IPG Photonics Corporation $IPGP Shares Sold by Rhumbline Advisers

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

A number of other large investors have also modified their holdings of the stock. Alliancebernstein L.P. increased its position in shares of IPG Photonics by 1,918.3% during the first 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 during the period. AQR Capital Management LLC increased its position in shares of IPG Photonics by 188.6% during the first 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 during the period. Charles Schwab Investment Management Inc. raised its stake in IPG Photonics by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 377,598 shares of the semiconductor company's stock valued at $23,842,000 after buying an additional 7,978 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in IPG Photonics by 19.6% in the first quarter. Exchange Traded Concepts LLC now owns 272,454 shares of the semiconductor company's stock valued at $17,203,000 after buying an additional 44,712 shares in the last quarter. Finally, Retirement Systems of Alabama raised its stake in IPG Photonics by 20.5% in the first quarter. Retirement Systems of Alabama now owns 215,573 shares of the semiconductor company's stock valued at $13,611,000 after buying an additional 36,648 shares in the last quarter. Hedge funds and other institutional investors own 93.79% of the company's stock.

Insider Activity

In other news, major shareholder Valentin Gapontsev Trust I sold 14,180 shares of IPG Photonics stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $80.67, for a total transaction of $1,143,900.60. Following the completion of the sale, the insider directly owned 7,059,099 shares in the company, valued at approximately $569,457,516.33. This trade represents a 0.20% decrease in their position. 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 IPG Photonics stock in a transaction that occurred 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 sale, the director 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. In the last three months, insiders sold 69,538 shares of company stock worth $5,609,508. Company insiders own 39.50% of the company's stock.

IPG Photonics Trading Up 2.0%

Shares of NASDAQ IPGP traded up $1.66 during midday trading on Thursday, reaching $82.68. 216,697 shares of the company were exchanged, compared to its average volume of 223,735. IPG Photonics Corporation has a 1 year low of $48.59 and a 1 year high of $88.50. The stock has a fifty day simple moving average of $78.57 and a 200 day simple moving average of $68.57. The stock has a market cap of $3.49 billion, a P/E ratio of -16.87, a PEG ratio of 22.93 and a beta of 0.95.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.20. The firm 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 was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. As a group, analysts forecast that IPG Photonics Corporation will post 1.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

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