IPG Photonics Corporation $IPGP Shares Bought by Greatmark Investment Partners Inc.

Key Points

• Greatmark Investment Partners Inc. increased its stake in IPG Photonics Corporation by 43.5% in the second quarter, owning approximately 0.08% of the company worth $2,331,000.
• Various institutional investors have significantly boosted their holdings in IPG Photonics, with Pacific Heights Asset Management LLC increasing its position by 161.5%, now owning $11.67 million worth of shares.
• Wall Street analysts have mixed ratings for IPG Photonics, with an average target price of $78.50 and one analyst rating it as a Strong Buy, while others assigned Hold and Sell ratings.

Greatmark Investment Partners Inc. increased its holdings in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 43.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 33,956 shares of the semiconductor company's stock after buying an additional 10,295 shares during the period. Greatmark Investment Partners Inc. owned about 0.08% of IPG Photonics worth $2,331,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of IPGP. Pacific Heights Asset Management LLC lifted its holdings in IPG Photonics by 161.5% in the second quarter. Pacific Heights Asset Management LLC now owns 170,000 shares of the semiconductor company's stock worth $11,670,000 after acquiring an additional 105,000 shares during the last quarter. FNY Investment Advisers LLC boosted its position in IPG Photonics by 20.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 2,900 shares of the semiconductor company's stock valued at $199,000 after purchasing an additional 490 shares during the period. Allianz Asset Management GmbH grew its stake in IPG Photonics by 47.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 137,852 shares of the semiconductor company's stock worth $9,464,000 after buying an additional 44,203 shares during the last quarter. M.E. Allison & CO. Inc. acquired a new stake in IPG Photonics in the second quarter worth $234,000. Finally, CWM LLC lifted its stake in IPG Photonics by 34.4% in the second quarter. CWM LLC now owns 20,513 shares of the semiconductor company's stock valued at $1,408,000 after buying an additional 5,255 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IPGP. Roth Capital set a $96.00 price objective on shares of IPG Photonics and gave the company a "buy" rating in a research report on Monday, October 6th. Weiss Ratings reissued a "sell (d)" rating on shares of IPG Photonics in a research note on Wednesday, October 8th. 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. Finally, Wall Street Zen upgraded shares of IPG Photonics from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $78.50.

Insider Transactions at IPG Photonics

In related news, major shareholder Fibre Devices Ltd Ip sold 35,000 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $82.10, for a total value of $2,873,500.00. Following the completion of the sale, the insider owned 6,849,837 shares in the company, valued at approximately $562,371,617.70. This represents a 0.51% 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, major shareholder Valentin Gapontsev Trust I sold 52,320 shares of IPG Photonics stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $80.71, for a total transaction of $4,222,747.20. Following the transaction, the insider owned 7,073,279 shares in the company, valued at approximately $570,884,348.09. The trade was a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 274,630 shares of company stock worth $22,881,519 in the last three months. 39.50% of the stock is currently owned by company insiders.

IPG Photonics Price Performance

IPGP stock opened at $88.06 on Wednesday. The firm has a market cap of $3.72 billion, a PE ratio of -17.97, a P/E/G ratio of 24.18 and a beta of 0.98. IPG Photonics Corporation has a 12 month low of $48.59 and a 12 month high of $90.29. The firm has a 50 day simple moving average of $82.10 and a 200 day simple moving average of $71.90.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.30 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 the consensus estimate of $228.20 million. IPG Photonics had a positive return on equity of 2.25% and a negative net margin of 22.77%.The company's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. As a group, sell-side analysts expect that IPG Photonics Corporation will post 1.54 earnings per share for the current year.

IPG Photonics Company Profile

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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