Insider Selling: IPG Photonics Co. (IPGP) CAO Sells 637 Shares of Stock

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IPG Photonics Co. (NASDAQ:IPGP) CAO Thomas J. Burgomaster sold 637 shares of the firm’s stock in a transaction that occurred on Sunday, November 11th. The shares were sold at an average price of $90.85, for a total value of $57,871.45. Following the completion of the sale, the chief accounting officer now directly owns 6,037 shares in the company, valued at $548,461.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ IPGP traded down $8.25 during midday trading on Wednesday, hitting $133.55. The stock had a trading volume of 1,476,358 shares, compared to its average volume of 618,930. The company has a market cap of $7.24 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.84 and a beta of 1.80. IPG Photonics Co. has a 1 year low of $107.59 and a 1 year high of $264.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.73 and a quick ratio of 6.94.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, October 30th. The semiconductor company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.01). The firm had revenue of $356.35 million during the quarter, compared to analysts’ expectations of $355.48 million. IPG Photonics had a net margin of 25.96% and a return on equity of 21.55%. The business’s revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.11 EPS. On average, equities research analysts anticipate that IPG Photonics Co. will post 7.74 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPGP. Millennium Management LLC lifted its position in shares of IPG Photonics by 49.7% in the first quarter. Millennium Management LLC now owns 23,699 shares of the semiconductor company’s stock valued at $5,531,000 after acquiring an additional 7,869 shares in the last quarter. Royal Bank of Canada lifted its position in shares of IPG Photonics by 3.9% in the first quarter. Royal Bank of Canada now owns 84,332 shares of the semiconductor company’s stock valued at $19,680,000 after acquiring an additional 3,193 shares in the last quarter. CIBC World Markets Inc. purchased a new position in shares of IPG Photonics in the first quarter valued at approximately $336,000. Suntrust Banks Inc. lifted its position in IPG Photonics by 108.7% during the first quarter. Suntrust Banks Inc. now owns 7,191 shares of the semiconductor company’s stock worth $1,677,000 after buying an additional 3,746 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in IPG Photonics during the first quarter worth approximately $456,000. Institutional investors and hedge funds own 58.21% of the company’s stock.

Several analysts have commented on IPGP shares. ValuEngine lowered IPG Photonics from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. BidaskClub lowered IPG Photonics from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Raymond James raised IPG Photonics from a “market perform” rating to a “strong-buy” rating in a report on Friday, September 21st. Benchmark dropped their price objective on IPG Photonics from $222.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, October 8th. Finally, DA Davidson dropped their price objective on IPG Photonics to $200.00 in a report on Monday, October 8th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $219.75.

About IPG Photonics

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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

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