Allianz Asset Management GmbH Increases Stock Position in IPG Photonics Corporation $IPGP

Allianz Asset Management GmbH raised its stake in shares of IPG Photonics Corporation (NASDAQ:IPGP) by 45.2% in the third quarter, Holdings Channel.com reports. The fund owned 200,138 shares of the semiconductor company’s stock after purchasing an additional 62,286 shares during the period. Allianz Asset Management GmbH’s holdings in IPG Photonics were worth $15,849,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in IPGP. Lazard Asset Management LLC boosted its position in shares of IPG Photonics by 81.3% during the 2nd quarter. Lazard Asset Management LLC now owns 1,899,461 shares of the semiconductor company’s stock worth $130,397,000 after purchasing an additional 851,869 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in IPG Photonics by 85.8% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,774,660 shares of the semiconductor company’s stock worth $121,830,000 after purchasing an additional 819,575 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of IPG Photonics by 53.7% during the second quarter. AQR Capital Management LLC now owns 978,577 shares of the semiconductor company’s stock worth $67,101,000 after buying an additional 341,773 shares during the period. M&G PLC grew its stake in shares of IPG Photonics by 263.9% in the second quarter. M&G PLC now owns 600,020 shares of the semiconductor company’s stock valued at $41,401,000 after buying an additional 435,122 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of IPG Photonics in the 2nd quarter valued at $16,671,000. 93.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Valentin Gapontsev Trust I sold 7,952 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $80.10, for a total transaction of $636,955.20. Following the completion of the transaction, the insider owned 6,793,099 shares in the company, valued at approximately $544,127,229.90. The trade was a 0.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eric Meurice sold 750 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $95.00, for a total value of $71,250.00. Following the completion of the transaction, the director directly owned 22,803 shares in the company, valued at $2,166,285. This trade represents a 3.18% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 470,913 shares of company stock valued at $36,233,025. 39.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on IPGP. Weiss Ratings reissued a “sell (d+)” rating on shares of IPG Photonics in a research note on Monday, December 29th. Citigroup upgraded shares of IPG Photonics from a “sell” rating to a “buy” rating and boosted their price target for the stock from $68.00 to $105.00 in a research note on Wednesday, November 5th. Roth Mkm raised their price objective on shares of IPG Photonics from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday. Benchmark restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, December 10th. Finally, Zacks Research upgraded shares of IPG Photonics from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, IPG Photonics has a consensus rating of “Moderate Buy” and an average target price of $91.67.

IPG Photonics Stock Performance

Shares of IPGP opened at $109.61 on Friday. IPG Photonics Corporation has a 1 year low of $48.59 and a 1 year high of $110.00. The stock has a market capitalization of $4.62 billion, a PE ratio of 179.69, a PEG ratio of 13.86 and a beta of 1.03. The stock has a 50-day simple moving average of $81.82 and a 200-day simple moving average of $81.48.

IPG Photonics 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.