Ipg Photonics Corp (IPGP): Gapontsev Trust I Valentin , 10% owner of Ipg Photonics Corp sold 22,000 shares on Jun 30, 2016. The Insider selling transaction was reported by the company on Jul 1, 2016 to the Securities and Exchange Commission. The shares were sold at $80.07 per share for a total value of $1,761,540.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 27, 2016, Gapontsev Trust I Valentin (10% owner) sold 500 shares at $85.06 per share price.On Apr 27, 2016, Henry E Gauthier (director) sold 10,001 shares at $100.42 per share price.Also, On Apr 25, 2016, Alexander Ovtchinnikov (SVP, Components) sold 3,584 shares at $99.12 per share price.On Apr 14, 2016, Eugene A Shcherbakov (director officer 10% owner (SVP, MD IPG Laser Gmb) sold 2,750 shares at $98.50 per share price.
IPG Photonics Corporation: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in IPG Photonics Corporation which led to swings in the share price. The shares opened for trading at $79.85 and hit $81.15 on the upside , eventually ending the session at $79.6, with a gain of 2.41% or 1.87 points. The heightened volatility saw the trading volume jump to 3,13,501 shares. The 52-week high of the share price is $102.9 and the company has a market cap of $4,225 M . The 52-week low of the share price is at $70.21.
Company has been under the radar of several Street Analysts.IPG Photonics Corporation is Upgraded by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 90 from a previous price target of $85 .Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Jun 29, 2016.IPG Photonics Corporation is Initiated by FBR Capital to Mkt Perform and the brokerage firm has set the Price Target at $92. The Rating was issued on May 11, 2016.IPG Photonics Corporation is Downgraded by Credit Agricole to Outperform. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 29, 2016.IPG Photonics Corporation is Reiterated by The Benchmark Company to Buy while Lowering the Price Target of the company shares to $ 93 from a previous price target of $98 . The Rating was issued on Apr 28, 2016.IPG Photonics Corporation is Initiated by Raymond James to Mkt Perform. The Rating was issued 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.