Comerica Bank Cuts Stake in IPG Photonics Corporation $IPGP

Comerica Bank lowered its position in IPG Photonics Corporation (NASDAQ:IPGP) by 41.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,037 shares of the semiconductor company’s stock after selling 11,145 shares during the quarter. Comerica Bank’s holdings in IPG Photonics were worth $1,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of IPGP. Price T Rowe Associates Inc. MD boosted its stake in IPG Photonics by 4.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,732 shares of the semiconductor company’s stock worth $1,581,000 after buying an additional 959 shares in the last quarter. Northern Trust Corp boosted its stake in IPG Photonics by 17.6% in the fourth quarter. Northern Trust Corp now owns 224,959 shares of the semiconductor company’s stock worth $16,359,000 after buying an additional 33,601 shares in the last quarter. Jane Street Group LLC boosted its stake in IPG Photonics by 212.7% in the fourth quarter. Jane Street Group LLC now owns 68,079 shares of the semiconductor company’s stock worth $4,951,000 after buying an additional 46,308 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in IPG Photonics by 65.1% in the fourth quarter. Ameriprise Financial Inc. now owns 298,845 shares of the semiconductor company’s stock worth $21,732,000 after buying an additional 117,846 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in IPG Photonics by 98.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 74,577 shares of the semiconductor company’s stock valued at $5,423,000 after purchasing an additional 37,027 shares during the last quarter. Hedge funds and other institutional investors own 93.79% of the company’s stock.

IPG Photonics Stock Up 2.3%

NASDAQ:IPGP opened at $84.27 on Friday. The stock has a market cap of $3.56 billion, a P/E ratio of -17.20, a price-to-earnings-growth ratio of 23.30 and a beta of 0.95. The firm’s fifty day simple moving average is $76.95 and its 200 day simple moving average is $67.30. IPG Photonics Corporation has a twelve month low of $48.59 and a twelve month high of $88.50.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.20. The business had revenue of $250.72 million for the quarter, compared to analysts’ expectations of $228.20 million. IPG Photonics had a negative net margin of 22.77% and a positive return on equity of 2.25%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. IPG Photonics has set its Q3 2025 guidance at 0.050-0.350 EPS. On average, analysts expect that IPG Photonics Corporation will post 1.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on IPGP shares. Wall Street Zen upgraded IPG Photonics from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Sanford C. Bernstein upgraded IPG Photonics from a “market perform” rating to an “outperform” rating and set a $97.00 price objective for the company in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $75.00.

Insider Buying and Selling at IPG Photonics

In related news, SVP Trevor Ness sold 1,678 shares of IPG Photonics stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $82.94, for a total value of $139,173.32. Following the sale, the senior vice president owned 42,243 shares in the company, valued at $3,503,634.42. The trade was a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeanmarie F. Desmond sold 1,360 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $76.24, for a total value of $103,686.40. Following the completion of the transaction, the director owned 9,740 shares of the company’s stock, valued at approximately $742,577.60. This trade represents a 12.25% decrease in their position. The disclosure for this sale can be found here. Insiders own 39.50% of the company’s stock.

IPG Photonics 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.