IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Fibre Devices Ltd Ip sold 21,619 shares of IPG Photonics stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $79.90, for a total transaction of $1,727,358.10. Following the transaction, the insider directly owned 6,606,550 shares of the company’s stock, valued at approximately $527,863,345. This represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Fibre Devices Ltd Ip also recently made the following trade(s):
- On Wednesday, January 21st, Fibre Devices Ltd Ip sold 13,381 shares of IPG Photonics stock. The stock was sold at an average price of $81.52, for a total transaction of $1,090,819.12.
- 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 value of $2,329,568.29.
- On Wednesday, December 24th, Fibre Devices Ltd Ip sold 12,785 shares of IPG Photonics stock. The shares were sold at an average price of $74.76, for a total value of $955,806.60.
- On Tuesday, December 23rd, Fibre Devices Ltd Ip sold 28,445 shares of IPG Photonics stock. The stock was sold at an average price of $74.62, for a total value of $2,122,565.90.
- On Monday, December 22nd, Fibre Devices Ltd Ip sold 22,937 shares of IPG Photonics stock. The shares were sold at an average price of $75.43, for a total value 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 stock was sold at an average price of $74.26, for a total value of $2,165,941.42.
IPG Photonics Trading Down 0.1%
NASDAQ IPGP opened at $86.44 on Friday. The stock has a market cap of $3.64 billion, a PE ratio of 141.70, a PEG ratio of 10.94 and a beta of 1.01. IPG Photonics Corporation has a 12 month low of $48.59 and a 12 month high of $92.21. The company’s 50-day moving average price is $77.98 and its 200-day moving average price is $79.92.
Institutional Investors Weigh In On IPG Photonics
Hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its position in IPG Photonics by 51.1% during the third quarter. Versant Capital Management Inc now owns 343 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 116 shares in the last quarter. Assetmark Inc. lifted its position in shares of IPG Photonics by 6.8% during the fourth quarter. Assetmark Inc. now owns 1,820 shares of the semiconductor company’s stock valued at $130,000 after buying an additional 116 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of IPG Photonics by 10.2% in the 3rd quarter. Allworth Financial LP now owns 1,449 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 134 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of IPG Photonics by 8.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,813 shares of the semiconductor company’s stock worth $124,000 after buying an additional 148 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of IPG Photonics by 3.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,352 shares of the semiconductor company’s stock worth $436,000 after acquiring an additional 194 shares in the last quarter. 93.79% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have commented on IPGP. Stifel Nicolaus set a $92.00 price objective on IPG Photonics in a report on Tuesday, November 4th. Zacks Research upgraded IPG Photonics from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 15th. Citigroup upgraded IPG Photonics from a “sell” rating to a “buy” rating and lifted their price objective for the company from $68.00 to $105.00 in a report on Wednesday, November 5th. Benchmark reaffirmed a “hold” rating on shares of IPG Photonics in a research note on Wednesday, December 10th. Finally, Roth Mkm set a $96.00 target price on shares of IPG Photonics and gave the company a “buy” rating in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.33.
Get Our Latest Analysis on IPGP
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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