IPG Photonics Corporation (IPGP) : Baker Chad R reduced its stake in IPG Photonics Corporation by 0.77% during the most recent quarter end. The investment management company now holds a total of 51,685 shares of IPG Photonics Corporation which is valued at $5,140,073 after selling 400 shares in IPG Photonics Corporation , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.IPG Photonics Corporation makes up approximately 2.30% of Baker Chad R’s portfolio.
IPG Photonics Corporation opened for trading at $98.23 and hit $99.49 on the upside on Friday, eventually ending the session at $99.45, with a gain of 1.47% or 1.44 points. The heightened volatility saw the trading volume jump to 2,26,559 shares. Company has a market cap of $5,260 M.
Other Hedge Funds, Including , Trillium Asset Management boosted its stake in IPGP in the latest quarter, The investment management firm added 215 additional shares and now holds a total of 51,280 shares of IPG Photonics Corporation which is valued at $5,099,796. IPG Photonics Corporation makes up approx 0.33% of Trillium Asset Management’s portfolio.High Point Bank Trust Co reduced its stake in IPGP by selling 250 shares or 38.46% in the most recent quarter. The Hedge Fund company now holds 400 shares of IPGP which is valued at $39,780. IPG Photonics Corporation makes up approx 0.01% of High Point Bank Trust Co’s portfolio.Capital Impact Advisors boosted its stake in IPGP in the latest quarter, The investment management firm added 3,606 additional shares and now holds a total of 20,086 shares of IPG Photonics Corporation which is valued at $1,931,068. IPG Photonics Corporation makes up approx 0.91% of Capital Impact Advisors’s portfolio.
On the company’s financial health, IPG Photonics Corporation reported $1.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 12, 2016. Analyst had a consensus of $1.11. The company had revenue of $223.60 million for the quarter, compared to analysts expectations of $223.54 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.
Many Wall Street Analysts have commented on IPG Photonics Corporation. IPG Photonics Corporation was Initiated by Raymond James to “Mkt Perform” on Apr 15, 2016.
IPG Photonics Corporation is a developer and manufacturer of a range of fiber lasers fiber amplifiers and diode lasers that are used for various applications primarily in materials processing. The Company offers a line of lasers and amplifiers which are used in materials processing advanced communications and medical applications. The Company sells its products globally to original equipment manufacturers (OEMs) system integrators and end users and markets its products internationally through direct sales force. It designs and manufactures packaged diodes direct diode lasers laser systems communications systems and materials processing laser systems that utilize its optical fiber-based products as well as other laser sources. It also manufactures complementary products used with its lasers including optical delivery cables fiber couplers beam switches optical processing heads and chillers.