Envestnet Asset Management Inc. Buys 11,383 Shares of IPG Photonics Corporation $IPGP

Envestnet Asset Management Inc. grew its stake in IPG Photonics Corporation (NASDAQ:IPGP) by 42.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,046 shares of the semiconductor company’s stock after purchasing an additional 11,383 shares during the period. Envestnet Asset Management Inc. owned about 0.09% of IPG Photonics worth $2,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. American Century Companies Inc. lifted its holdings in IPG Photonics by 126.6% during the 1st quarter. American Century Companies Inc. now owns 212,693 shares of the semiconductor company’s stock worth $13,429,000 after buying an additional 118,827 shares during the period. Deutsche Bank AG increased its stake in shares of 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 buying an additional 50,711 shares during the period. Raymond James Financial Inc. raised its position in shares of IPG Photonics by 6.6% during the first quarter. Raymond James Financial Inc. now owns 129,169 shares of the semiconductor company’s stock worth $8,156,000 after acquiring an additional 7,954 shares during the last quarter. Jump Financial LLC lifted its stake 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 worth $3,701,000 after acquiring an additional 22,573 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of IPG Photonics by 173.9% in the first quarter. Cerity Partners LLC now owns 8,299 shares of the semiconductor company’s stock worth $524,000 after acquiring an additional 5,269 shares during the period. 93.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on IPGP shares. Wall Street Zen upgraded shares of IPG Photonics from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Sanford C. Bernstein raised shares of IPG Photonics from a “market perform” rating to an “outperform” rating and set a $97.00 target price for the company in a research note on Thursday, August 7th. Stifel Nicolaus set a $92.00 price target on IPG Photonics in a report on Tuesday, November 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of IPG Photonics in a research note on Thursday. Finally, Citigroup upgraded IPG Photonics from a “sell” rating to a “buy” rating and upped their target price for the company from $68.00 to $105.00 in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, IPG Photonics has a consensus rating of “Moderate Buy” and an average target price of $89.33.

Insider Buying and Selling at IPG Photonics

In other IPG Photonics news, SVP Trevor Ness sold 1,678 shares of the company’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $87.00, for a total transaction of $145,986.00. Following the transaction, the senior vice president owned 38,887 shares in the company, valued at approximately $3,383,169. This represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Fibre Devices Ltd Ip sold 23,966 shares of IPG Photonics stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $87.92, for a total transaction of $2,107,090.72. Following the transaction, the insider owned 6,785,670 shares of the company’s stock, valued at $596,596,106.40. This represents a 0.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 274,020 shares of company stock worth $22,846,832 in the last ninety days. 39.50% of the stock is currently owned by corporate insiders.

IPG Photonics Price Performance

IPGP stock opened at $79.69 on Monday. The stock has a market capitalization of $3.36 billion, a PE ratio of -16.26, a price-to-earnings-growth ratio of 23.95 and a beta of 1.04. The company’s 50-day moving average is $83.88 and its 200-day moving average is $76.08. IPG Photonics Corporation has a 1 year low of $48.59 and a 1 year high of $92.21.

IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, November 4th. The semiconductor company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.19. The business had revenue of $250.79 million during the quarter, compared to analyst estimates of $240.18 million. IPG Photonics had a positive return on equity of 2.25% and a negative net margin of 22.77%. IPG Photonics has set its Q4 2025 guidance at 0.050-0.350 EPS. On average, analysts anticipate that IPG Photonics Corporation will post 1.54 earnings per share for the current fiscal year.

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.