SG Americas Securities LLC bought a new stake in IPG Photonics Corporation (NASDAQ:IPGP – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,378 shares of the semiconductor company’s stock, valued at approximately $584,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of IPGP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 acquiring an additional 6,741 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in IPG Photonics by 0.9% during 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 worth $5,523,000 after acquiring an additional 744 shares during the last quarter. Jane Street Group LLC increased its holdings in IPG Photonics by 79.4% in the 1st quarter. Jane Street Group LLC now owns 122,105 shares of the semiconductor company’s stock worth $7,710,000 after purchasing an additional 54,026 shares in the last quarter. Parallel Advisors LLC raised its position in IPG Photonics by 853.9% in the second quarter. Parallel Advisors LLC now owns 1,097 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 982 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of IPG Photonics by 30.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,388 shares of the semiconductor company’s stock valued at $1,207,000 after purchasing an additional 3,820 shares in the last quarter. Institutional investors own 93.79% of the company’s stock.
IPG Photonics Stock Performance
NASDAQ:IPGP opened at $86.51 on Friday. IPG Photonics Corporation has a 52 week low of $48.59 and a 52 week high of $92.21. The firm’s fifty day moving average is $77.85 and its 200-day moving average is $79.82. The firm has a market cap of $3.64 billion, a P/E ratio of 141.82, a P/E/G ratio of 10.80 and a beta of 1.01.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Benchmark reaffirmed a “hold” rating on shares of IPG Photonics in a research note on Wednesday, December 10th. Stifel Nicolaus set a $92.00 price target on shares of IPG Photonics in a research report on Tuesday, November 4th. Roth Mkm set a $96.00 price target on shares of IPG Photonics and gave the stock a “buy” rating in a report on Monday, October 6th. Citigroup raised shares of IPG Photonics from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $68.00 to $105.00 in a research note on Wednesday, November 5th. Finally, Zacks Research upgraded IPG Photonics from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 15th. Two equities 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.33.
View Our Latest Stock Report on IPGP
Insider Transactions at IPG Photonics
In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 47,901 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $76.13, for a total value of $3,646,703.13. Following the transaction, the insider directly owned 6,926,099 shares of the company’s stock, valued at approximately $527,283,916.87. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Fibre Devices Ltd Ip sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $76.36, for a total transaction of $2,672,600.00. Following the sale, the insider directly owned 6,721,503 shares of the company’s stock, valued at approximately $513,253,969.08. This trade represents a 0.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 470,913 shares of company stock worth $36,230,775 over the last three months. 39.50% of the stock is owned by company 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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