Insider Selling: IPG Photonics Co. (NASDAQ:IPGP) Major Shareholder Sells 10,000 Shares of Stock

IPG Photonics Co. (NASDAQ:IPGP) major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $89.56, for a total transaction of $895,600.00. Following the completion of the transaction, the insider now directly owns 7,209,599 shares of the company’s stock, valued at approximately $645,691,686.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Valentin Gapontsev Trust I also recently made the following trade(s):

• On Friday, February 23rd, Valentin Gapontsev Trust I sold 10,000 shares of IPG Photonics stock. The stock was sold at an average price of $85.68, for a total value of $856,800.00.

IPG Photonics Price Performance

IPGP opened at $90.57 on Thursday. IPG Photonics Co. has a 12 month low of $83.00 and a 12 month high of $141.85. The stock’s 50 day moving average price is $92.22 and its 200 day moving average price is $96.07. The stock has a market cap of $4.18 billion, a P/E ratio of 19.60, a P/E/G ratio of 17.70 and a beta of 1.18.

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

IPG Photonics announced that its board has approved a share buyback program on Tuesday, February 13th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire up to 7.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Institutional Trading of IPG Photonics

Several institutional investors have recently modified their holdings of IPGP. Schonfeld Strategic Advisors LLC raised its holdings in IPG Photonics by 2,136.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 82,739 shares of the semiconductor company’s stock worth $8,401,000 after buying an additional 79,039 shares during the period. Quantbot Technologies LP acquired a new position in shares of IPG Photonics in the 3rd quarter valued at about $960,000. Adage Capital Partners GP L.L.C. raised its holdings in shares of IPG Photonics by 46.7% during the third quarter. Adage Capital Partners GP L.L.C. now owns 175,099 shares of the semiconductor company’s stock worth $17,780,000 after acquiring an additional 55,700 shares in the last quarter. Invesco Ltd. raised its stake in shares of IPG Photonics by 9.6% during the 3rd quarter. Invesco Ltd. now owns 836,794 shares of the semiconductor company’s stock worth $84,968,000 after purchasing an additional 73,182 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of IPG Photonics by 88.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,972 shares of the semiconductor company’s stock valued at $1,114,000 after buying an additional 5,158 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Saturday, February 17th. Citigroup downgraded IPG Photonics from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $111.00 to $74.00 in a report on Thursday, February 15th. Stifel Nicolaus dropped their price target 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. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of IPG Photonics in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.20.

About IPG Photonics

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.