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Vanguard Group Inc. Decreases Holdings in IPG Photonics Corporation $IPGP

IPG Photonics logo with Computer and Technology background

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.
  • Looking to export and analyze IPG Photonics data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Vanguard Group Inc. cut its holdings in shares of IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,845,555 shares of the semiconductor company's stock after selling 159,012 shares during the quarter. Vanguard Group Inc. owned approximately 6.66% of IPG Photonics worth $179,668,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Larson Financial Group LLC bought a new position in shares of IPG Photonics during the 1st quarter worth $39,000. UMB Bank n.a. grew its stake in shares of IPG Photonics by 107.5% during the 1st quarter. UMB Bank n.a. now owns 635 shares of the semiconductor company's stock worth $40,000 after acquiring an additional 329 shares during the period. Assetmark Inc. grew its stake in shares of IPG Photonics by 18.1% during the 1st quarter. Assetmark Inc. now owns 1,594 shares of the semiconductor company's stock worth $101,000 after acquiring an additional 244 shares during the period. Versant Capital Management Inc grew its stake in shares of IPG Photonics by 90.7% during the 1st quarter. Versant Capital Management Inc now owns 1,819 shares of the semiconductor company's stock worth $115,000 after acquiring an additional 865 shares during the period. Finally, Sterling Capital Management LLC grew its stake in shares of IPG Photonics by 52.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,656 shares of the semiconductor company's stock worth $120,000 after acquiring an additional 572 shares during the period. 93.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at IPG Photonics

In other news, Director Jeanmarie F. Desmond sold 1,360 shares of the business's stock in a transaction dated 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 owned 9,740 shares of the company's stock, valued at approximately $742,577.60. The trade was a 12.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 39.50% of the company's stock.

IPG Photonics Price Performance

Shares of NASDAQ:IPGP traded up $3.54 on Friday, hitting $82.16. The company's stock had a trading volume of 198,916 shares, compared to its average volume of 237,993. IPG Photonics Corporation has a 1 year low of $48.59 and a 1 year high of $88.50. The company has a market capitalization of $3.47 billion, a PE ratio of -16.77, a PEG ratio of 23.53 and a beta of 0.88. The company has a 50-day simple moving average of $73.96 and a 200 day simple moving average of $66.12.

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

Analysts Set New Price Targets

IPGP has been the subject of several research reports. Stifel Nicolaus set a $72.00 price target on IPG Photonics in a research note on Monday, April 28th. Wall Street Zen upgraded IPG Photonics from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Raymond James Financial cut their target price on IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating for the company in a research note on Wednesday, May 7th. Finally, Sanford C. Bernstein raised shares of IPG Photonics from a "market perform" rating to an "outperform" rating and set a $97.00 price target on the stock in a report on Thursday, August 7th. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $75.00.

Read Our Latest Report on IPGP

IPG Photonics Profile

(Free Report)

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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Institutional Ownership by Quarter for IPG Photonics (NASDAQ:IPGP)

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