IPG Photonics Corporation $IPGP Shares Sold by Swiss National Bank

Key Points

• The Swiss National Bank reduced its holdings in IPG Photonics Corporation by 11.0%, now owning 50,300 shares worth approximately $3.18 million.
• IPG Photonics reported earnings per share of $0.30 in its latest quarter, surpassing analysts' expectations, despite a 2.7% decline in revenue year-over-year.
• Recent analyst ratings for IPG Photonics include upgrades to "outperform" with a target price of $97.00 and a consensus rating of "Moderate Buy."

Swiss National Bank cut its position in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 11.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,300 shares of the semiconductor company's stock after selling 6,200 shares during the period. Swiss National Bank owned 0.12% of IPG Photonics worth $3,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in IPGP. Dimensional Fund Advisors LP boosted its stake in shares of IPG Photonics by 14.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,352,246 shares of the semiconductor company's stock worth $98,335,000 after acquiring an additional 173,584 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of IPG Photonics by 4,282.2% in the first quarter. Pacer Advisors Inc. now owns 175,113 shares of the semiconductor company's stock worth $11,057,000 after acquiring an additional 171,117 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of IPG Photonics by 65.1% in the fourth quarter. Ameriprise Financial Inc. now owns 298,845 shares of the semiconductor company's stock worth $21,732,000 after acquiring an additional 117,846 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of IPG Photonics by 35.1% in the fourth quarter. First Trust Advisors LP now owns 343,208 shares of the semiconductor company's stock worth $24,958,000 after acquiring an additional 89,237 shares during the last quarter. Finally, Sora Investors LLC boosted its stake in shares of IPG Photonics by 94.8% in the fourth quarter. Sora Investors LLC now owns 165,611 shares of the semiconductor company's stock worth $12,043,000 after acquiring an additional 80,611 shares during the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at IPG Photonics

In other news, Director Jeanmarie F. Desmond sold 1,360 shares of the company's 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 transaction, the director owned 9,740 shares of the company's stock, valued at $742,577.60. This represents a 12.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Sanford C. Bernstein raised 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. Raymond James Financial lowered their price target on IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Wall Street Zen raised IPG Photonics from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

IPG Photonics Trading Up 0.6%

NASDAQ:IPGP traded up $0.48 during trading hours on Wednesday, hitting $83.63. The company had a trading volume of 182,008 shares, compared to its average volume of 235,954. The company has a 50-day moving average of $74.90 and a 200 day moving average of $66.41. The company has a market cap of $3.53 billion, a P/E ratio of -17.07, a P/E/G ratio of 23.81 and a beta of 0.88. 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 earnings results on Tuesday, August 5th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.20. The company had revenue of $250.72 million during the quarter, compared to analysts' expectations of $228.20 million. IPG Photonics had a positive return on equity of 2.25% and a negative net margin of 22.77%.The firm's quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. 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 earnings per share for the current year.

About IPG Photonics

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.