Motley Fool Wealth Management buys $13.2 Million stake in IPG Photonics Corporation (IPGP)

IPG Photonics Corporation (IPGP) : Motley Fool Wealth Management scooped up 5,902 additional shares in IPG Photonics Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 161,053 shares of IPG Photonics Corporation which is valued at $13.2 Million.IPG Photonics Corporation makes up approximately 1.58% of Motley Fool Wealth Management’s portfolio.

Other Hedge Funds, Including , Mackenzie Financial Corp added IPGP to its portfolio by purchasing 17,200 company shares during the most recent quarter which is valued at $1.4 Million. IPG Photonics Corporation makes up approx 0.01% of Mackenzie Financial Corp’s portfolio.Norges Bank reduced its stake in IPGP by selling 22,304 shares or 7.03% in the most recent quarter. The Hedge Fund company now holds 295,135 shares of IPGP which is valued at $24.2 Million. IPG Photonics Corporation makes up approx 0.01% of Norges Bank’s portfolio.Liberty Mutual Group Asset Management reduced its stake in IPGP by selling 9,006 shares or 38.41% in the most recent quarter. The Hedge Fund company now holds 14,443 shares of IPGP which is valued at $1.2 Million. IPG Photonics Corporation makes up approx 0.05% of Liberty Mutual Group Asset Management’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in IPGP by selling 322 shares or 3.32% in the most recent quarter. The Hedge Fund company now holds 9,370 shares of IPGP which is valued at $812,098. IPG Photonics Corporation makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.

IPG Photonics Corporation opened for trading at $81.21 and hit $83.15 on the upside on Friday, eventually ending the session at $82.37, with a gain of 1.55% or 1.26 points. The heightened volatility saw the trading volume jump to 2,69,601 shares. Company has a market cap of $4,372,035 M.

On the company’s financial health, IPG Photonics Corporation reported $0.92 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.99. The company had revenue of $207.20 million for the quarter, compared to analysts expectations of $209.50 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Many Wall Street Analysts have commented on IPG Photonics Corporation. FBR Capital Initiated IPG Photonics Corporation on May 11, 2016 to “Mkt Perform”, Price Target of the shares are set at $92.IPG Photonics Corporation was Downgraded by Credit Agricole to ” Outperform” on Apr 29, 2016. Shares were Reiterated by The Benchmark Company on Apr 28, 2016 to “Buy” and Lowered the Price Target to $ 93 from a previous price target of $98 .

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.

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