Trevor Ness Sells 1,678 Shares of IPG Photonics (NASDAQ:IPGP) Stock

Key Points

• Trevor Ness, Senior Vice President of IPG Photonics, sold 1,678 shares of the company’s stock on October 20th for approximately $145,986, reducing his ownership by 4.14%.
• IPG Photonics reported earnings of $0.30 per share in its latest quarter, exceeding expectations, but noted a decline in revenue compared to the previous year.
• Analysts have mixed sentiments on IPG Photonics, with rating upgrades and price targets ranging up to $97.00, while others maintain a cautious outlook.

IPG Photonics Corporation (NASDAQ:IPGP - Get Free Report) SVP Trevor Ness sold 1,678 shares of the firm's stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $87.00, for a total transaction of $145,986.00. Following the completion of the sale, the senior vice president owned 38,887 shares of the company's stock, valued at approximately $3,383,169. This trade represents a 4.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, September 18th, Trevor Ness sold 1,678 shares of IPG Photonics stock. The shares were sold at an average price of $82.64, for a total transaction of $138,669.92.
• On Wednesday, August 27th, Trevor Ness sold 1,678 shares of IPG Photonics stock. The shares were sold at an average price of $82.94, for a total transaction of $139,173.32.

IPG Photonics Stock Performance

IPGP traded up $0.86 during trading on Tuesday, hitting $88.06. The stock had a trading volume of 186,594 shares, compared to its average volume of 285,860. The company has a market capitalization of $3.72 billion, a PE ratio of -17.97, a PEG ratio of 23.51 and a beta of 0.98. IPG Photonics Corporation has a twelve month low of $48.59 and a twelve month high of $90.29. The stock has a 50 day simple moving average of $81.91 and a two-hundred day simple moving average of $71.78.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.20. The company had revenue of $250.72 million during 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 was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.45 earnings per share. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. On average, equities research analysts anticipate that IPG Photonics Corporation will post 1.54 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its position in IPG Photonics by 8.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,813 shares of the semiconductor company's stock valued at $124,000 after purchasing an additional 148 shares during the period. Inspire Investing LLC lifted its position in IPG Photonics by 2.8% during the first quarter. Inspire Investing LLC now owns 6,383 shares of the semiconductor company's stock valued at $403,000 after purchasing an additional 176 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in IPG Photonics by 3.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,352 shares of the semiconductor company's stock valued at $436,000 after purchasing an additional 194 shares during the period. Orion Porfolio Solutions LLC lifted its position in IPG Photonics by 2.8% during the second quarter. Orion Porfolio Solutions LLC now owns 7,922 shares of the semiconductor company's stock valued at $544,000 after purchasing an additional 215 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in IPG Photonics by 4.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,408 shares of the semiconductor company's stock valued at $341,000 after purchasing an additional 236 shares during the period. 93.79% of the stock is currently owned by institutional investors and hedge funds.

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.

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