November 30, 2016 - By Peter Erickson · 0 Comments
Ipg Photonics Corp (NASDAQ:IPGP) institutional sentiment increased to 1.25 in Q2 2016. Its up 0.03, from 1.22 in 2016Q1. The ratio has increased, as 144 active investment managers increased and started new stock positions, while 118 sold and reduced positions in Ipg Photonics Corp. The active investment managers in our partner’s database now hold: 30.99 million shares, down from 33.87 million shares in 2016Q1. Also, the number of active investment managers holding Ipg Photonics Corp in their top 10 stock positions decreased from 4 to 1 for a decrease of 3. Sold All: 26 Reduced: 92 Increased: 104 New Position: 40.
IPG Photonics Corporation is engaged in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers and related optical components. The company has a market cap of $5.04 billion. The Firm offers a line of lasers and amplifiers, which are used in materials processing, advanced communications and medical applications. It has a 20.9 P/E ratio. The Firm sells its products globally to original equipment manufacturers , system integrators and end users.
About 30,036 shares traded hands. IPG Photonics Corporation (NASDAQ:IPGP) has declined 6.26% since April 27, 2016 and is downtrending. It has underperformed by 11.49% the S&P500.
Analysts await IPG Photonics Corporation (NASDAQ:IPGP) to report earnings on February, 10. They expect $1.24 EPS, up 8.77% or $0.10 from last year’s $1.14 per share. IPGP’s profit will be $65.13M for 19.34 P/E if the $1.24 EPS becomes a reality. After $1.29 actual EPS reported by IPG Photonics Corporation for the previous quarter, Wall Street now forecasts -3.88% negative EPS growth.
According to Zacks Investment Research, “IPG PHOTONICS is the world leader in high-power fiber lasers and amplifiers. IPG pioneered the development and commercialization of optical fiber-based lasers for use in a wide range of applications such as materials processing, advanced applications, telecommunications and medical applications. Fiber lasers have revolutionized the industry by delivering superior performance, reliability and usability at a lower total cost of ownership compared with conventional lasers, allowing end users to increase productivity and decrease operating costs. IPG has its headquarters in Oxford, Massachusetts, and has additional plants and offices throughout the world.”
Provident Investment Management Inc. holds 3.78% of its portfolio in IPG Photonics Corporation for 229,364 shares. Garrison Bradford & Associates Inc owns 36,990 shares or 2.9% of their US portfolio. Moreover, Weatherbie Capital Llc has 2.57% invested in the company for 226,538 shares. The Connecticut-based Westport Advisers Llc has invested 2.26% in the stock. Reynders Mcveigh Capital Management Llc, a Massachusetts-based fund reported 140,580 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 3 selling transactions for $2.23 million net activity.
Ratings analysis reveals 60% of IPG Photonics’s analysts are positive. Out of 10 Wall Street analysts rating IPG Photonics, 6 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $80 while the high is $120. The stock’s average target of $97.17 is 1.27% above today’s ($95.95) share price. IPGP was included in 13 notes of analysts from September 15, 2015. The firm has “Neutral” rating given on Thursday, April 28 by Dougherty & Company. FBR Capital initiated IPG Photonics Corporation (NASDAQ:IPGP) rating on Wednesday, November 11. FBR Capital has “Outperform” rating and $120 price target. As per Wednesday, May 11, the company rating was initiated by FBR Capital. The company was downgraded on Friday, April 29 by CLSA. The stock has “Hold” rating given by Canaccord Genuity on Tuesday, September 15. The rating was initiated by Oppenheimer on Thursday, December 10 with “Perform”. The rating was maintained by Needham with “Buy” on Tuesday, October 13. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, June 29. On Wednesday, October 28 the stock rating was maintained by Benchmark with “Buy”. The firm earned “Outperform” rating on Friday, April 29 by Credit Agricole.
IPG Photonics Corporation, incorporated on December 2, 1998, is engaged in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers and related optical components. The Firm offers a line of lasers and amplifiers, which are used in materials processing, advanced communications and medical applications. The Firm sells its products globally to original equipment manufacturers (OEMs), system integrators and end users. The Firm has sales offices in the United States, Germany, Russia, Italy, Turkey, the United Kingdom, France, Spain, Poland, Czech Republic, China, Japan, South Korea, Singapore and India. The Company’s manufacturing facilities are located in the United States, Germany and Russia. The Firm also makes complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switches, optical processing heads and chillers. In addition, the Company offers laser systems for certain markets and applications.
More notable recent IPG Photonics Corporation (NASDAQ:IPGP) news were published by: Fool.com which released: “Why IPG Photonics Corp. Stock Slumped Today” on April 28, 2016, also Fool.com with their article: “Small Cap Low-Risk Pick No. 2: IPG Photonics Corp.” published on April 08, 2016, Fool.com published: “IPG Photonics Corp. Earnings: These Lasers Are Right on Target” on July 29, 2016. More interesting news about IPG Photonics Corporation (NASDAQ:IPGP) were released by: Businesswire.com and their article: “IPG Photonics Acquires Menara Networks to Capitalize on Growing Optical …” published on May 09, 2016 as well as Seekingalpha.com‘s news article titled: “IPG Photonics Corp. (IPGP) CEO Valentin Gapontsev on Q2 2016 Results …” with publication date: July 28, 2016.
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By Peter Erickson