IPG Photonics Corporation $IPGP Shares Bought by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in IPG Photonics by 6.6%, owning 129,169 shares valued at approximately $8.16 million after acquiring an additional 7,954 shares in the 1st quarter.
• Institutional investors and hedge funds control 93.79% of IPG Photonics' stock, indicating strong market interest in the company.
• IPG Photonics reported earnings of $0.30 per share for the last quarter, surpassing estimates significantly, though revenue declined 2.7% year-over-year, totaling $250.72 million.

Raymond James Financial Inc. raised its stake in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 6.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,169 shares of the semiconductor company's stock after acquiring an additional 7,954 shares during the period. Raymond James Financial Inc. owned 0.30% of IPG Photonics worth $8,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of IPGP. Pacer Advisors Inc. boosted its stake in IPG Photonics by 4,282.2% in the first quarter. Pacer Advisors Inc. now owns 175,113 shares of the semiconductor company's stock valued at $11,057,000 after acquiring an additional 171,117 shares in the last quarter. American Century Companies Inc. grew its position in shares of IPG Photonics by 126.6% during the first quarter. American Century Companies Inc. now owns 212,693 shares of the semiconductor company's stock worth $13,429,000 after acquiring an additional 118,827 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of IPG Photonics by 65.1% during the fourth quarter. Ameriprise Financial Inc. now owns 298,845 shares of the semiconductor company's stock worth $21,732,000 after acquiring an additional 117,846 shares during the last quarter. Sora Investors LLC grew its position in shares of IPG Photonics by 94.8% during the fourth quarter. Sora Investors LLC now owns 165,611 shares of the semiconductor company's stock worth $12,043,000 after acquiring an additional 80,611 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of IPG Photonics during the first quarter worth approximately $3,957,000. Institutional investors and hedge funds own 93.79% of the company's stock.

Insiders Place Their Bets

In other IPG Photonics news, SVP Trevor Ness sold 1,678 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $82.94, for a total value of $139,173.32. Following the completion of the sale, the senior vice president owned 42,243 shares of the company's stock, valued at approximately $3,503,634.42. This trade represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeanmarie F. Desmond sold 1,360 shares of the firm's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $76.24, for a total value of $103,686.40. Following the completion of the sale, the director directly owned 9,740 shares of the company's stock, valued at approximately $742,577.60. This trade represents a 12.25% decrease in their position. The disclosure for this sale can be found here. 39.50% of the stock is currently owned by company insiders.

IPG Photonics Price Performance

Shares of NASDAQ IPGP opened at $81.82 on Tuesday. The stock has a fifty day moving average price of $75.87 and a 200 day moving average price of $66.84. IPG Photonics Corporation has a 1-year low of $48.59 and a 1-year high of $88.50. The company has a market cap of $3.45 billion, a PE ratio of -16.70, a P/E/G ratio of 23.15 and a beta of 0.95.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings results 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. IPG Photonics had a positive return on equity of 2.25% and a negative net margin of 22.77%.The firm had revenue of $250.72 million during the quarter, compared to the consensus estimate of $228.20 million. During the same period last year, the company earned $0.45 earnings per share. The company's revenue for the quarter was down 2.7% on a year-over-year basis. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. Analysts anticipate that IPG Photonics Corporation will post 1.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IPGP. Wall Street Zen upgraded shares of IPG Photonics from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Raymond James Financial lowered their target price on shares of IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, May 7th. Finally, Sanford C. Bernstein upgraded 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 research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $75.00.

IPG Photonics 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.

Want to see what other hedge funds are holding IPGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IPG Photonics Corporation (NASDAQ:IPGP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.