PNC Financial Services Group Inc. Cuts Stake in IPG Photonics Corporation $IPGP

PNC Financial Services Group Inc. reduced its stake in IPG Photonics Corporation (NASDAQ:IPGP) by 15.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,665 shares of the semiconductor company’s stock after selling 315 shares during the period. PNC Financial Services Group Inc.’s holdings in IPG Photonics were worth $105,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Merit Financial Group LLC purchased a new stake in shares of IPG Photonics in the first quarter worth $343,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of IPG Photonics by 194.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,568 shares of the semiconductor company’s stock valued at $794,000 after purchasing an additional 8,294 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of IPG Photonics by 20.5% during the first quarter. Retirement Systems of Alabama now owns 215,573 shares of the semiconductor company’s stock valued at $13,611,000 after buying an additional 36,648 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of IPG Photonics during the fourth quarter valued at $298,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of IPG Photonics by 10.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 86,725 shares of the semiconductor company’s stock valued at $6,307,000 after buying an additional 8,041 shares during the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

IPG Photonics Stock Performance

IPGP stock opened at $77.07 on Wednesday. IPG Photonics Corporation has a fifty-two week low of $48.59 and a fifty-two week high of $88.50. The business’s 50-day moving average is $73.27 and its two-hundred day moving average is $65.95. The company has a market cap of $3.25 billion, a price-to-earnings ratio of -15.73, a P/E/G ratio of 22.59 and a beta of 0.88.

IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, August 5th. The semiconductor company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.20. IPG Photonics had a positive return on equity of 2.25% and a negative net margin of 22.77%.The company had revenue of $250.72 million for the quarter, compared to the consensus estimate of $228.20 million. During the same quarter in the prior year, the company earned $0.45 earnings per share. IPG Photonics’s revenue was down 2.7% on a year-over-year basis. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. Equities analysts predict that IPG Photonics Corporation will post 1.54 earnings per share for the current year.

IPG Photonics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.7%.

Insider Activity at IPG Photonics

In other news, Director Jeanmarie F. Desmond sold 1,360 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $76.24, for a total value of $103,686.40. Following the transaction, the director owned 9,740 shares of the company’s stock, valued at $742,577.60. This trade represents a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 39.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

IPGP has been the topic of several recent analyst reports. Stifel Nicolaus set a $72.00 price objective on IPG Photonics in a research report on Monday, April 28th. Sanford C. Bernstein raised IPG Photonics from a “market perform” rating to an “outperform” rating and set a $97.00 price objective on the stock in a research report on Thursday, August 7th. Wall Street Zen raised IPG Photonics from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Raymond James Financial dropped their price objective on IPG Photonics from $80.00 to $70.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, May 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.00.

IPG Photonics Company Profile

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.