77,500 Shares in IPG Photonics Corporation $IPGP Bought by Westport Asset Management Inc.

Key Points

• Westport Asset Management acquired 77,500 shares of IPG Photonics in the second quarter, worth approximately $9.1 million and representing 3.7% of its portfolio. Institutional investors collectively own 93.79% of the company.
• Analyst sentiment remains positive but mixed, with IPG Photonics carrying a consensus “Moderate Buy” rating and an average price target of $142.60. Recent targets range from $120 to $137, while some firms downgraded the stock to “Hold.”
• IPG Photonics shares opened at $76.57 after a 5.8% decline, well below their 50-day and 200-day moving averages. The company beat quarterly EPS expectations, reporting $0.58 versus estimates of $0.37, while revenue increased 11.1% year over year.

Westport Asset Management Inc. acquired a new stake in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 77,500 shares of the semiconductor company's stock, valued at approximately $9,092,000. IPG Photonics accounts for 3.7% of Westport Asset Management Inc.'s investment portfolio, making the stock its 6th largest position. Westport Asset Management Inc. owned about 0.18% of IPG Photonics at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. First Eagle Investment Management LLC grew its position in shares of IPG Photonics by 0.3% in the 4th quarter. First Eagle Investment Management LLC now owns 4,487,103 shares of the semiconductor company's stock valued at $321,277,000 after buying an additional 12,344 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of IPG Photonics in the second quarter valued at about $334,429,000. Dimensional Fund Advisors LP raised its position in shares of IPG Photonics by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,815,042 shares of the semiconductor company's stock worth $129,960,000 after acquiring an additional 59,178 shares during the last quarter. AQR Capital Management LLC raised its position in shares of IPG Photonics by 53.7% during the second quarter. AQR Capital Management LLC now owns 978,577 shares of the semiconductor company's stock worth $67,101,000 after acquiring an additional 341,773 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of IPG Photonics by 1.7% in the fourth quarter. State Street Corp now owns 805,435 shares of the semiconductor company's stock worth $57,669,000 after acquiring an additional 13,092 shares during the period. 93.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on IPGP shares. Needham & Company LLC upped their target price on IPG Photonics from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, July 17th. Wall Street Zen lowered shares of IPG Photonics from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Citigroup dropped their price target on shares of IPG Photonics from $150.00 to $137.00 and set a "buy" rating on the stock in a research report on Tuesday, August 11th. Stifel Nicolaus reduced their price objective on shares of IPG Photonics from $165.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday, May 6th. Finally, Zacks Research cut shares of IPG Photonics from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, IPG Photonics has a consensus rating of "Moderate Buy" and an average price target of $142.60.

IPG Photonics Trading Down 5.8%

Shares of NASDAQ IPGP opened at $76.57 on Thursday. The firm's 50-day moving average price is $99.90 and its 200-day moving average price is $111.69. IPG Photonics Corporation has a 1-year low of $71.38 and a 1-year high of $155.82. The firm has a market capitalization of $3.26 billion, a P/E ratio of 117.80, a P/E/G ratio of 2.20 and a beta of 0.96.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its earnings results on Tuesday, August 4th. The semiconductor company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.37 by $0.21. IPG Photonics had a return on equity of 3.39% and a net margin of 2.58%.The company had revenue of $278.58 million during the quarter, compared to the consensus estimate of $279.98 million. During the same period last year, the business posted $0.16 EPS. The firm's revenue for the quarter 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. Equities research analysts forecast that IPG Photonics Corporation will post 1.78 EPS for the current year.

Insiders Place Their Bets

In other IPG Photonics news, CFO Timothy Pv Mammen sold 9,975 shares of the firm's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $119.81, for a total value of $1,195,104.75. Following the completion of the sale, the chief financial officer owned 76,438 shares of the company's stock, valued at approximately $9,158,036.78. This trade represents a 11.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Eugene A. Scherbakov sold 1,524 shares of the business's 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 sale, the director owned 48,210 shares of the company's stock, valued at approximately $4,175,468.10. This represents a 3.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 193,863 shares of company stock valued at $19,449,856. 37.50% of the stock is currently owned by corporate insiders.

IPG Photonics 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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