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 on Tuesday, April 23rd. The shares were 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 directly owns 7,200,599 shares in the company, valued at approximately $618,243,430.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 shares were sold at an average price of $85.68, for a total transaction of $856,800.00.

IPG Photonics Price Performance

Shares of NASDAQ:IPGP traded up $0.19 on Thursday, reaching $88.24. The company’s stock had a trading volume of 186,185 shares, compared to its average volume of 291,731. IPG Photonics Co. has a 52-week low of $83.00 and a 52-week high of $141.85. The stock has a market capitalization of $4.07 billion, a P/E ratio of 19.06, a PEG ratio of 16.93 and a beta of 1.19. The stock’s 50-day moving average is $87.70 and its two-hundred day moving average is $94.36.

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

IPG Photonics announced that its Board of Directors has authorized a stock buyback program on Tuesday, February 13th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of IPG Photonics

Several hedge funds and other institutional investors have recently made changes to their positions in IPGP. CWM LLC raised its holdings in IPG Photonics by 123.8% during the third quarter. CWM LLC now owns 837 shares of the semiconductor company’s stock worth $85,000 after purchasing an additional 463 shares in the last quarter. SG Americas Securities LLC increased its position in IPG Photonics by 166.5% during the 3rd quarter. SG Americas Securities LLC now owns 28,710 shares of the semiconductor company’s stock worth $2,915,000 after purchasing an additional 17,938 shares during the period. Linden Thomas Advisory Services LLC raised its stake in shares of IPG Photonics by 3.7% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 10,179 shares of the semiconductor company’s stock worth $1,034,000 after buying an additional 360 shares in the last quarter. Raymond James & Associates acquired a new stake in shares of IPG Photonics in the 3rd quarter valued at approximately $314,000. Finally, Ardevora Asset Management LLP boosted its stake in shares of IPG Photonics by 19.6% in the third quarter. Ardevora Asset Management LLP now owns 172,038 shares of the semiconductor company’s stock valued at $17,469,000 after buying an additional 28,238 shares in the last quarter. Hedge funds and other institutional investors own 93.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on IPGP. StockNews.com downgraded shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Seaport Res Ptn reissued a “buy” rating on shares of IPG Photonics in a research report on Thursday, January 25th. Citigroup downgraded IPG Photonics from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $111.00 to $74.00 in a research note on Thursday, February 15th. Finally, Stifel Nicolaus reduced their price objective on IPG Photonics from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.