Exchange Traded Concepts LLC Lowers Stock Position in IPG Photonics Corporation $IPGP

Key Points

• Exchange Traded Concepts LLC reduced its stake in IPG Photonics by 13.2% during the second quarter, now holding 236,532 shares valued at approximately $16.24 million.
• IPG Photonics reported earnings of $0.30 per share for the last quarter, surpassing analysts' expectations of $0.10, while revenue decreased by 2.7% year-on-year.
• Recent analyst upgrades have improved the stock's ratings, with Sanford C. Bernstein raising it to “outperform” and setting a price target of $97.00.

Exchange Traded Concepts LLC lowered its position in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 13.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 236,532 shares of the semiconductor company's stock after selling 35,922 shares during the period. Exchange Traded Concepts LLC owned approximately 0.56% of IPG Photonics worth $16,238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in shares of IPG Photonics by 30.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,388 shares of the semiconductor company's stock worth $1,207,000 after buying an additional 3,820 shares during the last quarter. Pallas Capital Advisors LLC grew its position in IPG Photonics by 49.5% during the 2nd quarter. Pallas Capital Advisors LLC now owns 6,520 shares of the semiconductor company's stock worth $448,000 after purchasing an additional 2,160 shares during the last quarter. Parallel Advisors LLC grew its position in IPG Photonics by 853.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,097 shares of the semiconductor company's stock worth $75,000 after purchasing an additional 982 shares during the last quarter. Kera Capital Partners Inc. purchased a new stake in IPG Photonics during the 2nd quarter worth approximately $326,000. Finally, Inspire Investing LLC grew its position in IPG Photonics by 2.8% during the 1st quarter. Inspire Investing LLC now owns 6,383 shares of the semiconductor company's stock worth $403,000 after purchasing an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 93.79% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wall Street Zen upgraded shares of IPG Photonics from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Sanford C. Bernstein upgraded shares of IPG Photonics from a "market perform" rating to an "outperform" rating and set a $97.00 target price for the company in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $75.00.

Insider Activity at IPG Photonics

In related news, Director Jeanmarie F. Desmond sold 1,360 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 9,740 shares of the company's stock, valued at $742,577.60. This trade represents a 12.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Trevor Ness sold 1,678 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $82.64, for a total transaction of $138,669.92. Following the completion of the sale, the senior vice president directly owned 40,565 shares in the company, valued at approximately $3,352,291.60. This trade represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,216 shares of company stock valued at $5,748,177 over the last 90 days. 39.50% of the stock is owned by corporate insiders.

IPG Photonics Price Performance

Shares of IPGP traded up $0.94 during mid-day trading on Monday, reaching $82.34. The stock had a trading volume of 112,451 shares, compared to its average volume of 293,942. IPG Photonics Corporation has a 52-week low of $48.59 and a 52-week high of $88.50. The business's fifty day moving average is $78.72 and its 200 day moving average is $68.80. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of -16.82, a P/E/G ratio of 22.57 and a beta of 0.95.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its 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. The company had revenue of $250.72 million during the quarter, compared to analyst estimates of $228.20 million. IPG Photonics had a negative net margin of 22.77% and a positive return on equity of 2.25%. IPG Photonics's revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. As a group, sell-side analysts anticipate that IPG Photonics Corporation will post 1.54 EPS for the current fiscal year.

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.