Timothy Pv Mammen Sells 2,500 Shares of IPG Photonics Corporation (IPGP) Stock

IPG Photonics Corporation (NASDAQ:IPGP) CFO Timothy Pv Mammen sold 2,500 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $261.53, for a total value of $653,825.00. Following the sale, the chief financial officer now directly owns 33,600 shares of the company’s stock, valued at $8,787,408. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

IPG Photonics Corporation (NASDAQ IPGP) traded up $2.30 during midday trading on Friday, reaching $263.05. The company’s stock had a trading volume of 409,617 shares, compared to its average volume of 616,338. The firm has a market cap of $14,160.00, a P/E ratio of 38.68, a P/E/G ratio of 2.85 and a beta of 1.71. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.46 and a current ratio of 9.02. IPG Photonics Corporation has a 52 week low of $100.34 and a 52 week high of $264.11.

IPG Photonics (NASDAQ:IPGP) last released its earnings results 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. The company had revenue of $392.62 million during the quarter, compared to the consensus estimate of $367.27 million. IPG Photonics had a return on equity of 21.17% and a net margin of 27.85%. IPG Photonics’s revenue was up 47.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. sell-side analysts anticipate that IPG Photonics Corporation will post 7.13 EPS for the current fiscal year.

IPGP has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of IPG Photonics in a research report on Wednesday, November 1st. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective (up from $182.00) on shares of IPG Photonics in a research report on Friday, October 20th. DA Davidson reissued a “buy” rating and set a $220.00 price objective on shares of IPG Photonics in a research report on Tuesday, October 10th. Finally, ValuEngine downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $180.33.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC boosted its stake in shares of IPG Photonics by 5.2% in the 2nd quarter. Advisory Services Network LLC now owns 1,813 shares of the semiconductor company’s stock valued at $263,000 after buying an additional 90 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of IPG Photonics by 6.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,791 shares of the semiconductor company’s stock valued at $259,000 after buying an additional 111 shares during the period. Stifel Financial Corp boosted its stake in shares of IPG Photonics by 2.2% in the 2nd quarter. Stifel Financial Corp now owns 5,268 shares of the semiconductor company’s stock valued at $764,000 after buying an additional 114 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of IPG Photonics by 1.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 11,245 shares of the semiconductor company’s stock valued at $1,632,000 after buying an additional 202 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of IPG Photonics by 1.6% in the 2nd quarter. Voya Investment Management LLC now owns 13,853 shares of the semiconductor company’s stock valued at $2,010,000 after buying an additional 220 shares during the period. 56.38% of the stock is owned by institutional investors.

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IPG Photonics Company Profile

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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