Insider Selling: IPG Photonics Corporation (IPGP) SVP Sells 10,000 Shares of Stock

IPG Photonics Corporation (NASDAQ:IPGP) SVP Trevor Ness sold 10,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $208.17, for a total transaction of $2,081,700.00. Following the transaction, the senior vice president now directly owns 22,906 shares in the company, valued at approximately $4,768,342.02. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

IPG Photonics Corporation (NASDAQ IPGP) traded up $2.18 during midday trading on Wednesday, reaching $202.98. 753,000 shares of the company’s stock were exchanged, compared to its average volume of 352,519. IPG Photonics Corporation has a 52 week low of $95.04 and a 52 week high of $248.23. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.02 and a quick ratio of 7.46. The firm has a market capitalization of $10,766.07, a PE ratio of 29.57, a P/E/G ratio of 1.46 and a beta of 1.70.

IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.32. IPG Photonics had a net margin of 27.85% and a return on equity of 21.17%. The company had revenue of $392.62 million for the quarter, compared to analysts’ expectations of $367.27 million. During the same quarter in the prior year, the company posted $1.29 earnings per share. IPG Photonics’s revenue for the quarter was up 47.6% compared to the same quarter last year. equities research analysts anticipate that IPG Photonics Corporation will post 7.01 EPS for the current fiscal year.

Several research analysts have recently weighed in on IPGP shares. Zacks Investment Research cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. ValuEngine raised shares of IPG Photonics from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Benchmark reissued a “buy” rating and set a $230.00 price target on shares of IPG Photonics in a research report on Wednesday, November 1st. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target (up previously from $182.00) on shares of IPG Photonics in a research report on Friday, October 20th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $170.00 price target (up previously from $165.00) on shares of IPG Photonics in a research report on Friday, September 1st. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $180.33.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Teacher Retirement System of Texas increased its stake in IPG Photonics by 1.1% during the second quarter. Teacher Retirement System of Texas now owns 3,015 shares of the semiconductor company’s stock worth $437,000 after purchasing an additional 33 shares during the period. Advisory Services Network LLC increased its stake in IPG Photonics by 5.2% during the second quarter. Advisory Services Network LLC now owns 1,813 shares of the semiconductor company’s stock worth $263,000 after purchasing an additional 90 shares during the period. Utah Retirement Systems increased its stake in IPG Photonics by 1.6% during the second quarter. Utah Retirement Systems now owns 6,540 shares of the semiconductor company’s stock worth $949,000 after purchasing an additional 100 shares during the period. PNC Financial Services Group Inc. increased its stake in IPG Photonics by 6.6% during the second quarter. PNC Financial Services Group Inc. now owns 1,791 shares of the semiconductor company’s stock worth $259,000 after purchasing an additional 111 shares during the period. Finally, Stifel Financial Corp increased its stake in IPG Photonics by 2.2% during the second quarter. Stifel Financial Corp now owns 5,268 shares of the semiconductor company’s stock worth $764,000 after purchasing an additional 114 shares during the period. 56.44% of the stock is currently owned by institutional investors.

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About IPG Photonics

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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