Exchange Traded Concepts LLC Sells 35,922 Shares of 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 shares of IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 13.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 236,532 shares of the semiconductor company's stock after selling 35,922 shares during the period. Exchange Traded Concepts LLC owned about 0.56% of IPG Photonics worth $16,238,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in IPG Photonics by 126.6% during the 1st quarter. American Century Companies Inc. now owns 212,693 shares of the semiconductor company's stock valued at $13,429,000 after buying an additional 118,827 shares during the period. Merit Financial Group LLC purchased a new position in IPG Photonics during the 1st quarter valued at $343,000. Deutsche Bank AG increased its position in IPG Photonics by 699.2% during the 1st quarter. Deutsche Bank AG now owns 57,964 shares of the semiconductor company's stock valued at $3,660,000 after purchasing an additional 50,711 shares during the period. Retirement Systems of Alabama increased its position in IPG Photonics by 20.5% during the 1st quarter. Retirement Systems of Alabama now owns 215,573 shares of the semiconductor company's stock valued at $13,611,000 after purchasing an additional 36,648 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in IPG Photonics by 194.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,568 shares of the semiconductor company's stock valued at $794,000 after purchasing an additional 8,294 shares during the period. Hedge funds and other institutional investors own 93.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IPGP. Sanford C. Bernstein raised shares of IPG Photonics from a "market perform" rating to an "outperform" rating and set a $97.00 price objective on the stock in a research report on Thursday, August 7th. Wall Street Zen raised shares of IPG Photonics from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

Insider Transactions at IPG Photonics

In other news, major shareholder Valentin Gapontsev Trust I sold 14,180 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $80.67, for a total value of $1,143,900.60. Following the sale, the insider directly owned 7,059,099 shares of the company's stock, valued at $569,457,516.33. This represents a 0.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeanmarie F. Desmond sold 1,360 shares of the company'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 sale, the director directly owned 9,740 shares in the company, valued at $742,577.60. This represents a 12.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,216 shares of company stock valued at $5,748,177 in the last three months. 39.50% of the stock is currently owned by company insiders.

IPG Photonics Stock Down 1.5%

Shares of NASDAQ:IPGP traded down $1.28 during midday trading on Friday, reaching $81.40. The company's stock had a trading volume of 800,411 shares, compared to its average volume of 220,303. The firm has a 50 day moving average of $78.72 and a 200-day moving average of $68.72. The firm has a market capitalization of $3.44 billion, a P/E ratio of -16.61, a PEG ratio of 22.92 and a beta of 0.95. IPG Photonics Corporation has a 12-month low of $48.59 and a 12-month high of $88.50.

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