IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Fibre Devices Ltd Ip sold 13,381 shares of the company’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $81.52, for a total transaction of $1,090,819.12. Following the completion of the sale, the insider owned 6,593,169 shares of the company’s stock, valued at approximately $537,475,136.88. This trade represents a 0.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 Tuesday, January 20th, Fibre Devices Ltd Ip sold 21,619 shares of IPG Photonics stock. The stock was sold at an average price of $79.90, for a total transaction of $1,727,358.10.
- On Friday, January 16th, Fibre Devices Ltd Ip sold 29,167 shares of IPG Photonics stock. The shares were sold at an average price of $79.87, for a total transaction of $2,329,568.29.
- On Wednesday, December 24th, Fibre Devices Ltd Ip sold 12,785 shares of IPG Photonics stock. The stock was sold at an average price of $74.76, for a total transaction of $955,806.60.
- 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 shares were sold at an average price of $74.26, for a total value of $2,165,941.42.
IPG Photonics Price Performance
IPG Photonics stock opened at $86.51 on Friday. The business has a 50 day simple moving average of $77.85 and a 200-day simple moving average of $79.82. IPG Photonics Corporation has a 12 month low of $48.59 and a 12 month high of $92.21. The stock has a market capitalization of $3.64 billion, a PE ratio of 141.82, a price-to-earnings-growth ratio of 10.80 and a beta of 1.01.
Institutional Trading of IPG Photonics
Institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc increased its position 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 valued at $27,000 after buying an additional 116 shares in the last quarter. Allworth Financial LP grew its stake in IPG Photonics by 10.2% in the 3rd quarter. Allworth Financial LP now owns 1,449 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 134 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in IPG Photonics by 8.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,813 shares of the semiconductor company’s stock valued at $124,000 after acquiring an additional 148 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in IPG Photonics by 3.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,352 shares of the semiconductor company’s stock worth $436,000 after acquiring an additional 194 shares during the last quarter. Finally, Ballast Asset Management LP raised its position in IPG Photonics by 0.6% during the third quarter. Ballast Asset Management LP now owns 34,941 shares of the semiconductor company’s stock worth $2,767,000 after acquiring an additional 197 shares during the last quarter. 93.79% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Stifel Nicolaus set a $92.00 price objective on IPG Photonics in a report on Tuesday, November 4th. Citigroup upgraded IPG Photonics from a “sell” rating to a “buy” rating and lifted their price target for the company from $68.00 to $105.00 in a research note on Wednesday, November 5th. Zacks Research upgraded IPG Photonics from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 15th. Benchmark reissued a “hold” rating on shares of IPG Photonics in a report on Wednesday, December 10th. Finally, Roth Mkm set a $96.00 price target on shares of IPG Photonics and gave the stock a “buy” rating in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.33.
Check Out Our Latest Research Report on IPG Photonics
About IPG Photonics
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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