IPG Photonics Corporation $IPGP Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its IPG Photonics stake by 759.3% in the third quarter, purchasing 161,547 additional shares for a total holding of 182,823 shares worth approximately $14.3 million. Institutional investors collectively own 93.79% of the company.
• Analyst sentiment is broadly positive, with five Buy ratings, two Holds and one Sell rating producing a “Moderate Buy” consensus and an average price target of $142.60.
• IPG Photonics reported quarterly EPS of $0.58, exceeding estimates by $0.21, while revenue rose 11.1% year over year to $278.58 million. However, insiders sold $8.99 million of stock over the past 90 days, and shares opened at $72.48—near the company’s one-year low of $69.41.

Assenagon Asset Management S.A. grew its stake in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 759.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,823 shares of the semiconductor company's stock after buying an additional 161,547 shares during the quarter. Assenagon Asset Management S.A. owned 0.43% of IPG Photonics worth $14,311,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Trillium Asset Management LLC bought a new position in IPG Photonics during the 2nd quarter worth about $3,938,000. Renaissance Technologies LLC raised its stake in shares of IPG Photonics by 173.8% in the 1st quarter. Renaissance Technologies LLC now owns 85,700 shares of the semiconductor company's stock valued at $9,820,000 after purchasing an additional 54,400 shares during the period. State Street Corp raised its stake in shares of IPG Photonics by 11.0% in the 2nd quarter. State Street Corp now owns 909,287 shares of the semiconductor company's stock valued at $106,678,000 after purchasing an additional 90,028 shares during the period. Westport Asset Management Inc. bought a new stake in shares of IPG Photonics in the second quarter valued at about $9,092,000. Finally, Sei Investments Co. lifted its holdings in shares of IPG Photonics by 445.9% in the first quarter. Sei Investments Co. now owns 192,688 shares of the semiconductor company's stock valued at $22,080,000 after purchasing an additional 157,392 shares in the last quarter. Institutional investors own 93.79% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Eugene A. Scherbakov sold 3,048 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $85.30, for a total value of $259,994.40. Following the completion of the sale, the director owned 45,162 shares of the company's stock, valued at approximately $3,852,318.60. This represents a 6.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Fibre Devices Ltd Ip sold 27,000 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $85.81, for a total value of $2,316,870.00. Following the completion of the sale, the insider directly owned 6,436,302 shares of the company's stock, valued at approximately $552,299,074.62. The trade was a 0.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 104,643 shares of company stock worth $8,992,738 over the last 90 days. Company insiders own 37.50% of the company's stock.

IPG Photonics Price Performance

IPG Photonics stock opened at $72.48 on Tuesday. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 111.51, a P/E/G ratio of 1.71 and a beta of 0.97. The firm has a 50-day moving average of $78.05 and a 200-day moving average of $98.22. IPG Photonics Corporation has a one year low of $69.41 and a one year high of $155.82.

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

IPG Photonics Company Profile

IPG Photonics Corporation NASDAQ: IPGP develops and manufactures high-performance fiber lasers and related optical systems. Its products include fiber, diode, solid-state, ultrafast and pulsed lasers, as well as optical amplifiers, beam-delivery systems and other components used in industrial and specialized applications.

The company's laser technologies are used for materials processing, including cutting, welding, marking, engraving, drilling, cladding and additive manufacturing. IPG Photonics also supplies systems and solutions for applications in communications, medical technology, scientific research, entertainment and other markets that require precision light sources.

Founded in 1990 by physicist Valentin Gapontsev, IPG Photonics is headquartered in Oxford, Massachusetts.

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