IPG Photonics Corporation (IPGP) Director Sells $1,287,600.00 in Stock

IPG Photonics Corporation (NASDAQ:IPGP) Director Henry E. Gauthier sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $257.52, for a total value of $1,287,600.00. Following the completion of the transaction, the director now directly owns 15,104 shares in the company, valued at approximately $3,889,582.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of IPG Photonics Corporation (NASDAQ:IPGP) opened at $263.05 on Friday. The stock has a market capitalization of $13,980.34, a P/E ratio of 38.40, a P/E/G ratio of 2.85 and a beta of 1.71. IPG Photonics Corporation has a 12-month low of $100.34 and a 12-month high of $264.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.46 and a current ratio of 9.02.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.32. The business had revenue of $392.62 million for the quarter, compared to the consensus estimate of $367.27 million. IPG Photonics had a return on equity of 21.17% and a net margin of 27.85%. The firm’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.29 earnings per share. analysts forecast that IPG Photonics Corporation will post 7.13 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Harding Loevner LP lifted its stake in IPG Photonics by 86.6% during the third quarter. Harding Loevner LP now owns 2,825,425 shares of the semiconductor company’s stock worth $167,055,000 after purchasing an additional 1,311,384 shares during the last quarter. Jackson Square Partners LLC bought a new stake in IPG Photonics during the third quarter worth $85,354,000. BRILLIANCE ASSET MANAGEMENT Ltd lifted its stake in IPG Photonics by 142.5% during the third quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 531,811 shares of the semiconductor company’s stock worth $98,417,000 after purchasing an additional 312,467 shares during the last quarter. Vanguard Group Inc. lifted its stake in IPG Photonics by 8.8% during the second quarter. Vanguard Group Inc. now owns 3,054,060 shares of the semiconductor company’s stock worth $443,143,000 after purchasing an additional 245,876 shares during the last quarter. Finally, Ardevora Asset Management LLP bought a new stake in IPG Photonics during the third quarter worth $40,084,000. 56.38% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on IPGP. Zacks Investment Research downgraded IPG Photonics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. DA Davidson upped their target price on IPG Photonics to $235.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Needham & Company LLC upped their target price on IPG Photonics from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. They noted that the move was a valuation call. ValuEngine downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of IPG Photonics in a research report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. IPG Photonics currently has a consensus rating of “Buy” and a consensus target price of $180.33.

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IPG Photonics Company Profile

IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.

Insider Buying and Selling by Quarter for IPG Photonics (NASDAQ:IPGP)

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