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

Key Points

• Director Eugene Scherbakov sold 2,700 shares of IPG Photonics stock at an average price of $87.64, reducing his ownership by 3.85% to 67,430 shares.
• IPG Photonics reported $0.30 EPS for the last quarter, exceeding analyst expectations, but its revenue was down 2.7% year-over-year.
• Recent upgrades from analysts include a $96.00 price target from Roth Capital and a retirement upgrade from market perform to outperform by Sanford C. Bernstein.

IPG Photonics Corporation (NASDAQ:IPGP - Get Free Report) Director Eugene Scherbakov sold 2,700 shares of the company's stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $87.64, for a total value of $236,628.00. Following the sale, the director directly owned 67,430 shares in the company, valued at $5,909,565.20. This trade represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

IPG Photonics Stock Performance

Shares of IPGP traded up $0.86 during mid-day trading on Tuesday, hitting $88.06. 186,594 shares of the stock were exchanged, compared to its average volume of 285,860. The company has a market cap of $3.72 billion, a PE ratio of -17.97, a price-to-earnings-growth ratio of 23.51 and a beta of 0.98. IPG Photonics Corporation has a 52-week low of $48.59 and a 52-week high of $90.29. The firm has a 50-day moving average of $81.91 and a two-hundred day moving average of $71.78.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.20. The business had revenue of $250.72 million for the quarter, compared to analysts' expectations of $228.20 million. IPG Photonics had a positive return on equity of 2.25% and a negative net margin of 22.77%.The company's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. On average, sell-side analysts predict that IPG Photonics Corporation will post 1.54 EPS for the current year.

Institutional Trading of IPG Photonics

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC increased its stake in IPG Photonics by 81.3% in the second quarter. Lazard Asset Management LLC now owns 1,899,461 shares of the semiconductor company's stock worth $130,397,000 after purchasing an additional 851,869 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in IPG Photonics by 85.8% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,774,660 shares of the semiconductor company's stock worth $121,830,000 after purchasing an additional 819,575 shares during the period. Alliancebernstein L.P. increased its stake in IPG Photonics by 1,918.3% in the first quarter. Alliancebernstein L.P. now owns 1,429,241 shares of the semiconductor company's stock worth $90,242,000 after purchasing an additional 1,358,428 shares during the period. AQR Capital Management LLC increased its stake in IPG Photonics by 53.7% in the second quarter. AQR Capital Management LLC now owns 978,577 shares of the semiconductor company's stock worth $67,101,000 after purchasing an additional 341,773 shares during the period. Finally, M&G PLC increased its stake in IPG Photonics by 263.9% in the second quarter. M&G PLC now owns 600,020 shares of the semiconductor company's stock worth $41,401,000 after purchasing an additional 435,122 shares during the period. Hedge funds and other institutional investors own 93.79% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IPGP. Roth Capital set a $96.00 price objective on IPG Photonics and gave the stock a "buy" rating in a report on Monday, October 6th. Sanford C. Bernstein upgraded IPG Photonics from a "market perform" rating to an "outperform" rating and set a $97.00 price target on the stock in a report on Thursday, August 7th. Wall Street Zen upgraded IPG Photonics from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of IPG Photonics in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $78.50.

IPG Photonics Company Profile

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.

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