Fred Alger Management LLC Acquires Shares of 4,082 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 purchased a new stake in shares of IPG Photonics Corporation (NASDAQ:IPGP - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,082 shares of the semiconductor company's stock, valued at approximately $258,000.

A number of other large investors have also made changes to their positions in the business. Merit Financial Group LLC purchased a new position in shares of IPG Photonics during the first quarter worth $343,000. American Century Companies Inc. boosted its holdings in shares of IPG Photonics by 126.6% during the 1st quarter. American Century Companies Inc. now owns 212,693 shares of the semiconductor company's stock worth $13,429,000 after purchasing an additional 118,827 shares during the last quarter. Deutsche Bank AG increased its position in IPG Photonics by 699.2% during the first quarter. Deutsche Bank AG now owns 57,964 shares of the semiconductor company's stock worth $3,660,000 after purchasing an additional 50,711 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of IPG Photonics by 194.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,568 shares of the semiconductor company's stock valued at $794,000 after purchasing an additional 8,294 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of IPG Photonics by 20.5% during the 1st quarter. Retirement Systems of Alabama now owns 215,573 shares of the semiconductor company's stock worth $13,611,000 after purchasing an additional 36,648 shares during the period. 93.79% of the stock is owned by institutional investors and hedge funds.

IPG Photonics Trading Up 1.7%

NASDAQ IPGP traded up $1.38 during mid-day trading on Tuesday, reaching $81.72. 259,707 shares of the company's stock traded hands, compared to its average volume of 217,779. The company has a fifty day simple moving average of $78.28 and a 200-day simple moving average of $68.32. The company has a market cap of $3.45 billion, a price-to-earnings ratio of -16.68, a P/E/G ratio of 22.73 and a beta of 0.95. IPG Photonics Corporation has a 1-year low of $48.59 and a 1-year high of $88.50.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IPGP. 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 report 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 investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $75.00.

Insiders Place Their Bets

In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 52,320 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $80.71, for a total value of $4,222,747.20. Following the completion of the sale, the insider owned 7,073,279 shares in the company, valued at approximately $570,884,348.09. This trade represents a 0.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Trevor Ness sold 1,678 shares of IPG Photonics stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $82.94, for a total transaction of $139,173.32. Following the sale, the senior vice president owned 42,243 shares in the company, valued at approximately $3,503,634.42. This trade represents a 3.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,538 shares of company stock valued at $5,609,508 in the last three months. 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.