Insider Selling: IPG Photonics (NASDAQ:IPGP) Major Shareholder Sells 23,966 Shares of Stock

Key Points

• Major shareholder Fibre Devices Ltd Ip sold 23,966 shares of IPG Photonics stock at an average price of $87.92, totaling over $2 million.
• The recent insider selling led to a 0.35% decrease in Fibre Devices' ownership of the company, leaving them with approximately 6.79 million shares valued at about $596 million.
• IPG Photonics reported a quarterly revenue of $250.72 million, surpassing analyst expectations, though it also experienced a 2.7% decline in revenue compared to the same quarter last year.

IPG Photonics Corporation (NASDAQ:IPGP - Get Free Report) major shareholder Fibre Devices Ltd Ip sold 23,966 shares of the firm's stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $87.92, for a total transaction of $2,107,090.72. Following the transaction, the insider directly owned 6,785,670 shares in the company, valued at approximately $596,596,106.40. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

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

• On Monday, October 20th, Fibre Devices Ltd Ip sold 23,642 shares of IPG Photonics stock. The stock was sold at an average price of $87.70, for a total transaction of $2,073,403.40.
• On Friday, October 17th, Fibre Devices Ltd Ip sold 16,559 shares of IPG Photonics stock. The stock was sold at an average price of $84.68, for a total transaction of $1,402,216.12.
• On Monday, September 22nd, Fibre Devices Ltd Ip sold 35,000 shares of IPG Photonics stock. The shares were sold at an average price of $82.10, for a total transaction of $2,873,500.00.
• On Friday, September 19th, Fibre Devices Ltd Ip sold 29,167 shares of IPG Photonics stock. The shares were sold at an average price of $81.49, for a total transaction of $2,376,818.83.

IPG Photonics Trading Up 1.0%

IPGP stock traded up $0.86 during mid-day trading on Tuesday, hitting $88.06. The stock had a trading volume of 186,594 shares, compared to its average volume of 285,860. IPG Photonics Corporation has a 52 week low of $48.59 and a 52 week high of $90.29. The firm has a market capitalization of $3.72 billion, a P/E ratio of -17.97, a P/E/G ratio of 23.51 and a beta of 0.98. The firm has a fifty day simple moving average of $81.91 and a 200 day simple moving average of $71.78.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its earnings results on Tuesday, August 5th. The semiconductor company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.10 by $0.20. IPG Photonics had a negative net margin of 22.77% and a positive return on equity of 2.25%. The firm had revenue of $250.72 million for the quarter, compared to analyst estimates of $228.20 million. During the same period last year, the firm earned $0.45 EPS. The business's quarterly revenue was down 2.7% compared to the same quarter last year. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. As a group, equities analysts expect that IPG Photonics Corporation will post 1.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on IPGP. Wall Street Zen raised shares of IPG Photonics from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Weiss Ratings reiterated a "sell (d)" rating on shares of IPG Photonics in a research report on Wednesday, October 8th. Sanford C. Bernstein upgraded shares of IPG Photonics from a "market perform" rating to an "outperform" rating and set a $97.00 target price on the stock in a research report on Thursday, August 7th. Finally, Roth Capital set a $96.00 target price on shares of IPG Photonics and gave the stock a "buy" rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $78.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in shares of IPG Photonics by 8.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,813 shares of the semiconductor company's stock worth $124,000 after purchasing an additional 148 shares during the period. Inspire Investing LLC lifted its position in shares of IPG Photonics by 2.8% in the 1st quarter. Inspire Investing LLC now owns 6,383 shares of the semiconductor company's stock worth $403,000 after purchasing an additional 176 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of IPG Photonics by 3.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,352 shares of the semiconductor company's stock worth $436,000 after purchasing an additional 194 shares during the period. Orion Porfolio Solutions LLC lifted its position in shares of IPG Photonics by 2.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 7,922 shares of the semiconductor company's stock worth $544,000 after purchasing an additional 215 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of IPG Photonics by 4.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,408 shares of the semiconductor company's stock worth $341,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds own 93.79% of the company's stock.

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.

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