Logan Capital Management Inc. Has $1.51 Million Position in IPG Photonics Corporation $IPGP

Key Points

• Logan Capital Management Inc. reduced its holdings in IPG Photonics by 32.8%, selling 11,646 shares to hold approximately 23,888 shares worth $1.5 million.
• Multiple institutional investors have adjusted their stakes in IPG Photonics, with 93.79% of the stock owned by hedge funds and institutions.
• IPG Photonics reported a quarterly earnings per share (EPS) of $0.30, surpassing expectations while its revenue decreased by 2.7% year-over-year.

Logan Capital Management Inc. lowered its position in shares of IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 32.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,888 shares of the semiconductor company's stock after selling 11,646 shares during the quarter. Logan Capital Management Inc. owned approximately 0.06% of IPG Photonics worth $1,508,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Caxton Associates LLP bought a new stake in shares of IPG Photonics during the first quarter worth $1,662,000. Fred Alger Management LLC bought a new stake in shares of IPG Photonics during the first quarter worth $258,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in IPG Photonics by 20.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,024 shares of the semiconductor company's stock valued at $2,541,000 after purchasing an additional 6,741 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in IPG Photonics in the first quarter valued at about $11,516,000. Finally, Alliancebernstein L.P. increased its holdings in IPG Photonics by 1,918.3% in the first quarter. Alliancebernstein L.P. now owns 1,429,241 shares of the semiconductor company's stock valued at $90,242,000 after purchasing an additional 1,358,428 shares during the last quarter. Institutional investors own 93.79% of the company's stock.

IPG Photonics Stock Performance

NASDAQ:IPGP traded down $2.66 on Friday, reaching $79.94. The company's stock had a trading volume of 236,133 shares, compared to its average volume of 206,199. IPG Photonics Corporation has a 1-year low of $48.59 and a 1-year high of $88.50. The firm has a market cap of $3.38 billion, a PE ratio of -16.31, a PEG ratio of 23.37 and a beta of 0.95. The business's 50-day moving average price is $77.92 and its two-hundred day moving average price is $67.94.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $228.20 million. During the same period in the previous year, the firm earned $0.45 earnings per share. The company's revenue was down 2.7% on a year-over-year basis. 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 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Transactions at IPG Photonics

In other IPG Photonics news, SVP Trevor Ness sold 1,678 shares of the business's stock in a transaction dated 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 transaction, the senior vice president directly owned 42,243 shares of the company's stock, valued at approximately $3,503,634.42. The trade was a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeanmarie F. Desmond sold 1,360 shares of the business's stock in a transaction dated 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 transaction, the director directly owned 9,740 shares of the company's stock, valued at approximately $742,577.60. The trade was a 12.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.50% of the stock is currently owned by insiders.

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.