Key Points
- Fibre Devices Ltd Ip sold 15,361 IPG Photonics shares at an average price of $85.64, generating $1.32 million. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced its stake by 0.24% to 6.39 million shares.
- IPG Photonics reported quarterly EPS of $0.58, beating analyst expectations of $0.37, while revenue reached $278.58 million and rose 11.1% year over year.
- The stock opened at $83.69, with analysts assigning a “Moderate Buy” consensus rating and a $142.60 average price target; institutional investors own 93.79% of the company.
IPG Photonics Corporation (NASDAQ:IPGP - Get Free Report) Director Eugene Scherbakov sold 3,048 shares of the firm's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $85.30, for a total value of $259,994.40. Following the completion of the sale, the director directly owned 45,162 shares of the company's stock, valued at approximately $3,852,318.60. This represents a 6.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
IPG Photonics Stock Up 0.1%
Shares of IPG Photonics stock opened at $83.69 on Wednesday. The company has a 50 day moving average price of $80.15 and a 200 day moving average price of $100.95. The firm has a market capitalization of $3.56 billion, a P/E ratio of 128.76, a PEG ratio of 2.01 and a beta of 0.97. IPG Photonics Corporation has a 52 week low of $69.41 and a 52 week high of $155.82.
IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its earnings results on Tuesday, August 4th. The semiconductor company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.21. IPG Photonics had a net margin of 2.58% and a return on equity of 3.39%. The company had revenue of $278.58 million for the quarter, compared to the consensus estimate of $279.98 million. During the same quarter in the previous year, the firm earned $0.16 EPS. IPG Photonics's revenue was up 11.1% compared to the same quarter last year. IPG Photonics has set its Q3 2026 guidance at 0.300-0.600 EPS. As a group, research analysts anticipate that IPG Photonics Corporation will post 1.86 earnings per share for the current fiscal year.
Institutional Investors Weigh In On IPG Photonics
Institutional investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund raised its holdings in IPG Photonics by 2.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 5,139 shares of the semiconductor company's stock worth $589,000 after purchasing an additional 100 shares in the last quarter. State of Michigan Retirement System boosted its holdings in shares of IPG Photonics by 1.7% in the 1st quarter. State of Michigan Retirement System now owns 6,100 shares of the semiconductor company's stock valued at $699,000 after buying an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of IPG Photonics by 17.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 915 shares of the semiconductor company's stock valued at $105,000 after buying an additional 133 shares during the last quarter. Versant Capital Management Inc raised its stake in IPG Photonics by 42.2% during the 3rd quarter. Versant Capital Management Inc now owns 495 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 147 shares in the last quarter. Finally, Byrne Asset Management LLC raised its stake in IPG Photonics by 13.8% during the 3rd quarter. Byrne Asset Management LLC now owns 1,348 shares of the semiconductor company's stock worth $113,000 after acquiring an additional 163 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Needham & Company LLC upped their price objective on shares of IPG Photonics from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, July 17th. Citigroup lowered their price objective on IPG Photonics from $150.00 to $137.00 and set a "buy" rating on the stock in a research report on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of IPG Photonics in a research note on Monday, September 21st. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $142.60.
View Our Latest Stock Report on IPGP
IPG Photonics Company Profile
(
Get Free Report)
IPG Photonics Corporation (NASDAQ: IPGP) develops and manufactures high-performance fiber lasers and related optical systems. Its products include fiber, diode, solid-state, ultrafast and pulsed lasers, as well as optical amplifiers, beam-delivery systems and other components used in industrial and specialized applications.
The company's laser technologies are used for materials processing, including cutting, welding, marking, engraving, drilling, cladding and additive manufacturing. IPG Photonics also supplies systems and solutions for applications in communications, medical technology, scientific research, entertainment and other markets that require precision light sources.
Founded in 1990 by physicist Valentin Gapontsev, IPG Photonics is headquartered in Oxford, Massachusetts.
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