IPG Photonics Corporation $IPGP Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in IPG Photonics Corporation by 1,423%, acquiring a total of 21,033 shares valued at approximately $1.33 million in the first quarter.
• Several major hedge funds, including Deutsche Bank AG and Wealth Enhancement Advisory Services LLC, also significantly boosted their positions in IPG Photonics during the same quarter, demonstrating strong institutional interest in the stock.
• IPG Photonics reported earnings of $0.30 per share in its latest quarterly report, exceeding analysts' estimates, but revenues decreased by 2.7% year-over-year, highlighting some challenges in its performance.

Russell Investments Group Ltd. grew its position in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 1,423.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,033 shares of the semiconductor company's stock after acquiring an additional 19,652 shares during the quarter. Russell Investments Group Ltd.'s holdings in IPG Photonics were worth $1,328,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Merit Financial Group LLC acquired a new stake in shares of IPG Photonics during the first quarter worth $343,000. Deutsche Bank AG raised its position in IPG Photonics by 699.2% in the first quarter. Deutsche Bank AG now owns 57,964 shares of the semiconductor company's stock worth $3,660,000 after acquiring an additional 50,711 shares in the last quarter. Retirement Systems of Alabama raised its position 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 worth $13,611,000 after acquiring an additional 36,648 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in IPG Photonics by 194.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,568 shares of the semiconductor company's stock worth $794,000 after acquiring an additional 8,294 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in IPG Photonics in the fourth quarter worth $298,000. 93.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IPGP has been the subject of a number of research analyst reports. Sanford C. Bernstein upgraded 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. Wall Street Zen upgraded IPG Photonics from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Raymond James Financial dropped their price target on 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. 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 assigned a Sell rating to the stock. According to MarketBeat.com, IPG Photonics presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.

Insider Transactions at IPG Photonics

In other IPG Photonics news, Director Jeanmarie F. Desmond sold 1,360 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $76.24, for a total value of $103,686.40. Following the sale, the director directly owned 9,740 shares of the company's stock, valued at approximately $742,577.60. This trade represents a 12.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Trevor Ness sold 1,678 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $82.94, for a total value 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. The trade was 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 company insiders.

IPG Photonics Stock Performance

IPG Photonics stock traded down $1.65 during midday trading on Tuesday, reaching $80.17. 271,284 shares of the company were exchanged, compared to its average volume of 225,347. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of -16.36, a P/E/G ratio of 23.15 and a beta of 0.95. The firm's 50-day simple moving average is $76.10 and its 200-day simple moving average is $66.93. IPG Photonics Corporation has a 1 year low of $48.59 and a 1 year high of $88.50.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.20. IPG Photonics had a positive return on equity of 2.25% and a negative net margin of 22.77%.The firm had revenue of $250.72 million for the quarter, compared to analyst estimates of $228.20 million. During the same period last year, the company earned $0.45 EPS. The firm's quarterly revenue was down 2.7% on a year-over-year basis. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. On average, analysts forecast that IPG Photonics Corporation will post 1.54 EPS for the current fiscal year.

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.