Juncture Wealth Strategies buys $978,994 stake in IPG Photonics Corporation (IPGP)

IPG Photonics Corporation (IPGP) : Juncture Wealth Strategies scooped up 340 additional shares in IPG Photonics Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 11, 2016. The investment management firm now holds a total of 10,183 shares of IPG Photonics Corporation which is valued at $978,994.IPG Photonics Corporation makes up approximately 0.73% of Juncture Wealth Strategies’s portfolio.

IPG Photonics Corporation closed down -1.71 points or -1.75% at $96.14 with 2,27,032 shares getting traded on Friday. Post opening the session at $97.12, the shares hit an intraday low of $94.98 and an intraday high of $97.14 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Eagle Asset Management Inc reduced its stake in IPGP by selling 277,459 shares or 26.1% in the most recent quarter. The Hedge Fund company now holds 785,779 shares of IPGP which is valued at $73,698,212. IPG Photonics Corporation makes up approx 0.52% of Eagle Asset Management Inc’s portfolio. Proficio Capital Partners added IPGP to its portfolio by purchasing 6 company shares during the most recent quarter which is valued at $563.Conestoga Capital Advisors reduced its stake in IPGP by selling 2,425 shares or 26.56% in the most recent quarter. The Hedge Fund company now holds 6,705 shares of IPGP which is valued at $628,862. IPG Photonics Corporation makes up approx 0.04% of Conestoga Capital Advisors’s portfolio.Creative Planning reduced its stake in IPGP by selling 1,650 shares or 37.56% in the most recent quarter. The Hedge Fund company now holds 2,743 shares of IPGP which is valued at $257,266.

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.

Leave a Reply

IPG Photonics Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on IPG Photonics Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.