IPG Photonics Corporation $IPGP Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its holdings in IPG Photonics by 5.3%, owning approximately 2.84 million shares valued at about $179.7 million after the sale.
• IPG Photonics exceeded analysts' expectations in its latest quarterly earnings, reporting $0.30 EPS against a forecast of $0.10, although revenue was down by 2.7% year-over-year.
• The company has announced a $0.33 quarterly dividend, translating to an annual yield of 1.7%, reinforcing its commitment to returning value to shareholders.

Vanguard Group Inc. decreased its holdings in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 5.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,845,555 shares of the semiconductor company's stock after selling 159,012 shares during the quarter. Vanguard Group Inc. owned 6.66% of IPG Photonics worth $179,668,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC acquired a new position in shares of IPG Photonics during the first quarter valued at approximately $39,000. UMB Bank n.a. raised its holdings in shares of IPG Photonics by 107.5% during the first quarter. UMB Bank n.a. now owns 635 shares of the semiconductor company's stock valued at $40,000 after acquiring an additional 329 shares during the last quarter. Assetmark Inc. raised its holdings in shares of IPG Photonics by 18.1% during the first quarter. Assetmark Inc. now owns 1,594 shares of the semiconductor company's stock valued at $101,000 after acquiring an additional 244 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of IPG Photonics by 52.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,656 shares of the semiconductor company's stock valued at $120,000 after acquiring an additional 572 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of IPG Photonics by 90.7% during the first quarter. Versant Capital Management Inc now owns 1,819 shares of the semiconductor company's stock valued at $115,000 after acquiring an additional 865 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company's stock.

Insider Activity at IPG Photonics

In other news, Director Jeanmarie F. Desmond sold 1,360 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $76.24, for a total transaction of $103,686.40. Following the completion of the transaction, the director directly owned 9,740 shares in the company, valued at $742,577.60. This trade represents a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 39.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on IPGP. Stifel Nicolaus set a $72.00 target price on IPG Photonics in a report on Monday, April 28th. Raymond James Financial reduced their target price on IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating for the company in a report on Wednesday, May 7th. Sanford C. Bernstein raised IPG Photonics from a "market perform" rating to an "outperform" rating and set a $97.00 target price for the company in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded 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 assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $75.00.

IPG Photonics Stock Performance

Shares of IPGP stock traded down $0.45 during trading hours on Monday, reaching $81.71. The company had a trading volume of 161,512 shares, compared to its average volume of 236,214. The stock has a fifty day moving average of $74.23 and a 200-day moving average of $66.18. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -16.68, a PEG ratio of 23.53 and a beta of 0.88. IPG Photonics Corporation has a 12-month low of $48.59 and a 12-month high of $88.50.

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

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.