Today it was reported that a Director at IPG Photonics Corporation (IPGP), Michael Child, exercised options to buy 6,667 IPGP shares at $11.07 a share, for a total transaction value of $73.8K.
Following this transaction Michael Child’s holding in the company was increased by 29.68% to a total of $4.31 million.
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IPGP’s market cap is $7.83B and the company has a P/E ratio of 20.05. Currently, IPG Photonics Corporation has an average volume of 232.2K.
Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $160.17, reflecting a 10.2% upside. Four different firms, including D.A. Davidson and Needham, currently also have a Buy rating on the stock.
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IPG Photonics Corp. engages in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers, and related optical components. Its products include lasers, laser systems, beam delivery, medical, telecom equipment, product finder, and components such as pump diodes, chillers, and mid-IR crystals.
