IPG Photonics (NASDAQ:IPGP) Major Shareholder Fibre Devices Ltd Ip Sells 23,966 Shares of Stock

IPG Photonics Corporation (NASDAQ:IPGP) major shareholder Fibre Devices Ltd Ip sold 23,966 shares of IPG Photonics stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $87.92, for a total transaction of $2,107,090.72. Following the completion of the transaction, the insider owned 6,785,670 shares of the company’s stock, valued at $596,596,106.40. The trade was a 0.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more 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 Monday, October 20th, Fibre Devices Ltd Ip sold 23,642 shares of IPG Photonics stock. The stock was 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.
• On Monday, September 22nd, Fibre Devices Ltd Ip sold 35,000 shares of IPG Photonics stock. The stock was sold at an average price of $82.10, for a total transaction of $2,873,500.00.
• On Friday, September 19th, Fibre Devices Ltd Ip sold 29,167 shares of IPG Photonics stock. The stock was sold at an average price of $81.49, for a total transaction of $2,376,818.83.

IPG Photonics Trading Up 1.0%

Shares of NASDAQ:IPGP opened at $88.06 on Wednesday. The company has a 50 day moving average of $82.10 and a 200 day moving average of $71.90. The stock has a market cap of $3.72 billion, a P/E ratio of -17.97, a P/E/G ratio of 24.18 and a beta of 0.98. IPG Photonics Corporation has a 12 month low of $48.59 and a 12 month high of $90.29.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.10 by $0.20. The company had revenue of $250.72 million during the quarter, compared to analysts’ expectations of $228.20 million. IPG Photonics had a negative net margin of 22.77% and a positive return on equity of 2.25%. IPG Photonics’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 earnings per share. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. On average, equities analysts forecast that IPG Photonics Corporation will post 1.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

IPGP has been the subject of several recent analyst reports. Sanford C. Bernstein raised shares of IPG Photonics from a “market perform” rating to an “outperform” rating and set a $97.00 price objective for the company in a research note on Thursday, August 7th. Wall Street Zen raised shares of IPG Photonics from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Roth Capital 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. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of IPG Photonics in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $78.50.

Hedge Funds Weigh In On IPG Photonics

Hedge funds and other institutional investors have recently bought and sold shares of the stock. True Wealth Design LLC grew its stake in IPG Photonics by 1,621.7% in the 2nd quarter. True Wealth Design LLC now owns 396 shares of the semiconductor company’s stock worth $27,000 after buying an additional 373 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in IPG Photonics by 207.1% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 430 shares of the semiconductor company’s stock worth $30,000 after buying an additional 290 shares in the last quarter. Larson Financial Group LLC purchased a new position in IPG Photonics in the 1st quarter worth approximately $39,000. EverSource Wealth Advisors LLC lifted its holdings in shares of IPG Photonics by 348.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 744 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 578 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of IPG Photonics by 76.9% in the 2nd quarter. Signaturefd LLC now owns 764 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 93.79% of the company’s stock.

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.