62,666 Shares in IPG Photonics Corporation $IPGP Bought by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in IPG Photonics, purchasing 62,666 shares valued at approximately $3.96 million.
• Institutional ownership remains high, with 93.79% of IPG Photonics stock held by institutional investors and hedge funds.
• Analysts have mixed ratings on IPG Photonics, with an average target price of $75.00 and one analyst rating the stock as a "Strong Buy."

Nuveen LLC acquired a new position in shares of IPG Photonics Corporation (NASDAQ:IPGP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 62,666 shares of the semiconductor company's stock, valued at approximately $3,957,000. Nuveen LLC owned about 0.15% of IPG Photonics as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC acquired a new stake in IPG Photonics during the first quarter worth approximately $39,000. UMB Bank n.a. raised its position in shares of IPG Photonics by 107.5% in the first quarter. UMB Bank n.a. now owns 635 shares of the semiconductor company's stock valued at $40,000 after buying an additional 329 shares in the last quarter. Assetmark Inc. raised its position in shares of IPG Photonics by 18.1% in the first quarter. Assetmark Inc. now owns 1,594 shares of the semiconductor company's stock valued at $101,000 after buying an additional 244 shares in the last quarter. Versant Capital Management Inc raised its position in shares of IPG Photonics by 90.7% in the first quarter. Versant Capital Management Inc now owns 1,819 shares of the semiconductor company's stock valued at $115,000 after buying an additional 865 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of IPG Photonics in the fourth quarter valued at approximately $134,000. 93.79% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics Price Performance

NASDAQ:IPGP traded down $1.65 during mid-day trading on Tuesday, reaching $80.17. The stock had a trading volume of 271,284 shares, compared to its average volume of 225,347. The stock has a 50-day simple moving average of $76.10 and a two-hundred day simple moving average of $66.93. The stock has a market capitalization of $3.38 billion, a PE ratio of -16.36, a P/E/G ratio of 23.15 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 announced 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. The business had revenue of $250.72 million for the quarter, compared to analysts' expectations of $228.20 million. IPG Photonics had a negative net margin of 22.77% and a positive return on equity of 2.25%. The firm's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. Equities analysts expect that IPG Photonics Corporation will post 1.54 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jeanmarie F. Desmond sold 1,360 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $76.24, for a total transaction of $103,686.40. Following the completion of the transaction, the director directly owned 9,740 shares in the company, valued at approximately $742,577.60. This represents a 12.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Trevor Ness sold 1,678 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $82.94, for a total transaction of $139,173.32. Following the completion of the sale, the senior vice president directly owned 42,243 shares in the company, valued at approximately $3,503,634.42. This represents a 3.82% decrease in their position. The disclosure for this sale can be found here. Insiders own 39.50% of the company's stock.

Analysts Set New Price Targets

IPGP has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of IPG Photonics from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Raymond James Financial dropped their price target on shares of IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating for the company in a research report on Wednesday, May 7th. Finally, Sanford C. Bernstein upgraded shares of IPG Photonics from a "market perform" rating to an "outperform" rating and set a $97.00 price target for the company in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, IPG Photonics presently has a consensus rating of "Moderate Buy" and an average target price of $75.00.

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.