.00 target price on IPG Photonics in a research note on Tuesday, November 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of IPG Photonics in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.33.
Read Our Latest Research Report on IPG Photonics
Institutional Trading of IPG Photonics
A number of institutional investors have recently made changes to their positions in IPGP. True Wealth Design LLC raised its holdings in IPG Photonics by 1,621.7% during the 2nd quarter. True Wealth Design LLC now owns 396 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 373 shares during the last quarter. Versant Capital Management Inc grew its holdings in IPG Photonics by 51.1% in the 3rd quarter. Versant Capital Management Inc now owns 343 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 116 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of IPG Photonics by 207.1% in the second quarter. Nomura Asset Management Co. Ltd. now owns 430 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 290 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of IPG Photonics by 348.2% in the second quarter. EverSource Wealth Advisors LLC now owns 744 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 578 shares during the period. Finally, Signaturefd LLC raised its stake in shares of 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 acquiring an additional 332 shares during the last quarter. Hedge funds and other institutional investors 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.
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