IPG Photonics (NASDAQ:IPGP) Sets New 12-Month Low – Here’s What Happened

IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $69.26 and last traded at $70.0590, with a volume of 34,922 shares changing hands. The stock had previously closed at $74.03.

Analysts Set New Price Targets

IPGP has been the subject of several recent analyst reports. Citigroup decreased their target price on shares of IPG Photonics from $150.00 to $137.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Needham & Company LLC lifted their price target on IPG Photonics from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 17th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of IPG Photonics in a research report on Monday, September 21st. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, IPG Photonics currently has an average rating of “Moderate Buy” and an average target price of $142.60.

Get Our Latest Report on IPGP

IPG Photonics Stock Down 6.2%

The company has a market cap of $2.95 billion, a P/E ratio of 106.79, a PEG ratio of 1.74 and a beta of 0.97. The company has a 50 day moving average price of $77.52 and a 200-day moving average price of $97.64.

IPG Photonics (NASDAQ:IPGP – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.21. The business had revenue of $278.58 million for the quarter, compared to analysts’ expectations of $279.98 million. IPG Photonics had a net margin of 2.58% and a return on equity of 3.39%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 earnings per share. IPG Photonics has set its Q3 2026 guidance at 0.300-0.600 EPS. On average, research analysts expect that IPG Photonics Corporation will post 1.86 earnings per share for the current fiscal year.

Insider Transactions at IPG Photonics

In other news, Director John R. Peeler purchased 2,710 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average cost of $73.58 per share, with a total value of $199,401.80. Following the purchase, the director owned 20,886 shares in the company, valued at $1,536,791.88. This trade represents a 14.91% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eugene A. Scherbakov sold 3,048 shares of IPG Photonics stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $85.30, for a total value of $259,994.40. Following the transaction, the director owned 45,162 shares in the company, valued at approximately $3,852,318.60. This trade represents a 6.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 104,643 shares of company stock worth $8,992,738 in the last three months. 37.50% of the stock is currently owned by company insiders.

Institutional Trading of IPG Photonics

Several institutional investors have recently modified their holdings of IPGP. BlackRock Inc. bought a new position in IPG Photonics during the second quarter valued at about $334,429,000. State Street Corp raised its position in IPG Photonics by 11.0% in the second quarter. State Street Corp now owns 909,287 shares of the semiconductor company’s stock worth $106,678,000 after acquiring an additional 90,028 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in IPG Photonics by 11.1% in the first quarter. Segall Bryant & Hamill LLC now owns 469,471 shares of the semiconductor company’s stock worth $53,797,000 after acquiring an additional 46,935 shares in the last quarter. Legal & General Group Plc acquired a new stake in IPG Photonics in the 2nd quarter valued at about $35,113,000. Finally, Emerald Advisers LLC lifted its holdings in IPG Photonics by 49.4% in the 1st quarter. Emerald Advisers LLC now owns 304,916 shares of the semiconductor company’s stock valued at $34,940,000 after acquiring an additional 100,866 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Company Profile

(Get Free Report)

IPG Photonics Corporation (NASDAQ:IPGP) develops and manufactures high-performance fiber lasers, laser systems, optical amplifiers and related components. Its product portfolio includes single-mode and multi-mode fiber lasers, pulsed lasers, diode lasers, beam-delivery systems and other specialized photonics products.

The company’s technologies are used primarily for industrial materials processing applications, including cutting, welding, marking, drilling, cladding and additive manufacturing.

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