Insider Selling: IPG Photonics (NASDAQ:IPGP) Director Sells 750 Shares of Stock

IPG Photonics Corporation (NASDAQ:IPGP) Director Eric Meurice sold 750 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $95.00, for a total value of $71,250.00. Following the completion of the transaction, the director directly owned 22,803 shares in the company, valued at $2,166,285. The trade was a 3.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Eric Meurice also recently made the following trade(s):

• On Thursday, November 6th, Eric Meurice sold 750 shares of IPG Photonics stock. The shares were sold at an average price of $92.00, for a total transaction of $69,000.00.

IPG Photonics Price Performance

Shares of IPGP traded up $4.37 on Tuesday, reaching $98.92. The company’s stock had a trading volume of 712,913 shares, compared to its average volume of 428,855. The stock has a market capitalization of $4.17 billion, a P/E ratio of 162.16, a PEG ratio of 11.68 and a beta of 1.02. The stock’s 50 day simple moving average is $79.96 and its two-hundred day simple moving average is $80.76. IPG Photonics Corporation has a 12-month low of $48.59 and a 12-month high of $102.06.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, November 4th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.19. The business had revenue of $250.79 million for the quarter, compared to analysts’ expectations of $240.18 million. IPG Photonics had a net margin of 2.66% and a return on equity of 2.35%. Analysts expect that IPG Photonics Corporation will post 1.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in IPG Photonics by 20.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,024 shares of the semiconductor company’s stock valued at $2,541,000 after buying an additional 6,741 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of IPG Photonics by 0.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,469 shares of the semiconductor company’s stock valued at $5,523,000 after purchasing an additional 744 shares during the period. Jane Street Group LLC raised its position in IPG Photonics by 79.4% during the 1st quarter. Jane Street Group LLC now owns 122,105 shares of the semiconductor company’s stock valued at $7,710,000 after purchasing an additional 54,026 shares in the last quarter. 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 buying an additional 332 shares during the period. Finally, Inspire Investing LLC raised its holdings in shares of IPG Photonics by 10.1% in the second quarter. Inspire Investing LLC now owns 7,027 shares of the semiconductor company’s stock valued at $482,000 after acquiring an additional 644 shares in the last quarter. Hedge funds and other institutional investors own 93.79% of the company’s stock.

Wall Street Analyst Weigh In

IPGP has been the subject of a number of recent analyst reports. Citigroup raised IPG Photonics from a “sell” rating to a “buy” rating and upped their price objective for the stock from $68.00 to $105.00 in a research note on Wednesday, November 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of IPG Photonics in a report on Monday, December 29th. Stifel Nicolaus set a $92.00 price target on shares of IPG Photonics in a report on Tuesday, November 4th. Benchmark reiterated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, December 10th. Finally, Roth Mkm boosted their price target on shares of IPG Photonics from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday. Two research 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 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 $91.67.

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.