IPG Photonics (NASDAQ:IPGP) Stock: Insider Valentin Gapontsev Trust I Sells 6,020 Shares

IPG Photonics Corporation (NASDAQ:IPGP) major shareholder Valentin Gapontsev Trust I sold 6,020 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $75.18, for a total transaction of $452,583.60. Following the transaction, the insider owned 6,636,866 shares in the company, valued at $498,959,585.88. The trade was a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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 shares are required to disclose their transactions with the SEC.

Valentin Gapontsev Trust I also recently made the following trade(s):

• On Tuesday, November 3rd, Valentin Gapontsev Trust I sold 14,632 shares of IPG Photonics stock. The shares were sold at an average price of $75.18, for a total transaction of $1,100,033.76.
• On Wednesday, September 2nd, Valentin Gapontsev Trust I sold 9,306 shares of IPG Photonics stock. The shares were sold at an average price of $75.95, for a total transaction of $706,790.70.
• On Tuesday, September 1st, Valentin Gapontsev Trust I sold 18,091 shares of IPG Photonics stock. The stock was sold at an average price of $75.14, for a total transaction of $1,359,357.74.

IPG Photonics Price Performance

IPGP opened at $62.03 on Friday. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 36.14, a price-to-earnings-growth ratio of 1.68 and a beta of 1.00. The company’s 50 day simple moving average is $76.17 and its two-hundred day simple moving average is $100.62. IPG Photonics Corporation has a 1-year low of $61.59 and a 1-year high of $155.82.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, November 3rd. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.12. The business had revenue of $287.50 million during the quarter, compared to analyst estimates of $283.31 million. IPG Photonics had a return on equity of 3.91% and a net margin of 3.65%. The business’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 earnings per share. On average, equities analysts anticipate that IPG Photonics Corporation will post 1.86 earnings per share for the current fiscal year.

More IPG Photonics News

Here are the key news stories impacting IPG Photonics this week:

• Positive Sentiment: Third-quarter adjusted earnings were $0.61 per share versus the $0.49 consensus, and revenue of about $288 million topped estimates and rose 14.6% year over year. Semiconductor laser revenue more than doubled. Article: IPG Photonics: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Needham cut its price target to $105 from $120 but kept a Buy rating, leaving a still-positive view while signaling a more conservative valuation. Needham analyst update
• Neutral Sentiment: Major shareholder Valentin Gapontsev Trust I sold shares worth about $1.55 million across two reported transactions. The sales were made under a pre-arranged Rule 10b5-1 plan and were small compared with its remaining stake of more than 6.6 million shares. Article: Major shareholder sells IPGP shares
• Negative Sentiment: Coverage of the quarterly results highlighted caution in the fourth-quarter outlook. That could overshadow the earnings beat by raising concerns about near-term demand and growth. Article: IPGP Q3 deep dive

Institutional Trading of IPG Photonics

A number of hedge funds and other institutional investors have recently made changes to their positions in IPGP. MCF Advisors LLC acquired a new stake in shares of IPG Photonics during the second quarter valued at about $38,000. Versant Capital Management Inc raised its stake in shares of IPG Photonics by 42.2% in the 3rd quarter. Versant Capital Management Inc now owns 495 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 147 shares during the period. Farther Finance Advisors LLC raised its stake in shares of IPG Photonics by 83.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 524 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 239 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of IPG Photonics by 43.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 552 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 166 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of IPG Photonics by 206.1% in the 3rd quarter. IFP Advisors Inc now owns 704 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 474 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on IPGP shares. UBS Group restated a “buy” rating on shares of IPG Photonics in a report on Thursday. Weiss Ratings reiterated a “sell (d+)” rating on shares of IPG Photonics in a report on Monday, September 21st. Citigroup reduced their price target on IPG Photonics from $150.00 to $137.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Sanford C. Bernstein reissued an “outperform” rating and set a $92.00 price target on shares of IPG Photonics in a research report on Thursday. Finally, Needham & Company LLC dropped their price objective on shares of IPG Photonics from $120.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.67.

IPG Photonics Company Profile

IPG Photonics Corporation (NASDAQ:IPGP) develops and manufactures high-performance fiber lasers, laser systems, optical amplifiers and related components. Its product portfolio includes single-mode and multi-mode fiber lasers, pulsed lasers, diode lasers, beam-delivery systems and other specialized photonics products.

The company’s technologies are used primarily for industrial materials processing applications, including cutting, welding, marking, drilling, cladding and additive manufacturing.