IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Fibre Devices Ltd Ip sold 29,167 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $79.87, for a total transaction of $2,329,568.29. Following the completion of the transaction, the insider owned 6,628,169 shares of the company’s stock, valued at approximately $529,391,858.03. This trade represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Fibre Devices Ltd Ip also recently made the following trade(s):
- On Wednesday, January 21st, Fibre Devices Ltd Ip sold 13,381 shares of IPG Photonics stock. The shares were sold at an average price of $81.52, for a total transaction of $1,090,819.12.
- On Tuesday, January 20th, Fibre Devices Ltd Ip sold 21,619 shares of IPG Photonics stock. The shares were sold at an average price of $79.90, for a total transaction of $1,727,358.10.
- 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 transaction of $2,122,565.90.
- On Monday, December 22nd, Fibre Devices Ltd Ip sold 22,937 shares of IPG Photonics stock. The stock was 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 Trading Up 1.2%
Shares of IPGP stock opened at $86.51 on Friday. IPG Photonics Corporation has a 1-year low of $48.59 and a 1-year high of $92.21. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 141.82, a PEG ratio of 10.80 and a beta of 1.01. The stock has a 50-day moving average of $77.85 and a 200-day moving average of $79.82.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Roth Mkm set a $96.00 target price on shares of IPG Photonics and gave the stock a “buy” rating in a research note on Monday, October 6th. Citigroup raised IPG Photonics from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $68.00 to $105.00 in a research report on Wednesday, November 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of IPG Photonics in a research note on Monday, December 29th. Stifel Nicolaus set a $92.00 target price on IPG Photonics in a research report on Tuesday, November 4th. Finally, Zacks Research upgraded IPG Photonics from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 15th. Two analysts have 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.33.
Read Our Latest Research Report on IPG Photonics
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in IPGP. Exchange Traded Concepts LLC grew its stake in IPG Photonics by 20.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 258,305 shares of the semiconductor company’s stock valued at $18,495,000 after acquiring an additional 43,021 shares during the period. Moody National Bank Trust Division acquired a new position in shares of IPG Photonics during the fourth quarter worth approximately $1,280,000. Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in shares of IPG Photonics by 14.2% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 96,604 shares of the semiconductor company’s stock worth $6,917,000 after purchasing an additional 12,020 shares in the last quarter. SG Americas Securities LLC grew its position in IPG Photonics by 374.5% in the 4th quarter. SG Americas Securities LLC now owns 35,007 shares of the semiconductor company’s stock valued at $2,507,000 after purchasing an additional 27,629 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in IPG Photonics during the 4th quarter valued at $3,435,000. 93.79% of the stock is owned by institutional investors and hedge funds.
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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