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IPG Photonics Co. (NASDAQ:IPGP - Get Rating) major shareholder Valentin Gapontsev Trust I sold 5,000 shares of the company's stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $88.14, for a total transaction of $440,700.00. Following the sale, the insider now directly owns 7,409,599 shares in the company, valued at $653,082,055.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Valentin Gapontsev Trust I also recently made the following trade(s): On Wednesday, August 24th, Valentin Gapontsev Trust I sold 5,000 shares of IPG Photonics stock. The stock was sold at an average price of $95.68, for a total transaction of $478,400.00. On Wednesday, August 17th, Valentin Gapontsev Trust I sold 5,000 shares of IPG Photonics stock. The stock was sold at an average price of $99.53, for a total transaction of $497,650.00. On Wednesday, August 10th, Valentin Gapontsev Trust I sold 5,000 shares of IPG Photonics stock. The stock was sold at an average price of $101.77, for a total transaction of $508,850.00. On Wednesday, August 3rd, Valentin Gapontsev Trust I sold 5,000 shares of IPG Photonics stock. The shares were sold at an average price of $102.97, for a total transaction of $514,850.00. IPG Photonics Trading Up 2.7 %

IPG Photonics stock traded up $2.40 during trading hours on Friday, reaching $92.18. 240,649 shares of the stock were exchanged, compared to its average volume of 543,356. The company has a market cap of $4.63 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 4.45 and a beta of 1.39. IPG Photonics Co. has a twelve month low of $82.68 and a twelve month high of $180.54. The stock has a 50 day moving average of $97.17 and a two-hundred day moving average of $102.03.

IPG Photonics (NASDAQ:IPGP - Get Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The semiconductor company reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). The firm had revenue of $377.02 million for the quarter, compared to analyst estimates of $373.26 million. IPG Photonics had a return on equity of 10.31% and a net margin of 17.91%. The company's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.33 earnings per share. On average, analysts expect that IPG Photonics Co. will post 4.71 earnings per share for the current fiscal year. Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Benchmark dropped their price objective on shares of IPG Photonics to $165.00 in a research report on Tuesday, August 9th. Citigroup dropped their price objective on shares of IPG Photonics from $157.00 to $146.00 and set a "buy" rating on the stock in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $168.43.Institutional Investors Weigh In On IPG Photonics

Large investors have recently bought and sold shares of the company. Arizona State Retirement System grew its stake in IPG Photonics by 1.9% during the first quarter. Arizona State Retirement System now owns 10,387 shares of the semiconductor company's stock worth $1,140,000 after buying an additional 190 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of IPG Photonics by 24.8% in the 1st quarter. Stephens Inc. AR now owns 20,801 shares of the semiconductor company's stock valued at $2,283,000 after purchasing an additional 4,128 shares in the last quarter. Beaumont Financial Partners LLC boosted its stake in shares of IPG Photonics by 141.9% in the 1st quarter. Beaumont Financial Partners LLC now owns 3,278 shares of the semiconductor company's stock valued at $360,000 after purchasing an additional 1,923 shares in the last quarter. AlphaCrest Capital Management LLC boosted its stake in shares of IPG Photonics by 117.0% in the 1st quarter. AlphaCrest Capital Management LLC now owns 7,607 shares of the semiconductor company's stock valued at $835,000 after purchasing an additional 4,101 shares in the last quarter. Finally, Cambiar Investors LLC boosted its stake in shares of IPG Photonics by 1.0% in the 1st quarter. Cambiar Investors LLC now owns 50,873 shares of the semiconductor company's stock valued at $5,584,000 after purchasing an additional 515 shares in the last quarter. 65.21% of the stock is currently owned by institutional investors and hedge funds. IPG Photonics Company Profile (Get Rating)

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. The company's 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.See AlsoGet a free copy of the StockNews.com research report on IPG Photonics (IPGP)Prepare For A Record-Setting Quarter For Cyber Security StocksThe Auto Market Is Slowly Recovering, These Stocks May OutperformIs DocuSign On The Verge Of A Major Reversal?Oil and Gas Stocks: A Safe Way to Invest in Renewable EnergyWhen Will the Hangover Finally Be Over for Seagate Technology?

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