IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Valentin Gapontsev Trust I sold 7,952 shares of IPG Photonics stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $80.10, for a total value of $636,955.20. Following the completion of the transaction, the insider owned 6,793,099 shares in the company, valued at $544,127,229.90. This trade represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Valentin Gapontsev Trust I also recently made the following trade(s):
- On Wednesday, January 14th, Valentin Gapontsev Trust I sold 17,526 shares of IPG Photonics stock. The stock was sold at an average price of $77.57, for a total value of $1,359,491.82.
- On Tuesday, January 13th, Valentin Gapontsev Trust I sold 23,029 shares of IPG Photonics stock. The shares were sold at an average price of $76.98, for a total transaction of $1,772,772.42.
- On Monday, January 12th, Valentin Gapontsev Trust I sold 17,993 shares of IPG Photonics stock. The shares were sold at an average price of $76.25, for a total transaction of $1,371,966.25.
- On Tuesday, December 16th, Valentin Gapontsev Trust I sold 27,116 shares of IPG Photonics stock. The stock was sold at an average price of $77.06, for a total transaction of $2,089,558.96.
- On Monday, December 15th, Valentin Gapontsev Trust I sold 39,384 shares of IPG Photonics stock. The shares were sold at an average price of $77.63, for a total transaction of $3,057,379.92.
- On Tuesday, November 18th, Valentin Gapontsev Trust I sold 47,901 shares of IPG Photonics stock. The stock was sold at an average price of $76.13, for a total transaction of $3,646,703.13.
- On Tuesday, November 18th, Valentin Gapontsev Trust I sold 47,901 shares of IPG Photonics stock. The shares were sold at an average price of $76.13, for a total transaction of $3,646,703.13.
- On Monday, November 17th, Valentin Gapontsev Trust I sold 18,599 shares of IPG Photonics stock. The stock was sold at an average price of $77.67, for a total value of $1,444,584.33.
- On Monday, November 17th, Valentin Gapontsev Trust I sold 18,599 shares of IPG Photonics stock. The stock was sold at an average price of $77.67, for a total value of $1,444,584.33.
IPG Photonics Stock Performance
NASDAQ:IPGP opened at $81.75 on Friday. IPG Photonics Corporation has a 1 year low of $48.59 and a 1 year high of $92.21. The stock has a fifty day moving average price of $78.00 and a two-hundred day moving average price of $79.53. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 134.02, a PEG ratio of 10.13 and a beta of 1.01.
Hedge Funds Weigh In On IPG Photonics
Several institutional investors and hedge funds have recently modified their holdings of IPGP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in IPG Photonics by 20.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,024 shares of the semiconductor company’s stock worth $2,541,000 after acquiring an additional 6,741 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of IPG Photonics by 0.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,469 shares of the semiconductor company’s stock valued at $5,523,000 after purchasing an additional 744 shares during the period. Jane Street Group LLC grew its position in shares of IPG Photonics by 79.4% in the first quarter. Jane Street Group LLC now owns 122,105 shares of the semiconductor company’s stock valued at $7,710,000 after purchasing an additional 54,026 shares during the period. Parallel Advisors LLC increased its stake in IPG Photonics by 853.9% in the second quarter. Parallel Advisors LLC now owns 1,097 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 982 shares during the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake in IPG Photonics by 49.5% in the 2nd quarter. Pallas Capital Advisors LLC now owns 6,520 shares of the semiconductor company’s stock worth $448,000 after buying an additional 2,160 shares during the last quarter. Hedge funds and other institutional investors own 93.79% of the company’s stock.
Analysts Set New Price Targets
IPGP has been the topic of a number of research reports. Benchmark restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, December 10th. Citigroup upgraded IPG Photonics from a “sell” rating to a “buy” rating and raised their price target for the company from $68.00 to $105.00 in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of IPG Photonics in a research report on Monday, December 29th. Stifel Nicolaus set a $92.00 target price on shares of IPG Photonics in a report on Tuesday, November 4th. Finally, Roth Capital set a $96.00 price target on shares of IPG Photonics and gave the company a “buy” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.33.
View Our Latest Research Report on IPGP
About IPG Photonics
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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