Logan Capital Management Inc. Decreases Holdings 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. decreased its holdings in shares of IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 32.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,888 shares of the semiconductor company's stock after selling 11,646 shares during the period. Logan Capital Management Inc. owned 0.06% of IPG Photonics worth $1,508,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Merit Financial Group LLC bought a new position in shares of IPG Photonics during the first quarter valued at approximately $343,000. American Century Companies Inc. increased its stake 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 valued at $13,429,000 after purchasing an additional 118,827 shares in the last quarter. Deutsche Bank AG increased its stake in shares of IPG Photonics by 699.2% during the first 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 in the last quarter. Retirement Systems of Alabama increased its stake in shares of IPG Photonics by 20.5% during the first 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of IPG Photonics by 194.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,568 shares of the semiconductor company's stock valued at $794,000 after buying an additional 8,294 shares during the last quarter. Institutional investors own 93.79% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IPGP shares. Wall Street Zen upgraded shares of IPG Photonics from a "sell" rating to a "hold" rating in a report 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 price target on the stock in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, IPG Photonics presently has an average rating of "Moderate Buy" and an average target price of $75.00.

Insiders Place Their Bets

In other IPG Photonics news, SVP Trevor Ness sold 1,678 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $82.94, for a total value of $139,173.32. Following the sale, the senior vice president owned 42,243 shares in the company, valued at $3,503,634.42. The trade was a 3.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeanmarie F. Desmond sold 1,360 shares of the business's stock in a transaction on 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 owned 9,740 shares in the company, valued at approximately $742,577.60. The trade was 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 insiders.

IPG Photonics Trading Up 1.3%

IPGP stock traded up $1.07 on Monday, hitting $81.01. The company had a trading volume of 65,629 shares, compared to its average volume of 291,671. IPG Photonics Corporation has a 12-month low of $48.59 and a 12-month high of $88.50. The stock's 50-day simple moving average is $77.92 and its 200 day simple moving average is $68.07. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of -16.53, a P/E/G ratio of 22.62 and a beta of 0.95.

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

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.