IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Fibre Devices Ltd Ip sold 12,785 shares of the company’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $74.76, for a total value of $955,806.60. Following the transaction, the insider directly owned 6,657,336 shares of the company’s stock, valued at $497,702,439.36. This represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Fibre Devices Ltd Ip also recently made the following trade(s):
- On Tuesday, December 23rd, Fibre Devices Ltd Ip sold 28,445 shares of IPG Photonics stock. The shares were sold at an average price of $74.62, for a total value of $2,122,565.90.
- On Monday, December 22nd, Fibre Devices Ltd Ip sold 22,937 shares of IPG Photonics stock. The stock was sold at an average price of $75.43, for a total value of $1,730,137.91.
- On Monday, November 24th, Fibre Devices Ltd Ip sold 35,000 shares of IPG Photonics stock. The shares were sold at an average price of $76.36, for a total transaction of $2,672,600.00.
- On Friday, November 21st, Fibre Devices Ltd Ip sold 29,167 shares of IPG Photonics stock. The stock was sold at an average price of $74.26, for a total transaction of $2,165,941.42.
- On Tuesday, October 21st, Fibre Devices Ltd Ip sold 23,966 shares of IPG Photonics stock. The stock was sold at an average price of $87.92, for a total transaction of $2,107,090.72.
- On Monday, October 20th, Fibre Devices Ltd Ip sold 23,642 shares of IPG Photonics stock. The shares were sold at an average price of $87.70, for a total transaction of $2,073,403.40.
- 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 transaction of $1,402,216.12.
IPG Photonics Trading Down 3.0%
Shares of NASDAQ IPGP traded down $2.26 during mid-day trading on Monday, hitting $72.92. The company had a trading volume of 212,101 shares, compared to its average volume of 281,832. The firm has a 50-day simple moving average of $81.18 and a two-hundred day simple moving average of $78.81. The company has a market capitalization of $3.07 billion, a PE ratio of 119.54, a price-to-earnings-growth ratio of 19.45 and a beta of 1.02. IPG Photonics Corporation has a one year low of $48.59 and a one year high of $92.21.
Analyst Upgrades and Downgrades
A number of analysts have commented on IPGP shares. Roth Capital set a $96.00 price target on shares of IPG Photonics and gave the company a “buy” rating in a research note on Monday, October 6th. Benchmark reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, December 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of IPG Photonics in a report on Monday, December 22nd. Stifel Nicolaus set a $92.00 price objective on IPG Photonics in a research note on Tuesday, November 4th. Finally, Citigroup raised IPG Photonics from a “sell” rating to a “buy” rating and raised their price objective for the company from $68.00 to $105.00 in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.33.
Check Out Our Latest Report on IPGP
Hedge Funds Weigh In On IPG Photonics
A number of large investors have recently made changes to their positions in IPGP. True Wealth Design LLC boosted 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 period. Versant Capital Management Inc raised its stake in IPG Photonics by 51.1% in the 3rd quarter. Versant Capital Management Inc now owns 343 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 116 shares in 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 worth $30,000 after purchasing an additional 290 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of IPG Photonics by 348.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 744 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 578 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of IPG Photonics by 76.9% during the second quarter. Signaturefd LLC now owns 764 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 332 shares during the period. Institutional investors own 93.79% of the company’s stock.
IPG Photonics Company Profile
IPG Photonics Corporation is a global leader in the design and manufacture of high-performance fiber lasers and amplifiers used in industrial, medical, scientific, and telecommunications applications. The company’s core products include ytterbium and erbium fiber lasers, diode lasers, and fiber amplifiers that deliver high power and efficiency for precision cutting, welding, marking, and engraving. IPG’s systems are engineered to optimize process speed, reliability, and energy consumption, making them a preferred choice for advanced manufacturing environments.
In addition to stand-alone laser sources, IPG offers turnkey laser systems and integrated solutions tailored to sectors such as automotive, electronics, aerospace, additive manufacturing, and life sciences.
Featured Stories
- Five stocks we like better than IPG Photonics
- Do not delete, read immediately
- How the Rich Retire
- INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off
- How Long Will $1M Last in Retirement?
- [No Brainer Gold Play]: “Show me a better investment.”
Receive News & Ratings for IPG Photonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics and related companies with MarketBeat.com's FREE daily email newsletter.
