Eugene Scherbakov Sells 2,700 Shares of IPG Photonics (NASDAQ:IPGP) Stock

IPG Photonics Corporation (NASDAQ:IPGP) Director Eugene Scherbakov sold 2,700 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $76.03, for a total transaction of $205,281.00. Following the completion of the sale, the director directly owned 64,730 shares of the company’s stock, valued at $4,921,421.90. The trade was a 4.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

IPG Photonics Stock Up 1.2%

NASDAQ IPGP opened at $78.51 on Thursday. The business’s 50-day moving average price is $83.00 and its 200 day moving average price is $76.87. The firm has a market cap of $3.31 billion, a P/E ratio of -16.02, a P/E/G ratio of 23.95 and a beta of 1.04. IPG Photonics Corporation has a 52-week low of $48.59 and a 52-week high of $92.21.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, November 4th. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.19. The company had revenue of $250.79 million during the quarter, compared to analysts’ expectations of $240.18 million. IPG Photonics had a positive return on equity of 2.25% and a negative net margin of 22.77%. IPG Photonics has set its Q4 2025 guidance at 0.050-0.350 EPS. As a group, analysts anticipate that IPG Photonics Corporation will post 1.54 earnings per share for the current year.

Hedge Funds Weigh In On IPG Photonics

Large investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH boosted its holdings in IPG Photonics by 33.3% during the first quarter. Allianz Asset Management GmbH now owns 93,649 shares of the semiconductor company’s stock worth $5,913,000 after buying an additional 23,372 shares in the last quarter. Assetmark Inc. lifted its position in shares of IPG Photonics by 18.1% during the 1st quarter. Assetmark Inc. now owns 1,594 shares of the semiconductor company’s stock valued at $101,000 after acquiring an additional 244 shares during the period. Pacer Advisors Inc. boosted its stake in shares of IPG Photonics by 4,282.2% during the 1st quarter. Pacer Advisors Inc. now owns 175,113 shares of the semiconductor company’s stock worth $11,057,000 after acquiring an additional 171,117 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of IPG Photonics in the 1st quarter worth approximately $257,000. Finally, US Bancorp DE grew its holdings in shares of IPG Photonics by 7.4% in the 1st quarter. US Bancorp DE now owns 7,877 shares of the semiconductor company’s stock worth $497,000 after acquiring an additional 544 shares during the period. Hedge funds and other institutional investors own 93.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on IPGP. Wall Street Zen raised IPG Photonics from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Citigroup upgraded shares of IPG Photonics from a “sell” rating to a “buy” rating and raised their target price for the stock from $68.00 to $105.00 in a research note on Wednesday, November 5th. Sanford C. Bernstein raised shares of IPG Photonics from a “market perform” rating to an “outperform” rating and set a $97.00 target price on the stock in a report on Thursday, August 7th. Roth Capital 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. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of IPG Photonics in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, IPG Photonics currently has a consensus rating of “Moderate Buy” and an average target price of $89.33.

About IPG Photonics

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.