IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Valentin Gapontsev Trust I sold 18,091 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $75.14, for a total transaction of $1,359,357.74. Following the sale, the insider owned 6,652,192 shares of the company’s stock, valued at approximately $499,845,706.88. This represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 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, 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 stock was sold at an average price of $102.31, for a total value of $5,761,689.96.
IPG Photonics Price Performance
Shares of IPGP opened at $78.00 on Friday. The firm has a market capitalization of $3.32 billion, a P/E ratio of 120.00, a PEG ratio of 2.07 and a beta of 0.98. IPG Photonics Corporation has a one year low of $69.41 and a one year high of $155.82. The business has a fifty day moving average of $90.68 and a 200 day moving average of $108.59.
Institutional Investors Weigh In On IPG Photonics
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPGP. Caitong International Asset Management Co. Ltd lifted its holdings in IPG Photonics by 184.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 295 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of IPG Photonics by 43.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 552 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 166 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of IPG Photonics by 428.9% in the fourth quarter. Global Retirement Partners LLC now owns 677 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 549 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of IPG Photonics by 332.9% during the 4th quarter. Hantz Financial Services Inc. now owns 684 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 526 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of IPG Photonics during the 2nd quarter valued at $87,000. 93.79% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on IPGP. Roth Capital restated a “buy” rating and set a $151.00 target price on shares of IPG Photonics in a research report on Tuesday, May 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of IPG Photonics in a research report on Wednesday, June 24th. Wall Street Zen cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup cut their price objective on shares of 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, Needham & Company LLC upped their price objective on IPG Photonics from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, IPG Photonics has an average rating of “Moderate Buy” and an average target price of $142.60.
Get Our Latest Stock Analysis 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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