IPG Photonics Corporation (NASDAQ:IPGP) SVP Eugene A. Shcherbakov sold 9,500 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $256.56, for a total transaction of $2,437,320.00. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of IPG Photonics Corporation (NASDAQ:IPGP) traded down $1.67 during midday trading on Wednesday, hitting $254.53. 494,470 shares of the stock traded hands, compared to its average volume of 704,299. The company has a market cap of $13,700.00, a price-to-earnings ratio of 37.43, a PEG ratio of 2.65 and a beta of 1.71. The company has a quick ratio of 7.46, a current ratio of 9.02 and a debt-to-equity ratio of 0.02. IPG Photonics Corporation has a one year low of $97.03 and a one year high of $260.33.

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

A number of brokerages have commented on IPGP. Zacks Investment Research lowered shares of IPG Photonics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. DA Davidson raised their target price on shares of IPG Photonics to $235.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Needham & Company LLC raised their target price on shares of IPG Photonics from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. ValuEngine lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of IPG Photonics in a research note on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. IPG Photonics currently has an average rating of “Buy” and a consensus price target of $180.33.

Large investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new stake in shares of IPG Photonics in the 2nd quarter valued at approximately $352,000. Prudential PLC raised its position in shares of IPG Photonics by 12.3% in the 2nd quarter. Prudential PLC now owns 43,000 shares of the semiconductor company’s stock valued at $6,239,000 after acquiring an additional 4,700 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of IPG Photonics in the 3rd quarter valued at approximately $8,013,000. Alps Advisors Inc. raised its position in shares of IPG Photonics by 14.4% in the 3rd quarter. Alps Advisors Inc. now owns 4,629 shares of the semiconductor company’s stock valued at $857,000 after acquiring an additional 582 shares during the period. Finally, Westpac Banking Corp acquired a new stake in shares of IPG Photonics in the 3rd quarter valued at approximately $6,274,000. Institutional investors and hedge funds own 56.38% of the company’s stock.

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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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