IPG Photonics Co. (NASDAQ:IPGP) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its position in shares of IPG Photonics Co. (NASDAQ:IPGPFree Report) by 18.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,856 shares of the semiconductor company’s stock after selling 415 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in IPG Photonics were worth $201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. VisionPoint Advisory Group LLC raised its stake in IPG Photonics by 127.2% during the third quarter. VisionPoint Advisory Group LLC now owns 259 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 145 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in IPG Photonics during the fourth quarter valued at approximately $40,000. Disciplined Equity Management Inc. acquired a new stake in IPG Photonics during the fourth quarter valued at approximately $43,000. AM Squared Ltd raised its position in shares of IPG Photonics by 200.0% during the 4th quarter. AM Squared Ltd now owns 600 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 400 shares during the period. Finally, Orion Capital Management LLC acquired a new stake in shares of IPG Photonics during the 3rd quarter worth approximately $89,000. Institutional investors and hedge funds own 93.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IPGP. Benchmark dropped their price target on IPG Photonics from $116.00 to $106.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. StockNews.com cut IPG Photonics from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, May 1st. Stifel Nicolaus dropped their price target on IPG Photonics from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, February 14th. Finally, Citigroup dropped their price target on IPG Photonics from $74.00 to $68.00 and set a “sell” rating on the stock in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $110.40.

Check Out Our Latest Report on IPG Photonics

IPG Photonics Price Performance

Shares of IPGP stock opened at $85.63 on Monday. IPG Photonics Co. has a 12-month low of $80.33 and a 12-month high of $141.85. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 22.07 and a beta of 1.17. The business has a 50 day simple moving average of $87.83 and a 200 day simple moving average of $93.81.

IPG Photonics (NASDAQ:IPGPGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $252.00 million during the quarter, compared to analyst estimates of $255.53 million. IPG Photonics had a return on equity of 7.67% and a net margin of 15.34%. The business’s revenue for the quarter was down 27.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 EPS. On average, equities analysts anticipate that IPG Photonics Co. will post 2.77 EPS for the current fiscal year.

IPG Photonics announced that its board has authorized a stock repurchase program on Tuesday, February 13th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at IPG Photonics

In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $89.56, for a total transaction of $895,600.00. Following the completion of the transaction, the insider now directly owns 7,209,599 shares of the company’s stock, valued at approximately $645,691,686.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $89.56, for a total transaction of $895,600.00. Following the completion of the transaction, the insider now directly owns 7,209,599 shares of the company’s stock, valued at approximately $645,691,686.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Eric Meurice sold 788 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $89.30, for a total value of $70,368.40. Following the transaction, the director now directly owns 16,491 shares of the company’s stock, valued at $1,472,646.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,788 shares of company stock valued at $1,738,708. 38.00% of the stock is owned by corporate insiders.

IPG Photonics Company Profile

(Free Report)

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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Institutional Ownership by Quarter for IPG Photonics (NASDAQ:IPGP)

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