IPG Photonics Corporation $IPGP Holdings Increased by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group increased its IPG Photonics stake by 50.9% in the third quarter, purchasing 693,572 additional shares and bringing its holdings to 2.06 million shares worth approximately $160.9 million. Institutional investors collectively own 93.79% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings, two Holds and one Sell. IPG Photonics has a consensus “Moderate Buy” rating and an average price target of $142.60, despite target revisions from Needham and Citigroup.
• IPG Photonics reported quarterly EPS of $0.58, beating estimates of $0.37, while revenue reached $278.6 million, up 11.1% year over year. The stock opened at $72.59, near its 52-week low of $68.27 and well below its 52-week high of $155.82.

Sumitomo Mitsui Trust Group Inc. boosted its position in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 50.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,055,687 shares of the semiconductor company's stock after purchasing an additional 693,572 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 4.83% of IPG Photonics worth $160,919,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Angeles Wealth Management LLC grew its stake in IPG Photonics by 6.8% during the 3rd quarter. Angeles Wealth Management LLC now owns 3,371 shares of the semiconductor company's stock valued at $264,000 after acquiring an additional 214 shares in the last quarter. Inspire Investing LLC lifted its stake in IPG Photonics by 38.5% in the 3rd quarter. Inspire Investing LLC now owns 9,405 shares of the semiconductor company's stock worth $736,000 after purchasing an additional 2,614 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of IPG Photonics by 8.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 60,317 shares of the semiconductor company's stock worth $4,722,000 after purchasing an additional 4,791 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of IPG Photonics by 206.1% during the 3rd quarter. IFP Advisors Inc now owns 704 shares of the semiconductor company's stock worth $55,000 after purchasing an additional 474 shares during the last quarter. Finally, Pension & Wealth Management Advisors Inc. acquired a new position in shares of IPG Photonics during the 3rd quarter worth approximately $306,000. Hedge funds and other institutional investors own 93.79% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on IPGP shares. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of IPG Photonics in a report on Monday, September 21st. Needham & Company LLC upped their target price on IPG Photonics from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, July 17th. Finally, Citigroup cut their target price on IPG Photonics from $150.00 to $137.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $142.60.

Insiders Place Their Bets

In other news, major shareholder Valentin Gapontsev Trust I sold 18,091 shares of the company's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $75.14, for a total value of $1,359,357.74. Following the transaction, the insider owned 6,652,192 shares of the company's stock, valued at $499,845,706.88. This represents a 0.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Fibre Devices Ltd Ip sold 18,111 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $96.12, for a total value of $1,740,829.32. Following the transaction, the insider owned 6,405,989 shares of the company's stock, valued at approximately $615,743,662.68. This represents a 0.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 76,119 shares of company stock valued at $6,543,875. 37.50% of the stock is currently owned by insiders.

IPG Photonics Price Performance

NASDAQ:IPGP opened at $72.59 on Monday. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 111.68, a PEG ratio of 1.74 and a beta of 1.00. The company's 50-day moving average is $76.38 and its two-hundred day moving average is $100.80. IPG Photonics Corporation has a 1-year low of $68.27 and a 1-year high of $155.82.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.21. The business had revenue of $278.58 million during the quarter, compared to the consensus estimate of $279.98 million. IPG Photonics had a net margin of 2.58% and a return on equity of 3.39%. The business's revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS. IPG Photonics has set its Q3 2026 guidance at 0.300-0.600 EPS. As a group, equities analysts anticipate that IPG Photonics Corporation will post 1.86 earnings per share for the current fiscal year.

IPG Photonics Profile

IPG Photonics Corporation NASDAQ: IPGP develops and manufactures high-performance fiber lasers, laser systems, optical amplifiers and related components. Its product portfolio includes single-mode and multi-mode fiber lasers, pulsed lasers, diode lasers, beam-delivery systems and other specialized photonics products.

The company's technologies are used primarily for industrial materials processing applications, including cutting, welding, marking, drilling, cladding and additive manufacturing.

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