IPG Photonics (NASDAQ:IPGP) Director Eric Meurice Sells 1,502 Shares

Key Points

• Director Eric Meurice of IPG Photonics sold 1,502 shares at an average price of $89.66, resulting in a 6.18% decrease in his position, now owning 22,803 shares valued at approximately $2 million.
• IPG Photonics reported a quarterly earnings per share (EPS) of $0.30, beating estimates and achieving revenue of $250.72 million, although this represented a 2.7% decline year-over-year.
• Analysts have mixed ratings on IPG Photonics, with targets ranging from $78.50 to $97.00, and a consensus rating of "Hold", reflecting varying confidence in the company's performance.

IPG Photonics Corporation (NASDAQ:IPGP - Get Free Report) Director Eric Meurice sold 1,502 shares of the business's stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $89.66, for a total transaction of $134,669.32. Following the completion of the transaction, the director directly owned 22,803 shares of the company's stock, valued at approximately $2,044,516.98. This represents a 6.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

IPG Photonics Price Performance

IPGP stock traded up $2.65 during midday trading on Wednesday, reaching $87.77. The company had a trading volume of 181,256 shares, compared to its average volume of 289,957. IPG Photonics Corporation has a 1 year low of $48.59 and a 1 year high of $90.29. The company has a market capitalization of $3.71 billion, a P/E ratio of -17.91, a P/E/G ratio of 24.45 and a beta of 0.98. The firm has a 50-day moving average price of $80.12 and a 200-day moving average price of $70.33.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $250.72 million during the quarter, compared to analysts' expectations of $228.20 million. During the same quarter in the prior year, the company earned $0.45 EPS. The firm's revenue was down 2.7% on a year-over-year basis. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. On average, equities analysts predict that IPG Photonics Corporation will post 1.54 EPS for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On IPG Photonics

Several hedge funds and other institutional investors have recently modified their holdings of IPGP. PNC Financial Services Group Inc. grew its holdings in shares of IPG Photonics by 8.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,813 shares of the semiconductor company's stock worth $124,000 after acquiring an additional 148 shares during the period. Inspire Investing LLC grew its stake in IPG Photonics by 2.8% in the first 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. Wealth Enhancement Advisory Services LLC raised its holdings in IPG Photonics by 4.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,274 shares of the semiconductor company's stock worth $311,000 after purchasing an additional 194 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of IPG Photonics by 3.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,352 shares of the semiconductor company's stock valued at $436,000 after buying an additional 194 shares in the last quarter. Finally, Orion Porfolio Solutions LLC grew 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 buying an additional 215 shares during the period. Hedge funds and other institutional investors 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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