Bank of America Corp DE Buys 39,671 Shares of IPG Photonics Corporation $IPGP

Key Points

• Bank of America increased its IPG Photonics stake by 18.1% in the first quarter, purchasing 39,671 additional shares and bringing its total holdings to 258,600 shares valued at approximately $29.6 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 $278.6 million. Shares recently traded at $85.79, well below the average analyst price target of $142.60.
• Analyst sentiment remains mixed but leans positive, with five Buy, two Hold, and one Sell rating; the overall consensus is “Moderate Buy.” Meanwhile, company insiders sold approximately $19.45 million of shares during the latest quarter.

Bank of America Corp DE increased its stake in shares of IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 18.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 258,600 shares of the semiconductor company's stock after purchasing an additional 39,671 shares during the quarter. Bank of America Corp DE owned 0.61% of IPG Photonics worth $29,633,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of IPG Photonics by 184.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 295 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in IPG Photonics by 43.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 552 shares of the semiconductor company's stock valued at $40,000 after buying an additional 166 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in IPG Photonics by 428.9% during the 4th quarter. Global Retirement Partners LLC now owns 677 shares of the semiconductor company's stock valued at $48,000 after buying an additional 549 shares in the last quarter. Hantz Financial Services Inc. boosted its position in IPG Photonics by 332.9% in the 4th quarter. Hantz Financial Services Inc. now owns 684 shares of the semiconductor company's stock valued at $49,000 after buying an additional 526 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in IPG Photonics by 348.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 744 shares of the semiconductor company's stock valued at $51,000 after buying an additional 578 shares during the period. Hedge funds and other institutional investors own 93.79% of the company's stock.

IPG Photonics Trading Up 2.2%

Shares of NASDAQ:IPGP opened at $85.79 on Friday. IPG Photonics Corporation has a 12-month low of $71.38 and a 12-month high of $155.82. The business's fifty day simple moving average is $101.42 and its 200-day simple moving average is $111.73. The company has a market capitalization of $3.65 billion, a PE ratio of 131.99, a P/E/G ratio of 2.32 and a beta of 0.96.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its quarterly 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 net margin of 2.58% and a return on equity of 3.39%. The business had revenue of $278.58 million during the quarter, compared to analyst estimates of $279.98 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The company's quarterly revenue was up 11.1% on a year-over-year basis. IPG Photonics has set its Q3 2026 guidance at 0.300-0.600 EPS. Research analysts predict that IPG Photonics Corporation will post 1.78 EPS for the current year.

Insider Buying and Selling

In other news, CFO Timothy Pv Mammen sold 9,975 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $119.81, for a total transaction of $1,195,104.75. Following the completion of the sale, the chief financial officer owned 76,438 shares in the company, valued at approximately $9,158,036.78. This represents a 11.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tang Agnes sold 1,511 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $117.85, for a total value of $178,071.35. Following the sale, the director owned 9,588 shares of the company's stock, valued at approximately $1,129,945.80. This represents a 13.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 193,863 shares of company stock valued at $19,449,856 over the last quarter. Insiders own 37.50% of the company's stock.

Wall Street Analysts Forecast Growth

IPGP has been the topic of a number of research reports. Needham & Company LLC raised their target price on shares of IPG Photonics from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, July 17th. Zacks Research cut IPG Photonics from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Wall Street Zen downgraded IPG Photonics from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Stifel Nicolaus decreased their target price on IPG Photonics from $165.00 to $125.00 and set a "buy" rating for the company in a research report on Wednesday, May 6th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of IPG Photonics in a research report on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $142.60.

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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