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.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its holdings 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 acquiring an additional 90 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings 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 acquiring an additional 111 shares during the last quarter. Stifel Financial Corp increased its holdings 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 acquiring an additional 114 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of IPG Photonics by 10.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,380 shares of the semiconductor company’s stock valued at $200,000 after acquiring an additional 131 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings 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 acquiring an additional 202 shares during the last quarter. Institutional investors and hedge funds own 56.38% of the company’s stock.

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.

Insider Buying and Selling by Quarter for IPG Photonics (NASDAQ:IPGP)

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