IPG Photonics (NASDAQ:IPGP) Major Shareholder Sells $1,315,516.04 in Stock

Key Points

• Major shareholder Fibre Devices Ltd Ip sold 15,361 IPG Photonics shares for approximately $1.32 million under a pre-arranged Rule 10b5-1 trading plan, reducing its ownership by 0.24% to 6.39 million shares.
• IPG Photonics stock edged up 0.1% to $83.69, while the company reported quarterly EPS of $0.58—above the $0.37 analyst consensus—and revenue of $278.6 million, up 11.1% year over year.
• Institutional investors own 93.79% of the company, and analysts maintain a “Moderate Buy” consensus with an average price target of $142.60, despite mixed ratings.

IPG Photonics Corporation (NASDAQ:IPGP - Get Free Report) major shareholder Fibre Devices Ltd Ip sold 15,361 shares of the company's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $85.64, for a total transaction of $1,315,516.04. Following the completion of the transaction, the insider owned 6,390,628 shares of the company's stock, valued at approximately $547,293,381.92. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Fibre Devices Ltd Ip also recently made the following trade(s):

• On Wednesday, August 5th, Fibre Devices Ltd Ip sold 18,111 shares of IPG Photonics stock. The stock was sold at an average price of $96.12, for a total transaction of $1,740,829.32.
• On Tuesday, August 4th, Fibre Devices Ltd Ip sold 12,202 shares of IPG Photonics stock. The shares were sold at an average price of $95.18, for a total transaction of $1,161,386.36.
• On Friday, July 31st, Fibre Devices Ltd Ip sold 27,000 shares of IPG Photonics stock. The stock was sold at an average price of $85.81, for a total transaction of $2,316,870.00.

IPG Photonics Stock Up 0.1%

IPGP stock traded up $0.09 during trading on Tuesday, reaching $83.69. The company's stock had a trading volume of 294,496 shares, compared to its average volume of 512,686. The company's fifty day moving average is $80.16 and its 200-day moving average is $101.18. The company has a market capitalization of $3.56 billion, a P/E ratio of 128.76, a price-to-earnings-growth ratio of 2.02 and a beta of 0.97. IPG Photonics Corporation has a 1 year low of $69.41 and a 1 year high of $155.82.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $279.98 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. 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. Analysts anticipate that IPG Photonics Corporation will post 1.86 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IPGP. BlackRock Inc. purchased a new stake in IPG Photonics during the second quarter valued at $334,429,000. State Street Corp grew its stake in shares of IPG Photonics by 11.0% in the 2nd quarter. State Street Corp now owns 909,287 shares of the semiconductor company's stock worth $106,678,000 after buying an additional 90,028 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of IPG Photonics by 11.1% in the 1st quarter. Segall Bryant & Hamill LLC now owns 469,471 shares of the semiconductor company's stock worth $53,797,000 after buying an additional 46,935 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of IPG Photonics in the 2nd quarter worth $35,113,000. Finally, Emerald Advisers LLC increased its holdings in shares of IPG Photonics by 49.4% in the 1st quarter. Emerald Advisers LLC now owns 304,916 shares of the semiconductor company's stock worth $34,940,000 after buying an additional 100,866 shares during the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

About IPG Photonics

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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