A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded IPG Photonics from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. BidaskClub cut IPG Photonics from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Cascend Securities reiterated a “buy” rating and issued a $200.00 target price (up previously from $180.00) on shares of IPG Photonics in a report on Wednesday, May 1st. Susquehanna Bancshares set a $146.00 target price on IPG Photonics and gave the stock a “hold” rating in a report on Thursday, February 14th. Finally, Northcoast Research cut IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, February 13th.
NASDAQ IPGP traded up $0.52 during trading on Friday, hitting $131.01. 322,383 shares of the stock traded hands, compared to its average volume of 485,336. The stock has a market capitalization of $6.97 billion, a PE ratio of 17.90, a P/E/G ratio of 2.94 and a beta of 1.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.54 and a quick ratio of 6.55. IPG Photonics has a 12-month low of $104.64 and a 12-month high of $261.77.
In related news, SVP Trevor Ness sold 5,025 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $170.22, for a total transaction of $855,355.50. Following the completion of the transaction, the senior vice president now owns 25,657 shares in the company, valued at approximately $4,367,334.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $162.59, for a total value of $1,625,900.00. Following the transaction, the insider now owns 7,555,999 shares of the company’s stock, valued at approximately $1,228,529,877.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,825 shares of company stock valued at $2,618,936. 33.90% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Man Group plc raised its stake in shares of IPG Photonics by 232.1% during the third quarter. Man Group plc now owns 4,500 shares of the semiconductor company’s stock worth $702,000 after buying an additional 3,145 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of IPG Photonics by 71.1% during the third quarter. Neuberger Berman Group LLC now owns 574,534 shares of the semiconductor company’s stock worth $89,668,000 after buying an additional 238,755 shares during the last quarter. Nordea Investment Management AB grew its holdings in IPG Photonics by 4,272.2% during the third quarter. Nordea Investment Management AB now owns 75,421 shares of the semiconductor company’s stock valued at $11,770,000 after purchasing an additional 73,696 shares during the period. Legal & General Group Plc grew its holdings in IPG Photonics by 21.1% during the third quarter. Legal & General Group Plc now owns 295,107 shares of the semiconductor company’s stock valued at $46,057,000 after purchasing an additional 51,502 shares during the period. Finally, Marshall Wace LLP acquired a new position in IPG Photonics during the third quarter valued at approximately $620,000. Institutional investors own 66.43% of the company’s stock.
IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.
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