Pacific Heights Asset Management LLC Acquires 105,000 Shares of IPG Photonics Corporation $IPGP

Key Points

• Pacific Heights Asset Management LLC increased its stake in IPG Photonics Corporation by 161.5% during the second quarter, acquiring an additional 105,000 shares to reach a total of 170,000 shares.
• Several hedge funds significantly raised their positions in the company, with Alliancebernstein L.P. increasing its stake by 1,918.3% in the first quarter, now owning over 1.4 million shares worth approximately $90 million.
• IPG Photonics reported earnings of $0.30 per share, surpassing analysts' expectations, but noted a 2.7% decline in revenue year-over-year.

Pacific Heights Asset Management LLC lifted its holdings in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 161.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 170,000 shares of the semiconductor company's stock after acquiring an additional 105,000 shares during the period. Pacific Heights Asset Management LLC owned approximately 0.40% of IPG Photonics worth $11,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in IPGP. Alliancebernstein L.P. raised its position in shares of IPG Photonics by 1,918.3% in the 1st quarter. Alliancebernstein L.P. now owns 1,429,241 shares of the semiconductor company's stock worth $90,242,000 after acquiring an additional 1,358,428 shares in the last quarter. AQR Capital Management LLC raised its position in shares of IPG Photonics by 188.6% in the 1st quarter. AQR Capital Management LLC now owns 636,804 shares of the semiconductor company's stock worth $40,208,000 after acquiring an additional 416,186 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of IPG Photonics in the 1st quarter worth about $11,516,000. Pacer Advisors Inc. raised its position in shares of IPG Photonics by 4,282.2% in the 1st quarter. Pacer Advisors Inc. now owns 175,113 shares of the semiconductor company's stock worth $11,057,000 after acquiring an additional 171,117 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of IPG Photonics by 126.6% in the 1st quarter. American Century Companies Inc. now owns 212,693 shares of the semiconductor company's stock worth $13,429,000 after acquiring an additional 118,827 shares in the last quarter. 93.79% of the stock is owned by institutional investors.

IPG Photonics Trading Up 1.0%

IPG Photonics stock opened at $88.06 on Wednesday. IPG Photonics Corporation has a 12 month low of $48.59 and a 12 month high of $90.29. The business's 50 day simple moving average is $82.10 and its 200 day simple moving average is $71.90. The company has a market cap of $3.72 billion, a price-to-earnings ratio of -17.97, a PEG ratio of 24.18 and a beta of 0.98.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued 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 negative net margin of 22.77% and a positive return on equity of 2.25%. The business had revenue of $250.72 million for the quarter, compared to analysts' expectations of $228.20 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The business'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. As a group, equities research analysts forecast that IPG Photonics Corporation will post 1.54 earnings per share for the current fiscal year.

Insider Buying and Selling at IPG Photonics

In other IPG Photonics news, SVP Trevor Ness sold 1,678 shares of the business's stock in a transaction on Monday, October 20th. The shares were sold at an average price of $87.00, for a total transaction of $145,986.00. Following the sale, the senior vice president owned 38,887 shares of the company's stock, valued at $3,383,169. The trade was a 4.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eric Meurice sold 1,502 shares of the business's stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $89.66, for a total transaction of $134,669.32. Following the sale, the director directly owned 22,803 shares in the company, valued at $2,044,516.98. The trade was a 6.18% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 274,630 shares of company stock worth $22,881,519. Company insiders own 39.50% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IPGP. Roth Capital set a $96.00 target price on IPG Photonics and gave the company a "buy" rating in a research note on Monday, October 6th. Weiss Ratings restated a "sell (d)" rating on shares of IPG Photonics in a research note on Wednesday, October 8th. Wall Street Zen upgraded IPG Photonics from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Sanford C. Bernstein upgraded 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 analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, IPG Photonics has an average rating of "Hold" and a consensus price target of $78.50.

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.

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