Assenagon Asset Management S.A. Invests $2.50 Million in IPG Photonics Corporation $IPGP

Key Points

• Assenagon Asset Management purchased 21,276 shares of IPG Photonics in the second quarter, worth approximately $2.5 million. Institutional investors collectively own 93.79% of the company.
• IPG Photonics reported quarterly EPS of $0.58, exceeding the $0.37 consensus estimate, while revenue rose 11.1% year over year to $278.58 million. The stock opened at $83.94, down sharply from its 52-week high of $155.82.
• Analysts maintain a consensus “Moderate Buy” rating with a $142.60 price target, although several firms recently lowered targets. Insiders sold about $19.45 million worth of shares over the past quarter.

Assenagon Asset Management S.A. bought a new position in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,276 shares of the semiconductor company's stock, valued at approximately $2,496,000. Assenagon Asset Management S.A. owned approximately 0.05% of IPG Photonics as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its holdings in shares of IPG Photonics by 2.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,139 shares of the semiconductor company's stock worth $589,000 after acquiring an additional 100 shares in the last quarter. State of Michigan Retirement System raised its position in IPG Photonics by 1.7% during the first quarter. State of Michigan Retirement System now owns 6,100 shares of the semiconductor company's stock valued at $699,000 after purchasing an additional 100 shares during the period. Assetmark Inc. raised its holdings in IPG Photonics by 6.8% during the 4th quarter. Assetmark Inc. now owns 1,820 shares of the semiconductor company's stock valued at $130,000 after buying an additional 116 shares during the period. Deutsche Bank AG lifted its position in IPG Photonics by 6.1% in the fourth quarter. Deutsche Bank AG now owns 2,214 shares of the semiconductor company's stock worth $159,000 after buying an additional 128 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in IPG Photonics by 17.0% in the first quarter. EverSource Wealth Advisors LLC now owns 915 shares of the semiconductor company's stock worth $105,000 after buying an additional 133 shares during the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

IPG Photonics Stock Down 3.9%

IPGP opened at $83.94 on Friday. The company has a market cap of $3.57 billion, a P/E ratio of 129.14, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. The firm's 50-day moving average price is $101.85 and its 200-day moving average price is $111.91. IPG Photonics Corporation has a 52-week low of $71.38 and a 52-week high of $155.82.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its earnings results on Tuesday, August 4th. The semiconductor company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.21. IPG Photonics had a net margin of 2.58% and a return on equity of 3.39%. The company had revenue of $278.58 million for the quarter, compared to the consensus estimate of $279.98 million. During the same quarter in the previous year, the firm earned $0.16 EPS. IPG Photonics's 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. On average, research analysts anticipate that IPG Photonics Corporation will post 1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on IPGP. Wall Street Zen downgraded IPG Photonics from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of IPG Photonics in a research report on Wednesday, June 24th. Roth Capital reiterated a "buy" rating and issued a $151.00 target price on shares of IPG Photonics in a research note on Tuesday, May 19th. Stifel Nicolaus reduced their target price on shares of IPG Photonics from $165.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, May 6th. Finally, Citigroup cut their target price 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. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.60.

Insider Activity

In other news, major shareholder Valentin Gapontsev Trust I sold 56,316 shares of the business's stock in a transaction dated Tuesday, July 21st. The stock was 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. The trade was a 0.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eugene A. Scherbakov sold 1,524 shares of the company's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $86.61, for a total value of $131,993.64. Following the completion of the sale, the director owned 48,210 shares in the company, valued at $4,175,468.10. The trade was a 3.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 193,863 shares of company stock valued at $19,449,856 over the last quarter. Insiders own 37.50% of the company's stock.

About IPG Photonics

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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