Man Group plc bought a new position in IPG Photonics Corporation (NASDAQ:IPGP – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,566 shares of the semiconductor company’s stock, valued at approximately $1,826,000.
A number of other institutional investors have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of IPG Photonics by 184.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 295 shares during the period. Rockefeller Capital Management L.P. increased its holdings in IPG Photonics by 43.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 552 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 166 shares during the period. Global Retirement Partners LLC raised its position in IPG Photonics by 428.9% during the 4th quarter. Global Retirement Partners LLC now owns 677 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 549 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of IPG Photonics by 332.9% in the 4th quarter. Hantz Financial Services Inc. now owns 684 shares of the semiconductor company’s stock worth $49,000 after buying an additional 526 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of IPG Photonics by 348.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 744 shares of the semiconductor company’s stock worth $51,000 after buying an additional 578 shares in the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.
IPG Photonics Price Performance
Shares of IPGP stock opened at $75.20 on Wednesday. IPG Photonics Corporation has a 1-year low of $69.41 and a 1-year high of $155.82. The stock’s 50-day moving average is $92.56 and its 200 day moving average is $109.87. The company has a market cap of $3.20 billion, a P/E ratio of 115.69, a PEG ratio of 2.02 and a beta of 0.98.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of IPG Photonics in a research note on Wednesday, June 24th. Roth Capital reiterated a “buy” rating and set a $151.00 target price on shares of IPG Photonics in a report on Tuesday, May 19th. Citigroup reduced their price target on shares of IPG Photonics from $150.00 to $137.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Wall Street Zen cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Stifel Nicolaus dropped their price objective on shares of IPG Photonics from $165.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $142.60.
View Our Latest Stock Report on IPG Photonics
Insider Transactions at IPG Photonics
In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 56,316 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $102.31, for a total value of $5,761,689.96. Following the completion of the sale, the insider directly owned 6,670,283 shares in the company, valued at $682,436,653.73. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Peeler purchased 2,710 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average cost of $73.58 per share, for a total transaction of $199,401.80. Following the completion of the acquisition, the director directly owned 20,886 shares of the company’s stock, valued at approximately $1,536,791.88. The trade was a 14.91% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 183,888 shares of company stock worth $18,254,751. 37.50% of the stock is owned by corporate insiders.
IPG Photonics 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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