IPG Photonics (NASDAQ:IPGP) Major Shareholder Fibre Devices Ltd Ip Sells 29,167 Shares

Key Points

• Major shareholder Fibre Devices Ltd Ip sold 29,167 shares of IPG Photonics stock for a total of $2,376,818.83 on September 19th, reducing their ownership by 0.42%.
• IPG Photonics reported a quarterly earnings of $0.30 per share, surpassing expectations, although revenue decreased by 2.7% year-over-year.
• Analysts have mostly rated IPG Photonics as a "Moderate Buy"** with a consensus price target of $75.00, reflecting a mixed outlook.

IPG Photonics Corporation (NASDAQ:IPGP - Get Free Report) major shareholder Fibre Devices Ltd Ip sold 29,167 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $81.49, for a total value of $2,376,818.83. Following the completion of the sale, the insider directly owned 6,884,837 shares in the company, valued at $561,045,367.13. This represents a 0.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% 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 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 value of $2,873,500.00.

IPG Photonics Price Performance

Shares of NASDAQ IPGP traded up $0.26 during midday trading on Tuesday, hitting $81.62. 107,574 shares of the company's stock were exchanged, compared to its average volume of 293,783. IPG Photonics Corporation has a twelve month low of $48.59 and a twelve month high of $88.50. The company has a market cap of $3.45 billion, a PE ratio of -16.66, a P/E/G ratio of 22.57 and a beta of 0.95. The firm's fifty day simple moving average is $78.86 and its 200-day simple moving average is $68.93.

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 for the quarter, topping the consensus estimate of $0.10 by $0.20. IPG Photonics had a positive return on equity of 2.25% and a negative net margin of 22.77%.The business had revenue of $250.72 million for the quarter, compared to analyst estimates of $228.20 million. During the same quarter last year, the company earned $0.45 EPS. The business's quarterly 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. Equities analysts anticipate that IPG Photonics Corporation will post 1.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of IPG Photonics by 126.6% in the 1st quarter. American Century Companies Inc. now owns 212,693 shares of the semiconductor company's stock valued at $13,429,000 after purchasing an additional 118,827 shares during the last quarter. Merit Financial Group LLC purchased a new position in shares of IPG Photonics in the 1st quarter valued at approximately $343,000. Deutsche Bank AG grew its stake in shares of IPG Photonics by 699.2% in the 1st quarter. Deutsche Bank AG now owns 57,964 shares of the semiconductor company's stock valued at $3,660,000 after purchasing an additional 50,711 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of IPG Photonics by 194.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,568 shares of the semiconductor company's stock valued at $794,000 after purchasing an additional 8,294 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of IPG Photonics by 20.5% in the 1st quarter. Retirement Systems of Alabama now owns 215,573 shares of the semiconductor company's stock valued at $13,611,000 after purchasing an additional 36,648 shares during the last quarter. Hedge funds and other institutional investors own 93.79% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on IPGP shares. Wall Street Zen raised IPG Photonics from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Sanford C. Bernstein raised 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. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, IPG Photonics presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.

IPG Photonics Company Profile

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.