IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Fibre Devices Ltd Ip sold 18,111 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $96.12, for a total value of $1,740,829.32. Following the completion of the sale, the insider directly owned 6,405,989 shares of the company’s stock, valued at $615,743,662.68. The trade was a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 Tuesday, August 4th, Fibre Devices Ltd Ip sold 12,202 shares of IPG Photonics stock. The stock was sold at an average price of $95.18, for a total value of $1,161,386.36.
- On Friday, July 31st, Fibre Devices Ltd Ip sold 27,000 shares of IPG Photonics stock. The stock was sold at an average price of $85.81, for a total value of $2,316,870.00.
- On Monday, June 29th, Fibre Devices Ltd Ip sold 65,700 shares of IPG Photonics stock. The shares were sold at an average price of $103.64, for a total transaction of $6,809,148.00.
IPG Photonics Stock Down 5.5%
Shares of NASDAQ IPGP traded down $5.05 during trading on Thursday, hitting $86.70. 592,758 shares of the company traded hands, compared to its average volume of 516,001. IPG Photonics Corporation has a 1 year low of $71.38 and a 1 year high of $155.82. The company has a 50-day moving average price of $105.73 and a 200-day moving average price of $111.78. The firm has a market capitalization of $3.68 billion, a P/E ratio of 133.39, a P/E/G ratio of 2.74 and a beta of 0.96.
Institutional Trading of IPG Photonics
Several large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in IPG Photonics by 20.9% during 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 purchasing an additional 6,741 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of IPG Photonics by 0.9% in the 1st 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 in the last quarter. Jane Street Group LLC raised its position in shares of IPG Photonics by 79.4% in 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. Prudential Financial Inc. purchased a new position in shares of IPG Photonics during the 2nd quarter valued at approximately $205,000. Finally, Invesco Ltd. grew its position in shares of IPG Photonics by 0.3% during the second quarter. Invesco Ltd. now owns 105,525 shares of the semiconductor company’s stock worth $7,244,000 after buying an additional 272 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on IPGP shares. Wall Street Zen lowered IPG Photonics from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup raised their price target on shares of IPG Photonics from $105.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Stifel Nicolaus decreased their price objective on shares of IPG Photonics from $165.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Zacks Research lowered shares of IPG Photonics from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Needham & Company LLC lifted their target price on shares of IPG Photonics from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 17th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, IPG Photonics currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.17.
Check Out Our Latest Report on IPG Photonics
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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