IPG Photonics (NASDAQ:IPGP) Director Eugene Scherbakov Sells 3,048 Shares of Stock

Key Points

• Director Eugene Scherbakov sold 3,048 IPG Photonics shares at an average price of $85.30, generating approximately $260,000. The Rule 10b5-1 transaction reduced his direct ownership by 6.32% to 45,162 shares.
• IPGP shares recently traded near $83.69, with the stock ranging from $69.41 to $155.82 over the past year. The company reported quarterly EPS of $0.58, exceeding the $0.37 consensus estimate, while revenue rose 11.1% year over year to $278.58 million.
• Analysts maintain a “Moderate Buy” consensus, with five Buy, two Hold and one Sell rating and an average price target of $142.60. Institutional investors own 93.79% of the company, with BlackRock initiating a position worth roughly $334.4 million.

IPG Photonics Corporation (NASDAQ:IPGP - Get Free Report) Director Eugene Scherbakov sold 3,048 shares of the firm's stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $85.30, for a total transaction of $259,994.40. Following the completion of the transaction, the director directly owned 45,162 shares in the company, valued at approximately $3,852,318.60. The trade was a 6.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

IPG Photonics Price Performance

Shares of IPG Photonics stock traded up $0.09 on Tuesday, hitting $83.69. 294,496 shares of the company's stock traded hands, compared to its average volume of 512,686. The firm's 50-day moving average price is $80.16 and its two-hundred day moving average price is $101.18. The stock has a market capitalization of $3.56 billion, a PE ratio of 128.76, a price-to-earnings-growth ratio of 2.02 and a beta of 0.97. IPG Photonics Corporation has a one year low of $69.41 and a one year high of $155.82.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.58 earnings per share (EPS) for the quarter, topping 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 business had revenue of $278.58 million for the quarter, compared to analyst estimates of $279.98 million. During the same period last year, the company earned $0.16 EPS. The firm's revenue was up 11.1% on a year-over-year basis. IPG Photonics has set its Q3 2026 guidance at 0.300-0.600 EPS. On average, analysts forecast that IPG Photonics Corporation will post 1.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on IPGP shares. Weiss Ratings restated a "sell (d+)" rating on shares of IPG Photonics in a report on Monday, September 21st. Citigroup cut their price target on shares of IPG Photonics from $150.00 to $137.00 and set a "buy" rating on the stock in a research report on Tuesday, August 11th. Finally, Needham & Company LLC lifted their price objective on shares of IPG Photonics from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, IPG Photonics presently has an average rating of "Moderate Buy" and a consensus target price of $142.60.

Institutional Trading of IPG Photonics

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in IPG Photonics during the second quarter worth about $334,429,000. State Street Corp grew its stake in IPG Photonics by 11.0% in the second quarter. State Street Corp now owns 909,287 shares of the semiconductor company's stock valued at $106,678,000 after acquiring an additional 90,028 shares during the period. Segall Bryant & Hamill LLC increased its holdings in shares of IPG Photonics by 11.1% in the first quarter. Segall Bryant & Hamill LLC now owns 469,471 shares of the semiconductor company's stock worth $53,797,000 after acquiring an additional 46,935 shares in the last quarter. Emerald Advisers LLC increased its holdings in shares of IPG Photonics by 49.4% in the first quarter. Emerald Advisers LLC now owns 304,916 shares of the semiconductor company's stock worth $34,940,000 after acquiring an additional 100,866 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of IPG Photonics during the second quarter worth about $35,113,000. Institutional investors and hedge funds own 93.79% of the company's stock.

IPG Photonics Company Profile

IPG Photonics Corporation NASDAQ: IPGP develops and manufactures high-performance fiber lasers and related optical systems. Its products include fiber, diode, solid-state, ultrafast and pulsed lasers, as well as optical amplifiers, beam-delivery systems and other components used in industrial and specialized applications.

The company's laser technologies are used for materials processing, including cutting, welding, marking, engraving, drilling, cladding and additive manufacturing. IPG Photonics also supplies systems and solutions for applications in communications, medical technology, scientific research, entertainment and other markets that require precision light sources.

Founded in 1990 by physicist Valentin Gapontsev, IPG Photonics is headquartered in Oxford, Massachusetts.

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