IPG Photonics (NASDAQ:IPGP) Major Shareholder Sells $2,873,500.00 in Stock

Key Points

• Fibre Devices Ltd Ip has sold a total of 35,000 shares of IPG Photonics at an average price of $82.10, totaling approximately $2.87 million.
• Post-sale, Fibre Devices Ltd Ip holds 6,849,837 shares of IPG Photonics, with a valuation of about $562.37 million, indicating a 0.51% decrease in their holdings.
• IPG Photonics reported a quarterly earnings per share (EPS) of $0.30, exceeding analysts' expectations, but the company's revenue declined by 2.7% year-over-year.

IPG Photonics Corporation (NASDAQ:IPGP - Get Free Report) major shareholder Fibre Devices Ltd Ip sold 35,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $82.10, for a total value of $2,873,500.00. Following the completion of the sale, the insider directly owned 6,849,837 shares of the company's stock, valued at approximately $562,371,617.70. This represents a 0.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Friday, September 19th, Fibre Devices Ltd Ip sold 29,167 shares of IPG Photonics stock. The stock was sold at an average price of $81.49, for a total value of $2,376,818.83.

IPG Photonics Price Performance

NASDAQ IPGP traded up $0.26 during trading on Tuesday, hitting $81.62. The company's stock had a trading volume of 107,574 shares, compared to its average volume of 293,783. The company has a market cap of $3.45 billion, a PE ratio of -16.66, a P/E/G ratio of 22.57 and a beta of 0.95. The business's 50 day simple moving average is $78.86 and its 200-day simple moving average is $68.93. IPG Photonics Corporation has a fifty-two week low of $48.59 and a fifty-two week high of $88.50.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.20. The business had revenue of $250.72 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. Analysts expect that IPG Photonics Corporation will post 1.54 EPS for the current fiscal year.

Analysts Set New Price Targets

IPGP has been the subject of a number of research reports. Wall Street Zen raised IPG Photonics from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Sanford C. Bernstein raised IPG Photonics from a "market perform" rating to an "outperform" rating and set a $97.00 target price for the company in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IPGP. Millennium Management LLC increased its position in shares of IPG Photonics by 98.1% in the fourth quarter. Millennium Management LLC now owns 41,669 shares of the semiconductor company's stock valued at $3,030,000 after buying an additional 20,639 shares in the last quarter. Tidal Investments LLC increased its position in shares of IPG Photonics by 53.9% in the fourth quarter. Tidal Investments LLC now owns 14,765 shares of the semiconductor company's stock valued at $1,074,000 after buying an additional 5,173 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of IPG Photonics by 10.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 86,725 shares of the semiconductor company's stock valued at $6,307,000 after buying an additional 8,041 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of IPG Photonics by 4.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,274 shares of the semiconductor company's stock valued at $311,000 after buying an additional 194 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of IPG Photonics by 90.7% in the first quarter. Versant Capital Management Inc now owns 1,819 shares of the semiconductor company's stock valued at $115,000 after buying an additional 865 shares in the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

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.