Fibre Devices Ltd Ip Sells 16,559 Shares of IPG Photonics (NASDAQ:IPGP) Stock

Key Points

• Fibre Devices Ltd Ip sold 16,559 shares of IPG Photonics on October 17th for approximately $1.4 million, reducing their ownership by 0.24%.
• The stock price of IPG Photonics rose to $88.06 during midday trading, with a market capitalization of $3.72 billion.
• Recent quarterly earnings revealed IPG Photonics reported $0.30 EPS, surpassing estimates, despite a 2.7% decline in revenue year-over-year.

IPG Photonics Corporation (NASDAQ:IPGP - Get Free Report) major shareholder Fibre Devices Ltd Ip sold 16,559 shares of the stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $84.68, for a total transaction of $1,402,216.12. Following the transaction, the insider directly owned 6,833,278 shares of the company's stock, valued at approximately $578,641,981.04. This trade represents a 0.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Fibre Devices Ltd Ip also recently made the following trade(s):

• On Tuesday, October 21st, Fibre Devices Ltd Ip sold 23,966 shares of IPG Photonics stock. The stock was sold at an average price of $87.92, for a total transaction of $2,107,090.72.
• On Monday, October 20th, Fibre Devices Ltd Ip sold 23,642 shares of IPG Photonics stock. The stock was sold at an average price of $87.70, for a total transaction of $2,073,403.40.
• On Monday, September 22nd, Fibre Devices Ltd Ip sold 35,000 shares of IPG Photonics stock. The stock was sold at an average price of $82.10, for a total transaction of $2,873,500.00.
• On Friday, September 19th, Fibre Devices Ltd Ip sold 29,167 shares of IPG Photonics stock. The shares were sold at an average price of $81.49, for a total transaction of $2,376,818.83.

IPG Photonics Price Performance

Shares of NASDAQ IPGP traded up $0.86 during midday trading on Tuesday, hitting $88.06. The company's stock had a trading volume of 186,594 shares, compared to its average volume of 285,860. The business's fifty day simple moving average is $81.91 and its two-hundred day simple moving average is $71.78. IPG Photonics Corporation has a 1 year low of $48.59 and a 1 year high of $90.29. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of -17.97, a price-to-earnings-growth ratio of 23.51 and a beta of 0.98.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.10 by $0.20. IPG Photonics had a negative net margin of 22.77% and a positive return on equity of 2.25%. The business had revenue of $250.72 million during the quarter, compared to analyst estimates of $228.20 million. During the same quarter last year, the firm posted $0.45 earnings per share. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. Analysts anticipate that IPG Photonics Corporation will post 1.54 EPS for the current fiscal year.

Institutional Trading of IPG Photonics

Institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. raised its position in IPG Photonics by 126.6% in the 1st quarter. American Century Companies Inc. now owns 212,693 shares of the semiconductor company's stock valued at $13,429,000 after purchasing an additional 118,827 shares during the last quarter. Deutsche Bank AG raised its position in IPG Photonics by 699.2% in the 1st quarter. Deutsche Bank AG now owns 57,964 shares of the semiconductor company's stock valued at $3,660,000 after purchasing an additional 50,711 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in IPG Photonics by 194.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,568 shares of the semiconductor company's stock valued at $794,000 after purchasing an additional 8,294 shares during the last quarter. Retirement Systems of Alabama raised its position in IPG Photonics by 20.5% in the 1st quarter. Retirement Systems of Alabama now owns 215,573 shares of the semiconductor company's stock valued at $13,611,000 after purchasing an additional 36,648 shares during the last quarter. Finally, Jump Financial LLC raised its position in IPG Photonics by 62.6% in the 1st quarter. Jump Financial LLC now owns 58,612 shares of the semiconductor company's stock valued at $3,701,000 after purchasing an additional 22,573 shares during the last quarter. Hedge funds and other institutional investors own 93.79% of the company's stock.

Analysts Set New Price Targets

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

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.

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