Valentin Gapontsev Trust I Sells 9,000 Shares of IPG Photonics Co. (NASDAQ:IPGP) Stock

IPG Photonics Co. (NASDAQ:IPGP) major shareholder Valentin Gapontsev Trust I sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was 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 $618,243,430.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases 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 stock was sold at an average price of $85.68, for a total value of $856,800.00.

IPG Photonics Stock Up 0.2 %

NASDAQ IPGP opened at $88.40 on Friday. The stock’s 50-day moving average price is $87.69 and its 200-day moving average price is $94.32. IPG Photonics Co. has a 52 week low of $83.00 and a 52 week high of $141.85. The company has a market capitalization of $4.08 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 17.47 and a beta of 1.19.

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). The company had revenue of $298.89 million during the quarter, compared to the consensus estimate of $287.03 million. IPG Photonics had a return on equity of 9.18% and a net margin of 17.00%. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period last year, the business earned ($1.91) EPS. Research analysts anticipate that IPG Photonics Co. will post 3.23 EPS for the current year.

IPG Photonics announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 13th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 7.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IPGP. Stifel Nicolaus dropped their target price on IPG Photonics from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, February 14th. Citigroup cut IPG Photonics from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $111.00 to $74.00 in a research report on Thursday, February 15th. StockNews.com downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of IPG Photonics in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, IPG Photonics currently has an average rating of “Moderate Buy” and an average price target of $117.20.

Institutional Trading of IPG Photonics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in IPG Photonics by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,039,073 shares of the semiconductor company’s stock valued at $308,587,000 after purchasing an additional 85,984 shares during the period. Invesco Ltd. raised its stake in IPG Photonics by 9.6% during the 3rd quarter. Invesco Ltd. now owns 836,794 shares of the semiconductor company’s stock valued at $84,968,000 after purchasing an additional 73,182 shares during the period. Dimensional Fund Advisors LP raised its stake in IPG Photonics by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 789,991 shares of the semiconductor company’s stock valued at $85,750,000 after purchasing an additional 8,445 shares during the period. Channing Capital Management LLC bought a new stake in IPG Photonics during the 4th quarter valued at approximately $70,719,000. Finally, Charles Schwab Investment Management Inc. raised its stake in IPG Photonics by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 388,257 shares of the semiconductor company’s stock valued at $42,141,000 after purchasing an additional 5,958 shares during the period. Institutional investors own 93.79% of the company’s stock.

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.