Eugene A. Shcherbakov Sells 9,500 Shares of IPG Photonics Corporation (IPGP) Stock
IPG Photonics Corporation (NASDAQ:IPGP) SVP Eugene A. Shcherbakov sold 9,500 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $256.56, for a total value of $2,437,320.00. Following the completion of the sale, the senior vice president now directly owns 16,957 shares in the company, valued at approximately $4,350,487.92. The transaction was disclosed in a document filed with the SEC, which is available through this link.
IPG Photonics Corporation (NASDAQ IPGP) opened at $258.27 on Friday. IPG Photonics Corporation has a 1-year low of $97.46 and a 1-year high of $260.33. The company has a market capitalization of $13,900.00, a PE ratio of 37.98, a PEG ratio of 2.65 and a beta of 1.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.02 and a quick ratio of 7.46.
IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.32. IPG Photonics had a return on equity of 21.17% and a net margin of 27.85%. The business had revenue of $392.62 million for the quarter, compared to the consensus estimate of $367.27 million. During the same quarter in the prior year, the business posted $1.29 EPS. The business’s revenue for the quarter was up 47.6% on a year-over-year basis. sell-side analysts forecast that IPG Photonics Corporation will post 7.13 earnings per share for the current year.
IPGP has been the topic of a number of analyst reports. Zacks Investment Research lowered IPG Photonics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of IPG Photonics in a research report on Wednesday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price target (up previously from $182.00) on shares of IPG Photonics in a research report on Friday, October 20th. DA Davidson reaffirmed a “buy” rating and issued a $220.00 price target on shares of IPG Photonics in a research report on Tuesday, October 10th. Finally, ValuEngine lowered IPG Photonics from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. IPG Photonics presently has a consensus rating of “Buy” and an average target price of $180.33.
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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.
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