Igor Samartsev Sells 8,000 Shares of IPG Photonics Corporation (IPGP) Stock

IPG Photonics Corporation (NASDAQ:IPGP) insider Igor Samartsev sold 8,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $221.59, for a total value of $1,772,720.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of IPG Photonics Corporation (IPGP) traded up $10.90 during trading hours on Wednesday, reaching $233.24. The company’s stock had a trading volume of 829,252 shares, compared to its average volume of 650,147. The company has a current ratio of 9.02, a quick ratio of 7.46 and a debt-to-equity ratio of 0.02. IPG Photonics Corporation has a fifty-two week low of $95.04 and a fifty-two week high of $248.23. The company has a market cap of $12,550.00, a PE ratio of 34.30, a PEG ratio of 2.34 and a beta of 1.71.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.32. IPG Photonics had a return on equity of 21.17% and a net margin of 27.85%. The business had revenue of $392.62 million for the quarter, compared to analysts’ expectations of $367.27 million. During the same period last year, the business earned $1.29 EPS. The business’s revenue was up 47.6% on a year-over-year basis. equities research analysts forecast that IPG Photonics Corporation will post 7.13 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new stake in shares of IPG Photonics during the 2nd quarter valued at $352,000. Prudential PLC increased its position in shares of IPG Photonics by 12.3% during the 2nd quarter. Prudential PLC now owns 43,000 shares of the semiconductor company’s stock valued at $6,239,000 after purchasing an additional 4,700 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of IPG Photonics during the 3rd quarter valued at $8,013,000. Alps Advisors Inc. increased its position in shares of IPG Photonics by 14.4% during the 3rd quarter. Alps Advisors Inc. now owns 4,629 shares of the semiconductor company’s stock valued at $857,000 after purchasing an additional 582 shares during the last quarter. Finally, Westpac Banking Corp purchased a new stake in shares of IPG Photonics during the 3rd quarter valued at $6,274,000. Institutional investors and hedge funds own 56.38% of the company’s stock.

IPGP has been the topic of a number of recent research reports. DA Davidson reiterated a “buy” rating and issued a $220.00 target price on shares of IPG Photonics in a report on Tuesday, October 10th. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of IPG Photonics in a report on Wednesday, November 1st. Zacks Investment Research upgraded IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $240.00 target price on the stock in a report on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price (up from $182.00) on shares of IPG Photonics in a report on Friday, October 20th. Finally, ValuEngine cut IPG Photonics from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $180.33.

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About IPG Photonics

IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.

Insider Buying and Selling by Quarter for IPG Photonics (NASDAQ:IPGP)

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