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IPG Photonics Corp. (NASDAQ:IPGP) CEO Valentin P. Gapontsev unloaded 3,000 shares of IPG Photonics Corp. stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $70.06, for a total value of $210,180.00. Following the transaction, the chief executive officer now directly owns 486,931 shares of the company’s stock, valued at approximately $34,114,386. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Separately, analysts at Noble Financial reiterated a “buy” rating on shares of IPG Photonics Corp. in a research note on Tuesday, July 29th. They now have a $86.00 price target on the stock.

Shares of IPG Photonics Corp. (NASDAQ:IPGP) traded up 1.58% on Wednesday, hitting $71.83. The stock had a trading volume of 261,317 shares. IPG Photonics Corp. has a 1-year low of $53.28 and a 1-year high of $79.00. The stock’s 50-day moving average is $66.29 and its 200-day moving average is $67.59. The company has a market cap of $3.744 billion and a P/E ratio of 22.23.

IPG Photonics Corp. (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.07. The company had revenue of $192.20 million for the quarter, compared to the consensus estimate of $182.30 million. During the same quarter last year, the company posted $0.80 earnings per share. IPG Photonics Corp.’s revenue was up 14.3% compared to the same quarter last year. Analysts expect that IPG Photonics Corp. will post $3.56 EPS for the current fiscal year.

IPG Photonics Corporation (NASDAQ:IPGP) is the developer and manufacturer of a range of fiber lasers, fiber amplifiers and diode lasers that are used in numerous applications in diverse end markets.

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