IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Valentin Gapontsev Trust I sold 27,116 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $77.06, for a total transaction of $2,089,558.96. Following the completion of the transaction, the insider directly owned 6,859,599 shares of the company’s stock, valued at approximately $528,600,698.94. The trade was a 0.39% 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. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Valentin Gapontsev Trust I also recently made the following trade(s):
- On Monday, December 15th, Valentin Gapontsev Trust I sold 39,384 shares of IPG Photonics stock. The shares were sold at an average price of $77.63, for a total value of $3,057,379.92.
- On Tuesday, November 18th, Valentin Gapontsev Trust I sold 47,901 shares of IPG Photonics stock. The stock was sold at an average price of $76.13, for a total value of $3,646,703.13.
- On Tuesday, November 18th, Valentin Gapontsev Trust I sold 47,901 shares of IPG Photonics stock. The stock was sold at an average price of $76.13, for a total value of $3,646,703.13.
- On Monday, November 17th, Valentin Gapontsev Trust I sold 18,599 shares of IPG Photonics stock. The shares were sold at an average price of $77.67, for a total transaction of $1,444,584.33.
- On Monday, November 17th, Valentin Gapontsev Trust I sold 18,599 shares of IPG Photonics stock. The stock was sold at an average price of $77.67, for a total transaction of $1,444,584.33.
- On Wednesday, October 15th, Valentin Gapontsev Trust I sold 17,707 shares of IPG Photonics stock. The stock was sold at an average price of $85.09, for a total transaction of $1,506,688.63.
- On Tuesday, October 14th, Valentin Gapontsev Trust I sold 16,529 shares of IPG Photonics stock. The stock was sold at an average price of $82.97, for a total transaction of $1,371,411.13.
- On Monday, October 13th, Valentin Gapontsev Trust I sold 32,264 shares of IPG Photonics stock. The shares were sold at an average price of $83.19, for a total value of $2,684,042.16.
IPG Photonics Price Performance
IPGP stock opened at $74.64 on Thursday. IPG Photonics Corporation has a 1 year low of $48.59 and a 1 year high of $92.21. The company has a market cap of $3.14 billion, a P/E ratio of 122.35, a price-to-earnings-growth ratio of 19.93 and a beta of 1.02. The stock’s fifty day moving average price is $82.52 and its 200-day moving average price is $78.41.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its stake in shares of IPG Photonics by 51.1% in the third quarter. Versant Capital Management Inc now owns 343 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 116 shares during the last quarter. Allworth Financial LP boosted its position in IPG Photonics by 10.2% in the third quarter. Allworth Financial LP now owns 1,449 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 134 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in IPG Photonics by 8.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,813 shares of the semiconductor company’s stock worth $124,000 after buying an additional 148 shares during the period. Inspire Investing LLC raised its position in IPG Photonics by 2.8% during the 1st quarter. Inspire Investing LLC now owns 6,383 shares of the semiconductor company’s stock worth $403,000 after buying an additional 176 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in IPG Photonics by 3.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,352 shares of the semiconductor company’s stock worth $436,000 after buying an additional 194 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have commented on IPGP shares. Citigroup raised shares of 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 report on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of IPG Photonics in a research report on Monday. Stifel Nicolaus set a $92.00 price target on IPG Photonics in a research report on Tuesday, November 4th. Roth Capital set a $96.00 price objective on IPG Photonics and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Benchmark reissued a “hold” rating on shares of IPG Photonics in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, IPG Photonics has a consensus rating of “Moderate Buy” and a consensus price target of $89.33.
Get Our Latest Analysis on IPG Photonics
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.
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