Eugene A. Shcherbakov Sells 9,500 Shares of IPG Photonics Corporation (IPGP) Stock

IPG Photonics Corporation (NASDAQ:IPGP) SVP Eugene A. Shcherbakov sold 9,500 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $256.56, for a total transaction of $2,437,320.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

IPG Photonics Corporation (NASDAQ:IPGP) traded down $1.67 during trading hours on Wednesday, hitting $254.53. 494,470 shares of the company traded hands, compared to its average volume of 704,299. IPG Photonics Corporation has a twelve month low of $97.03 and a twelve month high of $260.33. The company has a quick ratio of 7.46, a current ratio of 9.02 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $13,700.00, a PE ratio of 37.43, a PEG ratio of 2.65 and a beta of 1.71.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $2.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.32. IPG Photonics had a net margin of 27.85% and a return on equity of 21.17%. The firm had revenue of $392.62 million during the quarter, compared to analysts’ expectations of $367.27 million. During the same period in the previous year, the business posted $1.29 earnings per share. The company’s revenue for the quarter was up 47.6% compared to the same quarter last year. research analysts predict that IPG Photonics Corporation will post 7.13 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Advantage Investment Management LLC boosted its position in IPG Photonics by 366.5% during the third quarter. Advantage Investment Management LLC now owns 933 shares of the semiconductor company’s stock worth $173,000 after purchasing an additional 733 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in IPG Photonics by 10.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,380 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 131 shares during the period. Elefante Mark B bought a new position in IPG Photonics during the third quarter worth $201,000. Fulton Bank N.A. bought a new position in IPG Photonics during the third quarter worth $202,000. Finally, Aurora Investment Counsel bought a new position in IPG Photonics during the fourth quarter worth $219,000. 56.38% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on IPGP shares. Zacks Investment Research cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of IPG Photonics in a research note on Wednesday, November 1st. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price (up from $182.00) on shares of IPG Photonics in a research note on Friday, October 20th. DA Davidson reissued a “buy” rating and issued a $220.00 target price on shares of IPG Photonics in a research note on Tuesday, October 10th. Finally, ValuEngine cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. IPG Photonics has a consensus rating of “Buy” and an average price target of $180.33.

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About IPG Photonics

IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.

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