IPG Photonics (NASDAQ:IPGP) SVP Sells $138,669.92 in Stock

Key Points

• IPG Photonics SVP Trevor Ness sold 1,678 shares of the company's stock for approximately $138,669.92, reducing his ownership by 3.97% to 40,565 shares.
• The company's stock price has been fluctuating, currently at $81.40, with a 12-month range of $48.59 to $88.50.
• In its latest earnings report, IPG Photonics beat estimates with an EPS of $0.30, although revenue declined by 2.7% year-over-year.

IPG Photonics Corporation (NASDAQ:IPGP - Get Free Report) SVP Trevor Ness sold 1,678 shares of the firm's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $82.64, for a total transaction of $138,669.92. Following the transaction, the senior vice president directly owned 40,565 shares in the company, valued at $3,352,291.60. The trade was a 3.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Trevor Ness also recently made the following trade(s):

• On Wednesday, August 27th, Trevor Ness sold 1,678 shares of IPG Photonics stock. The stock was sold at an average price of $82.94, for a total transaction of $139,173.32.

IPG Photonics Stock Performance

IPG Photonics stock traded down $1.28 during midday trading on Friday, hitting $81.40. 800,411 shares of the company's stock were exchanged, compared to its average volume of 294,995. IPG Photonics Corporation has a 12-month low of $48.59 and a 12-month high of $88.50. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of -16.61, a price-to-earnings-growth ratio of 22.93 and a beta of 0.95. The firm's 50 day simple moving average is $78.57 and its 200 day simple moving average is $68.57.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on IPGP shares. Wall Street Zen raised shares of IPG Photonics from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Sanford C. Bernstein raised 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 report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, IPG Photonics has a consensus rating of "Moderate Buy" and an average price target of $75.00.

Institutional Trading of IPG Photonics

Several hedge funds and other institutional investors have recently made changes to their positions in IPGP. Alliancebernstein L.P. raised its position in IPG Photonics by 1,918.3% during the first quarter. Alliancebernstein L.P. now owns 1,429,241 shares of the semiconductor company's stock worth $90,242,000 after acquiring an additional 1,358,428 shares during the last quarter. Lazard Asset Management LLC raised its position in IPG Photonics by 81.3% during the second quarter. Lazard Asset Management LLC now owns 1,899,461 shares of the semiconductor company's stock worth $130,397,000 after acquiring an additional 851,869 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in IPG Photonics by 85.8% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,774,660 shares of the semiconductor company's stock worth $121,830,000 after acquiring an additional 819,575 shares during the last quarter. M&G PLC raised its position in shares of IPG Photonics by 263.9% in the second quarter. M&G PLC now owns 600,020 shares of the semiconductor company's stock valued at $41,401,000 after buying an additional 435,122 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of IPG Photonics by 188.6% in the first quarter. AQR Capital Management LLC now owns 636,804 shares of the semiconductor company's stock valued at $40,208,000 after buying an additional 416,186 shares during the last quarter. 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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