IPG Photonics (NASDAQ:IPGP) Director Eugene Scherbakov Sells 3,048 Shares of Company Stock

IPG Photonics Corporation (NASDAQ:IPGP) Director Eugene Scherbakov sold 3,048 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $85.30, for a total transaction of $259,994.40. Following the sale, the director owned 45,162 shares in the company, valued at $3,852,318.60. This trade represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

IPG Photonics Price Performance

IPGP traded up $0.09 during trading on Tuesday, reaching $83.69. The company had a trading volume of 294,496 shares, compared to its average volume of 512,686. The company has a market cap of $3.56 billion, a P/E ratio of 128.76, a PEG ratio of 2.02 and a beta of 0.97. IPG Photonics Corporation has a 12 month low of $69.41 and a 12 month high of $155.82. The business’s fifty day moving average price is $80.16 and its 200 day moving average price is $101.18.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.21. IPG Photonics had a net margin of 2.58% and a return on equity of 3.39%. The company had revenue of $278.58 million during the quarter, compared to the consensus estimate of $279.98 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. IPG Photonics has set its Q3 2026 guidance at 0.300-0.600 EPS. As a group, sell-side analysts predict that IPG Photonics Corporation will post 1.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IPGP has been the topic of a number of research reports. Citigroup cut their price target on IPG Photonics from $150.00 to $137.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of IPG Photonics in a report on Monday, September 21st. Finally, 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 report on Friday, July 17th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, IPG Photonics currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.60.

Institutional Inflows and Outflows

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

About IPG Photonics

IPG Photonics Corporation (NASDAQ: IPGP) develops and manufactures high-performance fiber lasers and related optical systems. Its products include fiber, diode, solid-state, ultrafast and pulsed lasers, as well as optical amplifiers, beam-delivery systems and other components used in industrial and specialized applications.

The company’s laser technologies are used for materials processing, including cutting, welding, marking, engraving, drilling, cladding and additive manufacturing. IPG Photonics also supplies systems and solutions for applications in communications, medical technology, scientific research, entertainment and other markets that require precision light sources.

Founded in 1990 by physicist Valentin Gapontsev, IPG Photonics is headquartered in Oxford, Massachusetts.