IPG Photonics Corporation (IPGP) : Westport Advisers reduced its stake in IPG Photonics Corporation by 17.4% during the most recent quarter end. The investment management company now holds a total of 184,400 shares of IPG Photonics Corporation which is valued at $15.1 Million after selling 38,849 shares in IPG Photonics Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.IPG Photonics Corporation makes up approximately 2.38% of Westport Advisers’s portfolio.
Other Hedge Funds, Including , Susquehanna International Group Llp sold out all of its stake in IPGP during the most recent quarter. The investment firm sold 2,408 shares of IPGP which is valued $197,793.Motley Fool Wealth Management boosted its stake in IPGP in the latest quarter, The investment management firm added 5,902 additional shares and now holds a total of 161,053 shares of IPG Photonics Corporation which is valued at $13.2 Million. IPG Photonics Corporation makes up approx 1.58% of Motley Fool Wealth Management’s portfolio.Blackrock Advisors boosted its stake in IPGP in the latest quarter, The investment management firm added 522 additional shares and now holds a total of 17,687 shares of IPG Photonics Corporation which is valued at $1.5 Million.Alphamark Advisors boosted its stake in IPGP in the latest quarter, The investment management firm added 3,095 additional shares and now holds a total of 25,872 shares of IPG Photonics Corporation which is valued at $2.2 Million. IPG Photonics Corporation makes up approx 1.18% of Alphamark Advisors’s portfolio. Nisa Investment Advisors L.l.c. added IPGP to its portfolio by purchasing 3,100 company shares during the most recent quarter which is valued at $268,677.
IPG Photonics Corporation opened for trading at $85.26 and hit $85.38 on the upside on Wednesday, eventually ending the session at $85.2, with a gain of 0.63% or 0.53 points. The heightened volatility saw the trading volume jump to 2,48,411 shares. Company has a market cap of $4,522 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.