Fibre Devices Ltd Ip Sells 23,966 Shares of IPG Photonics (NASDAQ:IPGP) Stock

IPG Photonics Corporation (NASDAQ:IPGP) major shareholder Fibre Devices Ltd Ip sold 23,966 shares of the company’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $87.92, for a total value of $2,107,090.72. Following the completion of the transaction, the insider owned 6,785,670 shares of the company’s stock, valued at $596,596,106.40. The trade was a 0.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Fibre Devices Ltd Ip also recently made the following trade(s):

• On Monday, October 20th, Fibre Devices Ltd Ip sold 23,642 shares of IPG Photonics stock. The shares were sold at an average price of $87.70, for a total value of $2,073,403.40.
• On Friday, October 17th, Fibre Devices Ltd Ip sold 16,559 shares of IPG Photonics stock. The shares were sold at an average price of $84.68, for a total value of $1,402,216.12.
• On Monday, September 22nd, Fibre Devices Ltd Ip sold 35,000 shares of IPG Photonics stock. The stock was sold at an average price of $82.10, for a total value of $2,873,500.00.
• On Friday, September 19th, Fibre Devices Ltd Ip sold 29,167 shares of IPG Photonics stock. The shares were sold at an average price of $81.49, for a total value of $2,376,818.83.

IPG Photonics Stock Down 3.0%

Shares of IPG Photonics stock opened at $85.42 on Thursday. IPG Photonics Corporation has a 12-month low of $48.59 and a 12-month high of $90.29. The business’s 50 day moving average is $82.21 and its 200-day moving average is $71.99. The stock has a market cap of $3.61 billion, a P/E ratio of -17.43, a P/E/G ratio of 24.41 and a beta of 0.98.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.30 EPS 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 firm had revenue of $250.72 million for the quarter, compared to analyst estimates of $228.20 million. During the same period in the prior year, the firm posted $0.45 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. On average, sell-side analysts expect that IPG Photonics Corporation will post 1.54 EPS for the current year.

Institutional Investors Weigh In On IPG Photonics

Several hedge funds have recently modified their holdings of IPGP. American Century Companies Inc. lifted its stake in IPG Photonics by 126.6% in the 1st quarter. American Century Companies Inc. now owns 212,693 shares of the semiconductor company’s stock worth $13,429,000 after purchasing an additional 118,827 shares in the last quarter. Deutsche Bank AG lifted its position in IPG Photonics by 699.2% in the first quarter. Deutsche Bank AG now owns 57,964 shares of the semiconductor company’s stock valued at $3,660,000 after acquiring an additional 50,711 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake 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 worth $794,000 after acquiring an additional 8,294 shares during the period. Retirement Systems of Alabama grew its position in IPG Photonics by 20.5% during the first quarter. Retirement Systems of Alabama now owns 215,573 shares of the semiconductor company’s stock worth $13,611,000 after buying an additional 36,648 shares during the period. Finally, Jump Financial LLC lifted its holdings in shares of IPG Photonics by 62.6% in the first quarter. Jump Financial LLC now owns 58,612 shares of the semiconductor company’s stock valued at $3,701,000 after purchasing an additional 22,573 shares in the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IPGP has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of IPG Photonics in a research note on Wednesday, October 8th. Roth Capital set a $96.00 target price on IPG Photonics and gave the stock a “buy” rating in a research report on Monday, October 6th. Wall Street Zen raised IPG Photonics from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Sanford C. Bernstein raised IPG Photonics from a “market perform” rating to an “outperform” rating and set a $97.00 target price for the company in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $78.50.

About IPG Photonics

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.