State Street Corp Purchases 90,028 Shares of IPG Photonics Corporation $IPGP

Key Points

• State Street increased its IPG Photonics stake by 11%, purchasing 90,028 shares to own 909,287 shares, or 2.14% of the company. Institutional investors collectively hold 93.79% of IPGP.
• IPG Photonics reported quarterly EPS of $0.58, beating estimates of $0.37, while revenue rose 11.1% year over year to $278.58 million. The company issued third-quarter EPS guidance of $0.30–$0.60.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $142.60, although recent insider transactions show $20.1 million in stock sales over the past 90 days.

State Street Corp lifted its position in shares of IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 11.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 909,287 shares of the semiconductor company's stock after purchasing an additional 90,028 shares during the quarter. State Street Corp owned 2.14% of IPG Photonics worth $106,678,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IPGP. BlackRock Inc. bought a new stake in shares of IPG Photonics in the 2nd quarter valued at $334,429,000. Segall Bryant & Hamill LLC grew its stake in IPG Photonics by 11.1% in the first quarter. Segall Bryant & Hamill LLC now owns 469,471 shares of the semiconductor company's stock valued at $53,797,000 after acquiring an additional 46,935 shares during the period. Emerald Advisers LLC grew its stake in IPG Photonics by 49.4% in the first quarter. Emerald Advisers LLC now owns 304,916 shares of the semiconductor company's stock valued at $34,940,000 after acquiring an additional 100,866 shares during the period. Legal & General Group Plc bought a new stake in shares of IPG Photonics in the second quarter worth about $35,113,000. Finally, Bank of America Corp DE increased its holdings in shares of IPG Photonics by 4.1% in the second quarter. Bank of America Corp DE now owns 269,158 shares of the semiconductor company's stock worth $31,578,000 after acquiring an additional 10,558 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company's stock.

IPG Photonics Stock Performance

NASDAQ:IPGP opened at $77.42 on Friday. The company has a market cap of $3.29 billion, a PE ratio of 119.11, a PEG ratio of 2.02 and a beta of 0.98. IPG Photonics Corporation has a 52-week low of $69.41 and a 52-week high of $155.82. The stock has a 50-day simple moving average of $82.51 and a 200 day simple moving average of $102.91.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its earnings results on Tuesday, August 4th. The semiconductor company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.37 by $0.21. IPG Photonics had a return on equity of 3.39% and a net margin of 2.58%.The firm had revenue of $278.58 million for the quarter, compared to analysts' expectations of $279.98 million. During the same quarter in the previous year, the business posted $0.16 EPS. The business's quarterly revenue was up 11.1% compared to the same quarter last year. IPG Photonics has set its Q3 2026 guidance at 0.300-0.600 EPS. On average, research analysts predict that IPG Photonics Corporation will post 1.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Citigroup lowered their target price on IPG Photonics from $150.00 to $137.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th. Weiss Ratings reiterated a "sell (d+)" rating on shares of IPG Photonics in a report on Monday. Finally, Needham & Company LLC increased their price objective on shares of IPG Photonics from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, July 17th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, IPG Photonics presently has a consensus rating of "Moderate Buy" and an average target price of $142.60.

Insider Buying and Selling at IPG Photonics

In related news, major shareholder Fibre Devices Ltd Ip sold 65,700 shares of the firm's stock in a transaction on Monday, June 29th. The shares were sold at an average price of $103.64, for a total value of $6,809,148.00. Following the completion of the transaction, the insider owned 6,463,302 shares of the company's stock, valued at approximately $669,856,619.28. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eugene Scherbakov sold 1,524 shares of IPG Photonics stock in a transaction on Friday, July 31st. The shares were sold at an average price of $86.61, for a total transaction of $131,993.64. Following the completion of the sale, the director owned 48,210 shares in the company, valued at $4,175,468.10. The trade was a 3.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 209,774 shares of company stock worth $20,142,828. Company insiders own 37.50% of the company's stock.

IPG Photonics Profile

IPG Photonics Corporation develops and manufactures fiber lasers, fiber amplifiers and related photonics products for industrial, medical and other specialized applications. Its portfolio includes high-power, quasi-continuous-wave and pulsed fiber lasers, as well as laser systems, optical components and delivery equipment.

The company's products are used in materials processing applications such as cutting, welding, marking, drilling, cladding, brazing and additive manufacturing. IPG also serves markets including telecommunications, medical technology, scientific research and consumer electronics, where its optical and laser technologies support precision manufacturing and other specialized processes.

Founded in 1990 by physicist Valentin Gapontsev, IPG Photonics helped expand the use of fiber-based laser technology in industrial applications.

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