Rhumbline Advisers Sells 3,341 Shares of IPG Photonics Corporation $IPGP

Key Points

• Rhumbline Advisers decreased its stake in IPG Photonics Corporation by 4.4%, selling 3,341 shares during the first quarter, and now holds 72,162 shares valued at approximately $4.56 million.
• Jane Street Group LLC significantly increased its stake in IPG Photonics by 79.4%, acquiring 54,026 shares, bringing its total holdings to 122,105 shares valued at $7.71 million.
• Wall Street analysts generally view IPG Photonics positively, with most ratings classified as a "Moderate Buy," and a recent price target increase to $97.00 from Sanford C. Bernstein.

Rhumbline Advisers reduced its stake in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,162 shares of the semiconductor company's stock after selling 3,341 shares during the period. Rhumbline Advisers owned 0.17% of IPG Photonics worth $4,556,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jane Street Group LLC increased its stake in IPG Photonics by 79.4% in the first quarter. Jane Street Group LLC now owns 122,105 shares of the semiconductor company's stock valued at $7,710,000 after purchasing an additional 54,026 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in IPG Photonics by 0.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,469 shares of the semiconductor company's stock valued at $5,523,000 after purchasing an additional 744 shares in the last quarter. S Squared Technology LLC bought a new stake in IPG Photonics in the first quarter valued at $4,348,000. Caxton Associates LLP bought a new stake in IPG Photonics in the first quarter valued at $1,662,000. Finally, Fred Alger Management LLC bought a new stake in IPG Photonics in the first quarter valued at $258,000. 93.79% of the stock is owned by institutional investors.

Insider Activity

In related news, 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 transaction of $103,686.40. Following the transaction, the director directly owned 9,740 shares in the company, valued at approximately $742,577.60. The trade was a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $139,173.32. Following the transaction, the senior vice president owned 42,243 shares in the company, valued at approximately $3,503,634.42. This trade represents a 3.82% 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wall Street Zen raised shares of IPG Photonics from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Sanford C. Bernstein raised 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 note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $75.00.

IPG Photonics Price Performance

NASDAQ:IPGP opened at $79.94 on Friday. The firm has a 50-day moving average of $77.92 and a 200-day moving average of $68.00. The company 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. IPG Photonics Corporation has a one year low of $48.59 and a one year high of $88.50.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.10 by $0.20. The company had revenue of $250.72 million during 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 firm's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. On average, equities research analysts expect that IPG Photonics Corporation will post 1.54 earnings per share for the current fiscal 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.

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