IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Fibre Devices Ltd Ip sold 12,785 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $74.76, for a total value of $955,806.60. Following the completion of the sale, the insider owned 6,657,336 shares of the company’s stock, valued at $497,702,439.36. This trade represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Fibre Devices Ltd Ip also recently made the following trade(s):
- On Tuesday, December 23rd, Fibre Devices Ltd Ip sold 28,445 shares of IPG Photonics stock. The stock was sold at an average price of $74.62, for a total value of $2,122,565.90.
- On Monday, December 22nd, Fibre Devices Ltd Ip sold 22,937 shares of IPG Photonics stock. The shares were sold at an average price of $75.43, for a total value of $1,730,137.91.
- On Monday, November 24th, Fibre Devices Ltd Ip sold 35,000 shares of IPG Photonics stock. The stock was sold at an average price of $76.36, for a total value of $2,672,600.00.
- On Friday, November 21st, Fibre Devices Ltd Ip sold 29,167 shares of IPG Photonics stock. The stock was sold at an average price of $74.26, for a total value of $2,165,941.42.
- On Tuesday, October 21st, Fibre Devices Ltd Ip sold 23,966 shares of IPG Photonics stock. The shares were sold at an average price of $87.92, for a total transaction of $2,107,090.72.
- 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 transaction of $2,073,403.40.
- On Friday, October 17th, Fibre Devices Ltd Ip sold 16,559 shares of IPG Photonics stock. The stock was sold at an average price of $84.68, for a total transaction of $1,402,216.12.
IPG Photonics Price Performance
Shares of IPGP stock opened at $72.92 on Tuesday. The company has a market capitalization of $3.07 billion, a PE ratio of 119.54, a price-to-earnings-growth ratio of 19.45 and a beta of 1.02. The firm’s 50-day moving average is $80.90 and its two-hundred day moving average is $78.84. IPG Photonics Corporation has a 12 month low of $48.59 and a 12 month high of $92.21.
Hedge Funds Weigh In On IPG Photonics
A number of institutional investors and hedge funds have recently made changes to their positions in IPGP. S Squared Technology LLC lifted its stake in IPG Photonics by 7.3% during the second quarter. S Squared Technology LLC now owns 73,866 shares of the semiconductor company’s stock worth $5,071,000 after purchasing an additional 5,000 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of IPG Photonics by 6.6% during the 1st quarter. Raymond James Financial Inc. now owns 129,169 shares of the semiconductor company’s stock worth $8,156,000 after buying an additional 7,954 shares during the last quarter. Old West Investment Management LLC acquired a new position in shares of IPG Photonics in the 2nd quarter valued at $601,000. Kera Capital Partners Inc. acquired a new position in shares of IPG Photonics in the 2nd quarter valued at $326,000. Finally, Brandes Investment Partners LP raised its stake in IPG Photonics by 87.8% during the 2nd quarter. Brandes Investment Partners LP now owns 133,592 shares of the semiconductor company’s stock worth $9,171,000 after acquiring an additional 62,445 shares in the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Citigroup upgraded IPG Photonics from a “sell” rating to a “buy” rating and increased their price target for the stock from $68.00 to $105.00 in a report on Wednesday, November 5th. Roth Capital set a $96.00 price target on shares of IPG Photonics and gave the company a “buy” rating in a research report on Monday, October 6th. Stifel Nicolaus set a $92.00 price target on shares of IPG Photonics in a research note on Tuesday, November 4th. Benchmark reaffirmed a “hold” rating on shares of IPG Photonics in a research report on Wednesday, December 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of IPG Photonics in a research report on Monday, December 22nd. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.33.
Check Out Our Latest Research Report on IPGP
IPG Photonics Company Profile
IPG Photonics Corporation is a global leader in the design and manufacture of high-performance fiber lasers and amplifiers used in industrial, medical, scientific, and telecommunications applications. The company’s core products include ytterbium and erbium fiber lasers, diode lasers, and fiber amplifiers that deliver high power and efficiency for precision cutting, welding, marking, and engraving. IPG’s systems are engineered to optimize process speed, reliability, and energy consumption, making them a preferred choice for advanced manufacturing environments.
In addition to stand-alone laser sources, IPG offers turnkey laser systems and integrated solutions tailored to sectors such as automotive, electronics, aerospace, additive manufacturing, and life sciences.
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