Decker Retirement Planning Inc. purchased a new position in shares of IPG Photonics Corporation (NASDAQ:IPGP – Free Report) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 32,618 shares of the semiconductor company’s stock, valued at approximately $3,738,000. IPG Photonics accounts for about 1.7% of Decker Retirement Planning Inc.’s investment portfolio, making the stock its 20th biggest position.
Several other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its position in IPG Photonics by 184.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the semiconductor company’s stock worth $33,000 after buying an additional 295 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of IPG Photonics by 43.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 552 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 166 shares during the period. Global Retirement Partners LLC boosted its position in shares of IPG Photonics by 428.9% in the fourth quarter. Global Retirement Partners LLC now owns 677 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 549 shares during the period. Hantz Financial Services Inc. grew its stake in shares of IPG Photonics by 332.9% in the fourth quarter. Hantz Financial Services Inc. now owns 684 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 526 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in IPG Photonics by 348.2% during the second quarter. EverSource Wealth Advisors LLC now owns 744 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 578 shares during the period. 93.79% of the stock is currently owned by institutional investors.
IPG Photonics Price Performance
Shares of IPGP opened at $110.23 on Friday. The firm has a 50 day simple moving average of $114.05 and a two-hundred day simple moving average of $107.09. IPG Photonics Corporation has a one year low of $66.82 and a one year high of $155.82. The company has a market cap of $4.68 billion, a P/E ratio of 159.76, a P/E/G ratio of 3.13 and a beta of 0.95.
Insider Buying and Selling
In other IPG Photonics news, CFO Timothy Pv Mammen sold 9,975 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $119.81, for a total value of $1,195,104.75. Following the completion of the transaction, the chief financial officer directly owned 76,438 shares in the company, valued at approximately $9,158,036.78. This trade represents a 11.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tang Agnes sold 1,511 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $117.85, for a total transaction of $178,071.35. Following the completion of the transaction, the director owned 9,588 shares of the company’s stock, valued at approximately $1,129,945.80. This trade represents a 13.61% 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 13,176 shares of company stock worth $1,551,606 in the last three months. 37.50% of the stock is owned by corporate insiders.
Analyst Ratings Changes
IPGP has been the subject of several analyst reports. Zacks Research cut shares of IPG Photonics from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings restated a “sell (d+)” rating on shares of IPG Photonics in a research report on Friday, March 27th. Needham & Company LLC upgraded shares of IPG Photonics from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Wednesday, May 6th. Stifel Nicolaus reduced their price target 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. Finally, Roth Mkm restated a “buy” rating and set a $151.00 price objective on shares of IPG Photonics in a research note on Tuesday, May 19th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.50.
Get Our Latest Stock Report on IPG Photonics
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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