IPG Photonics Corporation $IPGP Shares Bought by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. significantly increased its stake in IPG Photonics Corporation, acquiring an additional 1,358,428 shares during the first quarter, resulting in total holdings of 1,429,241 shares valued at approximately $90 million.
• Multiple institutional investors have shown interest in IPG Photonics, with 93.79% of its stock currently owned by such investors, indicating strong institutional support.
• Analysts are optimistic about IPG Photonics, with a consensus rating of "Moderate Buy," and Sanford C. Bernstein has raised the stock's target price to $97.00, reflecting positive market sentiment.

Alliancebernstein L.P. lifted its holdings in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 1,918.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,429,241 shares of the semiconductor company's stock after buying an additional 1,358,428 shares during the period. Alliancebernstein L.P. owned approximately 3.36% of IPG Photonics worth $90,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of IPGP. Price T Rowe Associates Inc. MD raised its stake in IPG Photonics by 4.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,732 shares of the semiconductor company's stock worth $1,581,000 after purchasing an additional 959 shares during the period. Northern Trust Corp raised its stake in IPG Photonics by 17.6% during the fourth quarter. Northern Trust Corp now owns 224,959 shares of the semiconductor company's stock worth $16,359,000 after purchasing an additional 33,601 shares during the period. Jane Street Group LLC raised its stake in IPG Photonics by 212.7% during the fourth quarter. Jane Street Group LLC now owns 68,079 shares of the semiconductor company's stock worth $4,951,000 after purchasing an additional 46,308 shares during the period. Ameriprise Financial Inc. raised its stake in IPG Photonics by 65.1% during the fourth quarter. Ameriprise Financial Inc. now owns 298,845 shares of the semiconductor company's stock worth $21,732,000 after purchasing an additional 117,846 shares during the period. Finally, Balyasny Asset Management L.P. raised its stake in IPG Photonics by 98.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 74,577 shares of the semiconductor company's stock worth $5,423,000 after purchasing an additional 37,027 shares during the period. 93.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Sanford C. Bernstein raised shares of IPG Photonics from a "market perform" rating to an "outperform" rating and set a $97.00 target price on the stock in a research note on Thursday, August 7th. Wall Street Zen upgraded shares of IPG Photonics from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, IPG Photonics presently has a consensus rating of "Moderate Buy" and an average target price of $75.00.

Insider Transactions at IPG Photonics

In related news, SVP Trevor Ness sold 1,678 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $82.94, for a total value of $139,173.32. Following the sale, the senior vice president directly owned 42,243 shares of the company's stock, valued at approximately $3,503,634.42. This represents a 3.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeanmarie F. Desmond sold 1,360 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $76.24, for a total transaction of $103,686.40. Following the completion of the sale, the director directly owned 9,740 shares in the company, valued at approximately $742,577.60. The trade was a 12.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.50% of the stock is currently owned by corporate insiders.

IPG Photonics Trading Down 1.6%

Shares of IPGP traded down $1.39 during trading hours on Monday, reaching $82.88. The company had a trading volume of 255,134 shares, compared to its average volume of 211,291. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of -16.91, a PEG ratio of 23.85 and a beta of 0.95. IPG Photonics Corporation has a 12-month low of $48.59 and a 12-month high of $88.50. The firm has a 50 day simple moving average of $77.24 and a 200-day simple moving average of $67.47.

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

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.