149,268 Shares in IPG Photonics Corporation $IPGP Bought by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 149,268 shares of IPG Photonics in the second quarter, worth approximately $17.5 million, while institutional investors collectively own 93.79% of the company.
• IPG Photonics reported quarterly EPS of $0.58, exceeding estimates of $0.37, while revenue rose 11.1% year over year to $278.58 million. The stock opened at $76.08, well below its 52-week high of $155.82.
• Analysts maintain a generally positive view, with five Buy, two Hold, and one Sell rating and a consensus price target of $142.60; however, several firms recently lowered their price targets.

Bank of New York Mellon Corp acquired a new position in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 149,268 shares of the semiconductor company's stock, valued at approximately $17,512,000. Bank of New York Mellon Corp owned approximately 0.35% of IPG Photonics as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Legal & General Group Plc increased its holdings in shares of IPG Photonics by 8.5% in the 4th quarter. Legal & General Group Plc now owns 199,766 shares of the semiconductor company's stock valued at $14,303,000 after purchasing an additional 15,670 shares in the last quarter. Intech Investment Management LLC acquired a new position in IPG Photonics during the fourth quarter worth about $6,376,000. First Eagle Investment Management LLC grew its position in IPG Photonics by 0.3% during the fourth quarter. First Eagle Investment Management LLC now owns 4,487,103 shares of the semiconductor company's stock worth $321,277,000 after buying an additional 12,344 shares during the period. Renaissance Technologies LLC increased its holdings in IPG Photonics by 173.8% in the first quarter. Renaissance Technologies LLC now owns 85,700 shares of the semiconductor company's stock valued at $9,820,000 after buying an additional 54,400 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in IPG Photonics by 445.9% in the first quarter. Sei Investments Co. now owns 192,688 shares of the semiconductor company's stock valued at $22,080,000 after buying an additional 157,392 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company's stock.

Insider Buying and Selling at IPG Photonics

In other IPG Photonics news, Director Eugene A. Scherbakov sold 1,524 shares of IPG Photonics stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $86.61, for a total value of $131,993.64. Following the completion of the sale, the director directly owned 48,210 shares of the company's stock, valued at approximately $4,175,468.10. The trade was a 3.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Valentin Gapontsev Trust I sold 56,316 shares of the business's stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $102.31, for a total value of $5,761,689.96. Following the completion of the transaction, the insider owned 6,670,283 shares of the company's stock, valued at $682,436,653.73. This trade represents a 0.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 183,888 shares of company stock valued at $18,254,751. 37.50% of the stock is owned by corporate insiders.

IPG Photonics Stock Down 0.6%

NASDAQ IPGP opened at $76.08 on Tuesday. IPG Photonics Corporation has a fifty-two week low of $69.41 and a fifty-two week high of $155.82. The business has a fifty day moving average of $93.21 and a 200-day moving average of $110.12. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 117.05, a price-to-earnings-growth ratio of 2.03 and a beta of 0.96.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.21. IPG Photonics had a return on equity of 3.39% and a net margin of 2.58%.The firm had revenue of $278.58 million during the quarter, compared to analysts' expectations of $279.98 million. During the same quarter last year, the business posted $0.16 EPS. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. IPG Photonics has set its Q3 2026 guidance at 0.300-0.600 EPS. As a group, analysts anticipate that IPG Photonics Corporation will post 1.82 EPS for the current year.

Analysts Set New Price Targets

IPGP has been the topic of several research analyst reports. Citigroup decreased their price target on IPG Photonics from $150.00 to $137.00 and set a "buy" rating on the stock in a research note on Tuesday, August 11th. Wall Street Zen downgraded IPG Photonics from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Stifel Nicolaus reduced their price objective on IPG Photonics from $165.00 to $125.00 and set a "buy" rating for the company in a report on Wednesday, May 6th. Weiss Ratings reiterated a "sell (d+)" rating on shares of IPG Photonics in a research report on Wednesday, June 24th. Finally, Roth Capital reissued a "buy" rating and issued a $151.00 target price on shares of IPG Photonics in a report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, IPG Photonics has an average rating of "Moderate Buy" and a consensus target price of $142.60.

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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