IPG Photonics Corporation (NASDAQ:IPGP) CFO Timothy Pv Mammen sold 2,500 shares of IPG Photonics stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $261.53, for a total transaction of $653,825.00. Following the sale, the chief financial officer now owns 33,600 shares of the company’s stock, valued at $8,787,408. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of IPG Photonics Corporation (IPGP) opened at $263.05 on Friday. IPG Photonics Corporation has a twelve month low of $100.34 and a twelve month high of $264.11. The stock has a market cap of $14,103.69, a P/E ratio of 38.74, a P/E/G ratio of 2.87 and a beta of 1.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.02 and a quick ratio of 7.46.
IPG Photonics (NASDAQ:IPGP) last released 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 firm had revenue of $392.62 million during the quarter, compared to the consensus estimate of $367.27 million. During the same period in the previous year, the firm earned $1.29 earnings per share. IPG Photonics’s revenue was up 47.6% compared to the same quarter last year. equities analysts anticipate that IPG Photonics Corporation will post 7.13 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new stake in IPG Photonics during the second quarter worth approximately $352,000. Prudential PLC lifted its position in shares of IPG Photonics by 12.3% during the second quarter. Prudential PLC now owns 43,000 shares of the semiconductor company’s stock worth $6,239,000 after purchasing an additional 4,700 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of IPG Photonics during the third quarter worth $8,013,000. Alps Advisors Inc. lifted its position in shares of IPG Photonics by 14.4% during the third quarter. Alps Advisors Inc. now owns 4,629 shares of the semiconductor company’s stock worth $857,000 after purchasing an additional 582 shares in the last quarter. Finally, Moors & Cabot Inc. acquired a new position in shares of IPG Photonics during the third quarter worth $1,374,000. Hedge funds and other institutional investors own 56.38% of the company’s stock.
A number of equities research analysts have recently commented on the stock. ValuEngine downgraded shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub upgraded shares of IPG Photonics from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. DA Davidson lifted their price target on shares of IPG Photonics to $235.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $240.00 price target for the company in a report on Friday, October 27th. Finally, Needham & Company LLC lifted their price target on shares of IPG Photonics from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. IPG Photonics presently has a consensus rating of “Buy” and an average price target 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.
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