IPG Photonics Corporation (NASDAQ:IPGP) SVP Angelo P. Lopresti sold 9,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $261.49, for a total value of $2,484,155.00. Following the completion of the transaction, the senior vice president now owns 46,765 shares in the company, valued at approximately $12,228,579.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of IPG Photonics Corporation (IPGP) opened at $260.95 on Thursday. The company has a current ratio of 9.02, a quick ratio of 7.46 and a debt-to-equity ratio of 0.02. IPG Photonics Corporation has a 1-year low of $98.05 and a 1-year high of $264.11. The stock has a market cap of $13,955.68, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 2.84 and a beta of 1.71.
IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.32. IPG Photonics had a net margin of 27.85% and a return on equity of 21.17%. The business had revenue of $392.62 million for the quarter, compared to analysts’ expectations of $367.27 million. During the same quarter in the previous year, the firm posted $1.29 EPS. The business’s revenue for the quarter was up 47.6% compared to the same quarter last year. equities research analysts forecast that IPG Photonics Corporation will post 7.13 earnings per share for the current fiscal year.
Several equities analysts recently commented on the company. BidaskClub upgraded IPG Photonics from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 5th. ValuEngine downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. DA Davidson boosted their target price on shares of IPG Photonics to $235.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Zacks Investment Research raised shares of IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $240.00 target price on the stock in a report on Friday, October 27th. Finally, Needham & Company LLC boosted their target price on shares of IPG Photonics from $210.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. IPG Photonics currently has a consensus rating of “Buy” and an average target price of $180.33.
A number of hedge funds have recently modified their holdings of the business. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of IPG Photonics in the fourth quarter worth $128,000. Advantage Investment Management LLC increased its holdings in shares of IPG Photonics by 366.5% in the third quarter. Advantage Investment Management LLC now owns 933 shares of the semiconductor company’s stock worth $173,000 after purchasing an additional 733 shares during the period. Aurora Investment Counsel bought a new position in shares of IPG Photonics in the fourth quarter worth $219,000. Elefante Mark B bought a new position in shares of IPG Photonics in the third quarter worth $201,000. Finally, Fulton Bank N.A. bought a new position in shares of IPG Photonics in the third quarter worth $202,000. 56.38% of the stock is currently owned by institutional investors and hedge funds.
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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.
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