IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Valentin Gapontsev Trust I sold 18,091 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $75.14, for a total value of $1,359,357.74. Following the completion of the transaction, the insider directly owned 6,652,192 shares in the company, valued at approximately $499,845,706.88. This trade represents a 0.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Valentin Gapontsev Trust I also recently made the following trade(s):
- On Wednesday, September 2nd, Valentin Gapontsev Trust I sold 9,306 shares of IPG Photonics stock. The stock was sold at an average price of $75.95, for a total value of $706,790.70.
- On Tuesday, July 21st, Valentin Gapontsev Trust I sold 56,316 shares of IPG Photonics stock. The shares were sold at an average price of $102.31, for a total transaction of $5,761,689.96.
IPG Photonics Trading Down 0.0%
NASDAQ IPGP traded down $0.02 during trading hours on Thursday, reaching $76.46. The company had a trading volume of 359,942 shares, compared to its average volume of 525,165. The stock has a market capitalization of $3.25 billion, a P/E ratio of 117.63, a price-to-earnings-growth ratio of 1.99 and a beta of 0.98. The stock has a 50-day moving average of $91.94 and a 200 day moving average of $109.35. IPG Photonics Corporation has a 1-year low of $69.41 and a 1-year high of $155.82.
Institutional Trading of IPG Photonics
A number of large investors have recently modified their holdings of the stock. First Eagle Investment Management LLC boosted its holdings in IPG Photonics by 0.3% in the fourth quarter. First Eagle Investment Management LLC now owns 4,487,103 shares of the semiconductor company’s stock valued at $321,277,000 after purchasing an additional 12,344 shares during the period. California State Teachers Retirement System raised its position in IPG Photonics by 12,027.2% in the 2nd quarter. California State Teachers Retirement System now owns 3,607,121 shares of the semiconductor company’s stock valued at $423,187,000 after purchasing an additional 3,577,377 shares in the last quarter. BlackRock Inc. purchased a new position in shares of IPG Photonics in the 2nd quarter valued at about $334,429,000. Dimensional Fund Advisors LP grew its position in shares of IPG Photonics by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,815,042 shares of the semiconductor company’s stock worth $129,960,000 after buying an additional 59,178 shares in the last quarter. Finally, AQR Capital Management LLC grew 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 in the last quarter. Hedge funds and other institutional investors own 93.79% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently commented on IPGP. Wall Street Zen lowered IPG Photonics from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Needham & Company LLC increased their target price on IPG Photonics from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Roth Capital restated a “buy” rating and set a $151.00 target price on shares of IPG Photonics in a report on Tuesday, May 19th. Citigroup dropped their target price on IPG Photonics from $150.00 to $137.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of IPG Photonics in a research note on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, IPG Photonics currently has a consensus rating of “Moderate Buy” and an average price target of $142.60.
Check Out Our Latest Stock Report on IPGP
IPG Photonics Company 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.
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