IPG Photonics Co. (NASDAQ:IPGP) Major Shareholder Valentin Gapontsev Trust I Sells 9,000 Shares

IPG Photonics Co. (NASDAQ:IPGP) major shareholder Valentin Gapontsev Trust I sold 9,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $85.86, for a total value of $772,740.00. Following the completion of the transaction, the insider now owns 7,200,599 shares of the company’s stock, valued at $618,243,430.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Valentin Gapontsev Trust I also recently made the following trade(s):

• On Monday, March 25th, Valentin Gapontsev Trust I sold 10,000 shares of IPG Photonics stock. The stock was sold at an average price of $89.56, for a total value of $895,600.00.
• On Friday, February 23rd, Valentin Gapontsev Trust I sold 10,000 shares of IPG Photonics stock. The stock was sold at an average price of $85.68, for a total value of $856,800.00.

IPG Photonics Trading Up 0.2 %

NASDAQ:IPGP opened at $88.40 on Friday. The firm has a market cap of $4.08 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 17.47 and a beta of 1.19. The stock has a fifty day moving average price of $87.69 and a 200 day moving average price of $94.32. IPG Photonics Co. has a 12-month low of $83.00 and a 12-month high of $141.85.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.06). IPG Photonics had a net margin of 17.00% and a return on equity of 9.18%. The business had revenue of $298.89 million during the quarter, compared to analyst estimates of $287.03 million. During the same quarter in the prior year, the business earned ($1.91) earnings per share. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. Equities analysts forecast that IPG Photonics Co. will post 3.23 EPS for the current year.

IPG Photonics announced that its board has authorized a share buyback plan on Tuesday, February 13th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 7.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of IPG Photonics

A number of hedge funds and other institutional investors have recently bought and sold shares of IPGP. VisionPoint Advisory Group LLC raised its stake in IPG Photonics by 127.2% in the third quarter. VisionPoint Advisory Group LLC now owns 259 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 145 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in IPG Photonics in the fourth quarter valued at $40,000. Disciplined Equity Management Inc. acquired a new stake in shares of IPG Photonics during the fourth quarter worth about $43,000. Assetmark Inc. increased its position in shares of IPG Photonics by 39.4% during the third quarter. Assetmark Inc. now owns 612 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 173 shares in the last quarter. Finally, AM Squared Ltd increased its position in shares of IPG Photonics by 200.0% during the fourth quarter. AM Squared Ltd now owns 600 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 400 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Citigroup lowered IPG Photonics from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $111.00 to $74.00 in a research report on Thursday, February 15th. StockNews.com lowered IPG Photonics from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th. Stifel Nicolaus lowered their price target on IPG Photonics from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, February 14th. Finally, Seaport Res Ptn restated a “buy” rating on shares of IPG Photonics in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.20.

IPG Photonics Company Profile

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; 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; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.