IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Valentin Gapontsev Trust I sold 9,306 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $75.95, for a total transaction of $706,790.70. Following the completion of the sale, the insider owned 6,642,886 shares in the company, valued at approximately $504,527,191.70. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Valentin Gapontsev Trust I also recently made the following trade(s):
- On Tuesday, September 1st, Valentin Gapontsev Trust I sold 18,091 shares of IPG Photonics stock. The shares were sold at an average price of $75.14, for a total value of $1,359,357.74.
- On Tuesday, July 21st, Valentin Gapontsev Trust I sold 56,316 shares of IPG Photonics stock. The stock was sold at an average price of $102.31, for a total transaction of $5,761,689.96.
IPG Photonics Price Performance
Shares of IPGP traded down $0.02 during mid-day trading on Thursday, reaching $76.46. 359,942 shares of the company’s stock traded hands, compared to its average volume of 525,165. The stock’s 50-day moving average is $91.94 and its two-hundred day moving average is $109.35. IPG Photonics Corporation has a 12 month low of $69.41 and a 12 month high of $155.82. The stock has a market cap of $3.25 billion, a P/E ratio of 117.63, a P/E/G ratio of 1.99 and a beta of 0.98.
Wall Street Analyst Weigh In
Several analysts have issued reports on IPGP shares. Citigroup dropped their target price on IPG Photonics from $150.00 to $137.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Stifel Nicolaus decreased their price objective on IPG Photonics from $165.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Wall Street Zen downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Needham & Company LLC lifted their target price on IPG Photonics from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, Roth Capital reiterated a “buy” rating and issued a $151.00 target price on shares of IPG Photonics in a report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $142.60.
View Our Latest Stock Report on IPG Photonics
Institutional Investors Weigh In On IPG Photonics
Large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its holdings in shares of IPG Photonics by 184.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 295 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of IPG Photonics by 43.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 552 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 166 shares during the last quarter. Global Retirement Partners LLC boosted its stake in IPG Photonics by 428.9% in the 4th quarter. Global Retirement Partners LLC now owns 677 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 549 shares in the last quarter. Hantz Financial Services Inc. increased its stake in IPG Photonics by 332.9% during the 4th quarter. Hantz Financial Services Inc. now owns 684 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 526 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in IPG Photonics during the 2nd quarter valued at approximately $87,000. Hedge funds and other institutional investors own 93.79% of the company’s stock.
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.
Further Reading
- Five stocks we like better than IPG Photonics
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
Receive News & Ratings for IPG Photonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics and related companies with MarketBeat.com's FREE daily email newsletter.
