S Squared Technology LLC Buys Shares of 68,866 IPG Photonics Corporation $IPGP

Key Points

• S Squared Technology LLC has acquired a position of approximately $4.35 million in IPG Photonics, owning about 0.16% of the company's stock, making it the 17th largest holding in their portfolio.
• Multiple large investors, including UMB Bank and Assetmark Inc., have recently increased their stakes in IPG Photonics, highlighting a growing interest among institutional investors.
• IPG Photonics reported $0.30 EPS for the past quarter, exceeding expectations, although revenue saw a 2.7% decline year-over-year.

S Squared Technology LLC purchased a new stake in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 68,866 shares of the semiconductor company's stock, valued at approximately $4,348,000. IPG Photonics comprises 2.2% of S Squared Technology LLC's portfolio, making the stock its 17th biggest position. S Squared Technology LLC owned 0.16% of IPG Photonics at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Caxton Associates LLP acquired a new position in IPG Photonics during the first quarter valued at approximately $1,662,000. Fred Alger Management LLC acquired a new position in shares of IPG Photonics in the 1st quarter valued at $258,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of IPG Photonics by 20.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,024 shares of the semiconductor company's stock valued at $2,541,000 after buying an additional 6,741 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of IPG Photonics in the 1st quarter valued at $11,516,000. Finally, Alliancebernstein L.P. raised its stake in IPG Photonics by 1,918.3% during the 1st quarter. Alliancebernstein L.P. now owns 1,429,241 shares of the semiconductor company's stock worth $90,242,000 after buying an additional 1,358,428 shares during the period. 93.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on IPGP shares. Wall Street Zen upgraded IPG Photonics from a "sell" rating to a "hold" rating in a report 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 objective 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 issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $75.00.

Insiders Place Their Bets

In other news, SVP Trevor Ness sold 1,678 shares of IPG Photonics 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 owned 42,243 shares of the company's stock, valued at approximately $3,503,634.42. This trade represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeanmarie F. Desmond sold 1,360 shares of IPG Photonics stock in a transaction on 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 $742,577.60. This represents a 12.25% decrease in their position. The disclosure for this sale can be found here. 39.50% of the stock is currently owned by corporate insiders.

IPG Photonics Trading Down 3.2%

Shares of IPG Photonics stock traded down $2.66 during trading on Friday, reaching $79.94. The stock had a trading volume of 236,133 shares, compared to its average volume of 209,620. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of -16.31, a P/E/G ratio of 22.62 and a beta of 0.95. The stock has a fifty day moving average price of $77.92 and a two-hundred day moving average price of $68.07. IPG Photonics Corporation has a 52 week low of $48.59 and a 52 week high of $88.50.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $250.72 million during the quarter, compared to the consensus estimate of $228.20 million. IPG Photonics had a positive return on equity of 2.25% and a negative net margin of 22.77%.IPG Photonics's quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. On average, equities analysts forecast that IPG Photonics Corporation will post 1.54 EPS 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.