IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Valentin Gapontsev Trust I sold 18,091 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $75.14, for a total transaction of $1,359,357.74. Following the completion of the sale, the insider owned 6,652,192 shares in the company, valued at approximately $499,845,706.88. This trade represents a 0.27% 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 Wednesday, September 2nd, Valentin Gapontsev Trust I sold 9,306 shares of IPG Photonics stock. The shares were sold at an average price of $75.95, for a total transaction of $706,790.70.
- 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 value of $5,761,689.96.
IPG Photonics Price Performance
Shares of NASDAQ IPGP opened at $78.00 on Friday. IPG Photonics Corporation has a 1-year low of $69.41 and a 1-year high of $155.82. The business’s 50 day moving average is $90.68 and its two-hundred day moving average is $108.59. The stock has a market capitalization of $3.32 billion, a P/E ratio of 120.00, a PEG ratio of 2.03 and a beta of 0.98.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on IPGP shares. Wall Street Zen downgraded shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup cut their price target on shares of IPG Photonics from $150.00 to $137.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Needham & Company LLC raised their price objective on shares of IPG Photonics from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Weiss Ratings restated a “sell (d+)” rating on shares of IPG Photonics in a research report on Wednesday, June 24th. Finally, Roth Capital reaffirmed a “buy” rating and set a $151.00 target price on shares of IPG Photonics in a research note on Tuesday, May 19th. Five analysts have rated the stock with 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 has a consensus rating of “Moderate Buy” and an average price target of $142.60.
Get Our Latest Research Report on IPG Photonics
Institutional Investors Weigh In On IPG Photonics
Large investors have recently modified their holdings of the business. California State Teachers Retirement System increased its holdings in shares of IPG Photonics by 12,027.2% in the 2nd quarter. California State Teachers Retirement System now owns 3,607,121 shares of the semiconductor company’s stock valued at $423,187,000 after acquiring an additional 3,577,377 shares during the period. BlackRock Inc. purchased a new position in IPG Photonics in the second quarter valued at about $334,429,000. Segall Bryant & Hamill LLC bought a new stake in shares of IPG Photonics in the 4th quarter valued at about $30,254,000. AQR Capital Management LLC boosted its holdings in shares of IPG Photonics by 53.7% in the 2nd quarter. AQR Capital Management LLC now owns 978,577 shares of the semiconductor company’s stock valued at $67,101,000 after buying an additional 341,773 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of IPG Photonics in the 2nd quarter worth approximately $35,113,000. Institutional investors own 93.79% of the company’s stock.
IPG Photonics Company 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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