IPG Photonics (NASDAQ:IPGP) Major Shareholder Fibre Devices Ltd Ip Sells 23,642 Shares of Stock

IPG Photonics Corporation (NASDAQ:IPGP) major shareholder Fibre Devices Ltd Ip sold 23,642 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $87.70, for a total value of $2,073,403.40. Following the completion of the transaction, the insider directly owned 6,809,636 shares of the company’s stock, valued at $597,205,077.20. The trade was a 0.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, October 21st, Fibre Devices Ltd Ip sold 23,966 shares of IPG Photonics stock. The shares were sold at an average price of $87.92, for a total value of $2,107,090.72.
• 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 value of $1,402,216.12.
• On Monday, September 22nd, Fibre Devices Ltd Ip sold 35,000 shares of IPG Photonics stock. The stock was sold at an average price of $82.10, for a total value of $2,873,500.00.
• On Friday, September 19th, Fibre Devices Ltd Ip sold 29,167 shares of IPG Photonics stock. The stock was sold at an average price of $81.49, for a total value of $2,376,818.83.

IPG Photonics Price Performance

Shares of IPGP stock opened at $88.06 on Wednesday. The company has a market cap of $3.72 billion, a price-to-earnings ratio of -17.97, a PEG ratio of 24.18 and a beta of 0.98. The stock has a 50 day simple moving average of $82.10 and a 200-day simple moving average of $71.90. IPG Photonics Corporation has a 1-year low of $48.59 and a 1-year high of $90.29.

IPG Photonics (NASDAQ:IPGP) last announced 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. The business had revenue of $250.72 million during the quarter, compared to the consensus estimate of $228.20 million. IPG Photonics had a positive return on equity of 2.25% and a negative net margin of 22.77%.The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 EPS. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. Analysts anticipate that IPG Photonics Corporation will post 1.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. True Wealth Design LLC raised its stake in IPG Photonics by 1,621.7% in the 2nd quarter. True Wealth Design LLC now owns 396 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 373 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in IPG Photonics by 207.1% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 430 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 290 shares during the last quarter. Larson Financial Group LLC acquired a new position in IPG Photonics in the 1st quarter valued at $39,000. EverSource Wealth Advisors LLC raised its stake in IPG Photonics by 348.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 744 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 578 shares during the last quarter. Finally, Signaturefd LLC raised its stake in IPG Photonics by 76.9% in the 2nd quarter. Signaturefd LLC now owns 764 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 332 shares during the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IPGP has been the subject of several research analyst reports. Sanford C. Bernstein raised IPG Photonics from a “market perform” rating to an “outperform” rating and set a $97.00 target price for the company in a research note on Thursday, August 7th. Roth Capital set a $96.00 price objective on IPG Photonics and gave the company a “buy” rating in a research note on Monday, October 6th. Wall Street Zen raised IPG Photonics from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of IPG Photonics in a research note on Wednesday, October 8th. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat, IPG Photonics presently has a consensus rating of “Hold” and an average price target of $78.50.

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.