Key Points
- Director Eric Meurice sold 750 shares of IPG Photonics on Feb. 2 at an average price of $95 (totaling $71,250), trimming his stake to 22,803 shares (a 3.18% decrease); he also sold 750 shares on Nov. 6 at $92.
- IPG beat quarterly estimates (EPS $0.35 vs. $0.16; revenue $250.79M vs. $240.18M), trades near its 1‑year high with a ~$4.17B market cap and a PE of 162.16, and holds a MarketBeat consensus of Moderate Buy with a $91.67 target amid several analyst upgrades.
IPG Photonics Corporation (NASDAQ:IPGP - Get Free Report) Director Eric Meurice sold 750 shares of IPG Photonics stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $95.00, for a total value of $71,250.00. Following the completion of the sale, the director owned 22,803 shares in the company, valued at approximately $2,166,285. The trade was a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Eric Meurice also recently made the following trade(s):
- On Thursday, November 6th, Eric Meurice sold 750 shares of IPG Photonics stock. The shares were sold at an average price of $92.00, for a total value of $69,000.00.
IPG Photonics Price Performance
Shares of NASDAQ:IPGP opened at $98.92 on Wednesday. IPG Photonics Corporation has a 1 year low of $48.59 and a 1 year high of $102.06. The firm has a market capitalization of $4.17 billion, a PE ratio of 162.16, a P/E/G ratio of 11.95 and a beta of 1.03. The business's 50 day moving average price is $80.38 and its 200-day moving average price is $80.93.
IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.19. IPG Photonics had a return on equity of 2.35% and a net margin of 2.66%.The company had revenue of $250.79 million for the quarter, compared to analyst estimates of $240.18 million. As a group, analysts expect that IPG Photonics Corporation will post 1.54 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts have commented on IPGP shares. Citigroup upgraded shares of IPG Photonics from a "sell" rating to a "buy" rating and increased their price objective for the company from $68.00 to $105.00 in a report on Wednesday, November 5th. Stifel Nicolaus set a $92.00 price objective on IPG Photonics in a research report on Tuesday, November 4th. Roth Mkm boosted their price objective on IPG Photonics from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday. Zacks Research raised IPG Photonics from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 15th. Finally, Benchmark reiterated a "hold" rating on shares of IPG Photonics in a report on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.67.
Get Our Latest Stock Analysis on IPG Photonics
Institutional Investors Weigh In On IPG Photonics
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its position in IPG Photonics by 51.1% in the third quarter. Versant Capital Management Inc now owns 343 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 116 shares during the period. True Wealth Design LLC increased its position in shares of IPG Photonics by 1,621.7% during the 2nd quarter. True Wealth Design LLC now owns 396 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 373 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of IPG Photonics by 207.1% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 430 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 290 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in IPG Photonics by 348.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 744 shares of the semiconductor company's stock valued at $51,000 after buying an additional 578 shares during the period. Finally, Signaturefd LLC lifted its position in IPG Photonics by 76.9% in the second quarter. Signaturefd LLC now owns 764 shares of the semiconductor company's stock valued at $52,000 after buying an additional 332 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company's stock.
IPG Photonics Company Profile
(
Get Free Report)
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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