IPG Photonics Co. (NASDAQ:IPGP) CFO Timothy Pv Mammen sold 2,500 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $261.53, for a total transaction of $653,825.00. Following the transaction, the chief financial officer now directly owns 33,600 shares in the company, valued at $8,787,408. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Timothy Pv Mammen also recently made the following trade(s):
- On Thursday, February 1st, Timothy Pv Mammen sold 5,000 shares of IPG Photonics stock. The stock was sold at an average price of $252.46, for a total transaction of $1,262,300.00.
Shares of IPG Photonics Co. (NASDAQ IPGP) traded up $6.96 during trading hours on Monday, hitting $239.40. The stock had a trading volume of 323,617 shares, compared to its average volume of 507,118. The firm has a market capitalization of $12,840.00, a P/E ratio of 35.21, a P/E/G ratio of 2.54 and a beta of 1.88. IPG Photonics Co. has a 12 month low of $111.51 and a 12 month high of $264.11. The company has a current ratio of 9.02, a quick ratio of 7.46 and a debt-to-equity ratio of 0.02.
Several large investors have recently modified their holdings of the company. Princeton Capital Management LLC acquired a new stake in shares of IPG Photonics in the fourth quarter valued at about $2,479,000. King Luther Capital Management Corp acquired a new stake in shares of IPG Photonics in the fourth quarter valued at about $203,000. BancorpSouth Bank bought a new stake in shares of IPG Photonics in the fourth quarter valued at about $283,000. Carillon Tower Advisers Inc. bought a new stake in shares of IPG Photonics in the fourth quarter valued at about $134,367,000. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in shares of IPG Photonics by 7.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 17,468 shares of the semiconductor company’s stock valued at $3,740,000 after buying an additional 1,168 shares during the period. 56.02% of the stock is currently owned by institutional investors.
Several research firms have commented on IPGP. Zacks Investment Research downgraded shares of IPG Photonics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Needham & Company LLC increased their target price on shares of IPG Photonics from $230.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Northcoast Research reissued a “buy” rating and set a $290.00 target price on shares of IPG Photonics in a research report on Wednesday, January 31st. BidaskClub downgraded shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, ValuEngine downgraded shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $196.30.
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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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