Fred Alger Management LLC Acquires New Holdings in IPG Photonics Corporation $IPGP

Key Points

• Fred Alger Management LLC acquired a new stake of 4,082 shares in IPG Photonics Corporation, valued at approximately $258,000, during the first quarter.
• IPG Photonics reported quarterly earnings of $0.30 EPS, surpassing expectations, with revenue of $250.72 million, though down 2.7% year-over-year.
• Institutional investors own 93.79% of IPG Photonics' stock, reflecting strong interest from hedge funds and financial firms.

Fred Alger Management LLC acquired a new stake in shares of IPG Photonics Corporation (NASDAQ:IPGP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,082 shares of the semiconductor company's stock, valued at approximately $258,000.

Several other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in IPG Photonics by 4.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,274 shares of the semiconductor company's stock valued at $311,000 after acquiring an additional 194 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in IPG Photonics by 4.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,408 shares of the semiconductor company's stock worth $341,000 after buying an additional 236 shares in the last quarter. Assetmark Inc. grew its stake in IPG Photonics by 18.1% in the 1st quarter. Assetmark Inc. now owns 1,594 shares of the semiconductor company's stock worth $101,000 after buying an additional 244 shares in the last quarter. UMB Bank n.a. grew its stake in IPG Photonics by 107.5% in the 1st quarter. UMB Bank n.a. now owns 635 shares of the semiconductor company's stock worth $40,000 after buying an additional 329 shares in the last quarter. Finally, US Bancorp DE grew its stake in IPG Photonics by 7.4% in the 1st quarter. US Bancorp DE now owns 7,877 shares of the semiconductor company's stock worth $497,000 after buying an additional 544 shares in the last quarter. Hedge funds and other institutional investors own 93.79% of the company's stock.

IPG Photonics Stock Performance

Shares of IPG Photonics stock opened at $81.58 on Thursday. IPG Photonics Corporation has a 52-week low of $48.59 and a 52-week high of $88.50. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of -16.65, a price-to-earnings-growth ratio of 23.18 and a beta of 0.95. The company has a fifty day moving average of $77.62 and a 200-day moving average of $67.67.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.20. The company had revenue of $250.72 million during 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 quarter in the prior year, the company earned $0.45 EPS. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. On average, equities research analysts forecast that IPG Photonics Corporation will post 1.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at IPG Photonics

In other news, Director Jeanmarie F. Desmond sold 1,360 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $76.24, for a total value of $103,686.40. Following the completion of the sale, the director directly owned 9,740 shares of the company's stock, valued at approximately $742,577.60. This trade represents a 12.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Trevor Ness sold 1,678 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $82.94, for a total transaction of $139,173.32. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 39.50% of the company's stock.

About IPG Photonics

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.

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