Posted by admin on Aug 7th, 2022

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, August 3rd. The shares were sold at an average price of $102.97, for a total value of $514,850.00. Following the transaction, the insider now directly owns 7,434,599 shares in the company, valued at approximately $765,540,659.03. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

NASDAQ:IPGP opened at $101.84 on Friday. The business’s 50-day moving average price is $97.51 and its two-hundred day moving average price is $110.23. IPG Photonics Co. has a twelve month low of $82.68 and a twelve month high of $183.46. The stock has a market cap of $5.11 billion, a P/E ratio of 20.29, a PEG ratio of 5.16 and a beta of 1.36.

IPG Photonics (NASDAQ:IPGP – Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The semiconductor company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.04). IPG Photonics had a net margin of 17.91% and a return on equity of 10.31%. The business had revenue of $377.02 million during the quarter, compared to analysts’ expectations of $373.26 million. During the same period in the previous year, the business earned $1.33 EPS. The business’s revenue was up 1.4% on a year-over-year basis. On average, equities research analysts expect that IPG Photonics Co. will post 4.7 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the company. Covestor Ltd purchased a new position in shares of IPG Photonics during the fourth quarter worth approximately $26,000. JJJ Advisors Inc. boosted its stake in shares of IPG Photonics by 57.8% in the 4th quarter. JJJ Advisors Inc. now owns 202 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 74 shares in the last quarter. CWM LLC purchased a new stake in shares of IPG Photonics in the 4th quarter valued at $35,000. Signaturefd LLC boosted its stake in shares of IPG Photonics by 174.3% in the 1st quarter. Signaturefd LLC now owns 384 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 244 shares in the last quarter. Finally, Cutler Group LP purchased a new stake in shares of IPG Photonics in the 1st quarter valued at $43,000. Institutional investors own 66.65% of the company’s stock.

A number of brokerages have recently commented on IPGP. Benchmark dropped their price target on IPG Photonics from $183.00 to $165.00 in a research report on Wednesday. Citigroup dropped their price objective on IPG Photonics from $157.00 to $146.00 and set a “buy” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, IPG Photonics currently has an average rating of “Hold” and a consensus target price of $171.38.

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.

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