IPG Photonics Corporation (NASDAQ:IPGP) SVP Angelo P. Lopresti sold 11,750 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $163.33, for a total value of $1,919,127.50. Following the sale, the senior vice president now owns 49,515 shares in the company, valued at approximately $8,087,284.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of IPG Photonics Corporation (IPGP) traded up 0.51% on Friday, hitting $165.90. The stock had a trading volume of 226,795 shares. The firm has a 50 day moving average of $156.93 and a 200-day moving average of $134.95. IPG Photonics Corporation has a 1-year low of $80.52 and a 1-year high of $170.39. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 27.78 and a beta of 1.70.

IPG Photonics Corporation (NASDAQ:IPGP) last posted its earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.28. The company had revenue of $369.37 million for the quarter, compared to analysts’ expectations of $333.06 million. IPG Photonics Corporation had a return on equity of 19.75% and a net margin of 26.84%. IPG Photonics Corporation’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period last year, the firm earned $1.25 earnings per share. Equities analysts predict that IPG Photonics Corporation will post $6.62 earnings per share for the current year.

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A number of equities research analysts recently weighed in on the company. Benchmark Co. restated a “buy” rating and set a $180.00 price objective on shares of IPG Photonics Corporation in a research report on Wednesday, August 2nd. Canaccord Genuity upped their price target on IPG Photonics Corporation from $152.00 to $162.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $182.00 price target (up previously from $160.00) on shares of IPG Photonics Corporation in a research report on Tuesday, August 1st. Stifel Nicolaus upped their price target on IPG Photonics Corporation from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Friday, June 30th. Finally, Longbow Research upgraded IPG Photonics Corporation from a “neutral” rating to a “buy” rating and set a $175.00 price target on the stock in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. IPG Photonics Corporation currently has an average rating of “Buy” and a consensus price target of $141.00.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in IPG Photonics Corporation by 15,820.1% in the first quarter. BlackRock Inc. now owns 2,957,324 shares of the semiconductor company’s stock valued at $356,949,000 after buying an additional 2,938,748 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in IPG Photonics Corporation by 50,089.7% in the second quarter. JPMorgan Chase & Co. now owns 326,735 shares of the semiconductor company’s stock valued at $47,409,000 after buying an additional 326,084 shares during the last quarter. Vanguard Group Inc. boosted its stake in IPG Photonics Corporation by 8.8% in the second quarter. Vanguard Group Inc. now owns 3,054,060 shares of the semiconductor company’s stock valued at $443,143,000 after buying an additional 245,876 shares during the last quarter. Columbia Wanger Asset Management LLC boosted its stake in IPG Photonics Corporation by 57.0% in the first quarter. Columbia Wanger Asset Management LLC now owns 629,691 shares of the semiconductor company’s stock valued at $76,004,000 after buying an additional 228,701 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in IPG Photonics Corporation by 25.6% in the first quarter. Clearbridge Investments LLC now owns 934,882 shares of the semiconductor company’s stock valued at $112,840,000 after buying an additional 190,514 shares during the last quarter. 60.04% of the stock is currently owned by institutional investors.

About IPG Photonics Corporation

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 Corporation (NASDAQ:IPGP)

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