State of Wyoming acquired a new stake in shares of IPG Photonics Corporation (NASDAQ:IPGP – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,823 shares of the semiconductor company’s stock, valued at approximately $1,035,000.
Several other hedge funds have also recently made changes to their positions in IPGP. Oregon Public Employees Retirement Fund raised its stake in IPG Photonics by 2.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,139 shares of the semiconductor company’s stock worth $589,000 after acquiring an additional 100 shares during the last quarter. State of Michigan Retirement System grew its stake in IPG Photonics by 1.7% during the 1st quarter. State of Michigan Retirement System now owns 6,100 shares of the semiconductor company’s stock valued at $699,000 after purchasing an additional 100 shares during the last quarter. Assetmark Inc. increased its holdings in shares of IPG Photonics by 6.8% in the fourth quarter. Assetmark Inc. now owns 1,820 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 116 shares during the period. Deutsche Bank AG increased its holdings in shares of IPG Photonics by 6.1% in the fourth quarter. Deutsche Bank AG now owns 2,214 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 128 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of IPG Photonics by 17.0% in the first quarter. EverSource Wealth Advisors LLC now owns 915 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 133 shares during the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.
IPG Photonics Stock Up 2.2%
Shares of IPGP opened at $85.79 on Friday. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 131.99, a PEG ratio of 2.32 and a beta of 0.96. IPG Photonics Corporation has a 52 week low of $71.38 and a 52 week high of $155.82. The stock’s 50-day moving average price is $101.42 and its 200-day moving average price is $111.73.
Insider Transactions at IPG Photonics
In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 56,316 shares of IPG Photonics stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $102.31, for a total value of $5,761,689.96. Following the completion of the transaction, the insider owned 6,670,283 shares of the company’s stock, valued at approximately $682,436,653.73. The trade was a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eugene A. Scherbakov sold 1,524 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $86.61, for a total transaction of $131,993.64. Following the completion of the transaction, the director owned 48,210 shares of the company’s stock, valued at approximately $4,175,468.10. This trade represents a 3.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 193,863 shares of company stock worth $19,449,856. Insiders own 37.50% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on IPGP shares. Stifel Nicolaus dropped their target price on IPG Photonics from $165.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Citigroup reduced their price target on shares of IPG Photonics from $150.00 to $137.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Wall Street Zen cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Roth Capital reaffirmed a “buy” rating and issued a $151.00 price objective on shares of IPG Photonics in a report on Tuesday, May 19th. Finally, Needham & Company LLC increased their price objective on shares of IPG Photonics from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, IPG Photonics has a consensus rating of “Moderate Buy” and a consensus price target of $142.60.
Read Our Latest Stock Analysis on IPGP
About IPG Photonics
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.
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