IPG Photonics (NASDAQ:IPGP) Sets New 12-Month Low – Here’s What Happened

IPG Photonics Corporation (NASDAQ:IPGP) reached a new 52-week low during trading on Thursday. The company traded as low as $69.26 and last traded at $70.0590, with a volume of 34,922 shares traded. The stock had previously closed at $74.03.

Wall Street Analysts Forecast Growth

IPGP has been the subject of several recent research reports. Citigroup cut their target price on shares of IPG Photonics from $150.00 to $137.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Needham & Company LLC lifted their price target on shares of IPG Photonics from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of IPG Photonics in a report on Monday, September 21st. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $142.60.

IPG Photonics Price Performance

The firm has a market capitalization of $2.95 billion, a PE ratio of 106.79, a P/E/G ratio of 1.74 and a beta of 0.97. The firm has a fifty day moving average price of $77.52 and a 200 day moving average price of $97.64.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.21. The business had revenue of $278.58 million during the quarter, compared to analyst estimates of $279.98 million. IPG Photonics had a return on equity of 3.39% and a net margin of 2.58%. IPG Photonics’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. IPG Photonics has set its Q3 2026 guidance at 0.300-0.600 EPS. On average, sell-side analysts expect that IPG Photonics Corporation will post 1.86 EPS for the current year.

Insider Activity

In related news, Director Eugene A. Scherbakov sold 3,048 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $85.30, for a total value of $259,994.40. Following the completion of the sale, the director owned 45,162 shares in the company, valued at approximately $3,852,318.60. This represents a 6.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Fibre Devices Ltd Ip sold 15,361 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $85.64, for a total transaction of $1,315,516.04. Following the completion of the sale, the insider owned 6,390,628 shares of the company’s stock, valued at approximately $547,293,381.92. This trade represents a 0.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 104,643 shares of company stock valued at $8,992,738 over the last ninety days. Corporate insiders own 37.50% of the company’s stock.

Hedge Funds Weigh In On IPG Photonics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trillium Asset Management LLC acquired a new position in shares of IPG Photonics in the 2nd quarter valued at about $3,938,000. Renaissance Technologies LLC lifted its position in shares of IPG Photonics by 173.8% in the first quarter. Renaissance Technologies LLC now owns 85,700 shares of the semiconductor company’s stock worth $9,820,000 after purchasing an additional 54,400 shares in the last quarter. State Street Corp lifted its position in shares of IPG Photonics by 11.0% in the second quarter. State Street Corp now owns 909,287 shares of the semiconductor company’s stock worth $106,678,000 after purchasing an additional 90,028 shares in the last quarter. Westport Asset Management Inc. acquired a new stake in shares of IPG Photonics during the second quarter worth approximately $9,092,000. Finally, Sei Investments Co. boosted its holdings in shares of IPG Photonics by 445.9% during the first quarter. Sei Investments Co. now owns 192,688 shares of the semiconductor company’s stock worth $22,080,000 after purchasing an additional 157,392 shares during the period. 93.79% of the stock is currently owned by hedge funds and other institutional investors.

IPG Photonics Company Profile

IPG Photonics Corporation (NASDAQ:IPGP) develops and manufactures high-performance fiber lasers, laser systems, optical amplifiers and related components. Its product portfolio includes single-mode and multi-mode fiber lasers, pulsed lasers, diode lasers, beam-delivery systems and other specialized photonics products.

The company’s technologies are used primarily for industrial materials processing applications, including cutting, welding, marking, drilling, cladding and additive manufacturing.