IPG Photonics Corporation (NASDAQ:IPGP) Receives Average Recommendation of "Buy" from Analysts

Paterniano Del Favero
Luglio 29, 2017

The firm bought 3,565 shares of the semiconductor company's stock, valued at approximately $430,000. Scientific Games Corp now has $3.40 billion valuation. The stock declined 0.53% or $0.38 reaching $71.35 per share. About 99,050 shares traded. It has underperformed by 16.70% the S&P500.

Reynders Mcveigh Capital Management Llc decreased Ipg Photonics Corp (IPGP) stake by 11.41% reported in 2016Q4 SEC filing. Rockefeller Financial Services Inc. raised its stake in IPG Photonics Corporation by 2.7% in the second quarter. It also reduced its holding in Penske Automotive (NYSE:PAG) by 95,154 shares in the quarter, leaving it with 676,139 shares, and cut its stake in Synovus Financial Corp (NYSE:SNV). Ipg Photonics Corp now has $8.43 billion valuation. Canaccord Genuity initiated IPG Photonics Corporation (NASDAQ:IPGP) rating on Tuesday, September 15. It has outperformed by 50.94% the S&P500. (NYSE:KNL) stake by 37,330 shares to 497,380 valued at $13.89M in 2016Q4. F5 Networks Inc (NASDAQ:FFIV) was raised too. More interesting news about IPG Photonics Corporation (NASDAQ:IPGP) were released by: Globenewswire.com and their article: "IPG Photonics Announces Agreement to Acquire Innovative Laser Technologies" published on June 19, 2017 as well as Pehub.com's news article titled: "GGC sells ILT to IPG Photonics Corp for $40 ml" with publication date: July 12, 2017. Therefore 43% are positive. IPG Photonics had 22 analyst reports since September 15, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Friday, June 16 by Canaccord Genuity. On June 6 the company was upgraded from " to "Buy" in an announcement from Longbow Research. The firm earned "Neutral" rating on Wednesday, April 6 by Sterne Agee CRT. Wedbush maintained it with "Outperform" rating and $55 target in Wednesday, May 3 report. Stifel Nicolaus boosted their target price on IPG Photonics Corporation from $135.00 to $145.00 and gave the stock a "hold" rating in a research report on Friday, June 30th. The stock of IPG Photonics Corporation (NASDAQ:IPGP) earned "Buy" rating by Benchmark on Monday, January 30. On Monday, September 21 the stock rating was maintained by Sterne Agee CRT with "Buy". TH Capital maintained it with "Buy" rating and $18.0 target in Monday, August 24 report. The firm has "Buy" rating given on Tuesday, January 31 by Needham.

Since May 2, 2017, it had 0 insider buys, and 6 insider sales for $5.12 million activity. With 297,700 avg volume, 7 days are for Ipg Photonics Corporation (NASDAQ:IPGP)'s short sellers to cover IPGP's short positions. The insider SEIFERT THOMAS J sold 2,849 shares worth $403,048.

In other news, SVP Angelo P. Lopresti sold 4,626 shares of IPG Photonics Corporation stock in a transaction that occurred on Thursday, May 11th. Another trade for 600 shares valued at $26,376 was sold by Macri Edmond.

Investors sentiment decreased to 0.96 in 2016 Q4. Its down 0.29, from 1.25 in 2016Q3. It dived, as 36 investors sold Wayfair Inc shares while 38 reduced holdings. American Capital Management Inc claims 142,685 shares worth $20,704,000. Winslow Evans & Crocker Inc. boosted its position in IPG Photonics Corporation by 2.0% in the second quarter. Alps reported 0% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Creative Planning has invested 0% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Arizona State Retirement System has invested 0.02% in IPG Photonics Corporation (NASDAQ:IPGP). Atria Invs Ltd Liability Co holds 0.03% in IPG Photonics Corporation (NASDAQ:IPGP) or 3,963 shares.

Neumeier Poma Investment Counsel Llc increased Ipg Photonics Corp. Blair William Company Il reported 3,760 shares. Riverhead Lc holds 1,100 shares. Alphamark Advsr Limited Liability Corp, Kentucky-based fund reported 82 shares. Needham & Company LLC boosted their target price on shares of IPG Photonics Corporation from $146.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, June 20th. On average, equities research analysts predict that IPG Photonics Corporation will post $5.95 EPS for the current year. Therefore 88% are positive. Altria Group Inc. had 29 analyst reports since July 31, 2015 according to SRatingsIntel. As per Friday, April 15, the company rating was initiated by Raymond James. The rating was initiated by DA Davidson on Monday, September 21 with "Buy".

06/20/2017 - IPG Photonics Corporation had its "buy" rating reiterated by analysts at Needham & Company. The firm has "Outperform" rating by Credit Agricole given on Friday, April 29. The rating was maintained by Piper Jaffray on Thursday, December 29 with "Overweight". The stock has "Buy" rating by Maxim Group on Wednesday, November 9. Canaccord Genuity has "Hold" rating and $85 target. The rating was downgraded by Bank of America to "Underperform" on Thursday, August 25.

Investors sentiment decreased to 1.12 in 2016 Q4. The stock declined 0.01% or $0.01 reaching $153.91 on the news. The shares were sold at an average price of $140.00, for a total transaction of $28,000.00. 45 funds opened positions while 144 raised stakes. 305.69 million shares or 5.34% less from 322.94 million shares in 2016Q3 were reported. Kcg Inc reported 341,156 shares. First Interstate Bancorp holds 0.03% in SRC Energy Inc (NYSEMKT:SRCI) or 15,625 shares. Moreover, Rock Springs Capital Management Lp has 0.02% invested in the company for 380,000 shares. Landscape Cap Mngmt Ltd Co holds 609,500 shares or 1.27% of its portfolio. The New York-based Amer Grp Inc Inc has invested 0% in Scientific Games Corp (NASDAQ:SGMS). 191,823 are held by Parametric Port Assocs Ltd Liability. Amica Mutual Insurance, Rhode Island-based fund reported 194,241 shares. Polar Capital Ltd Liability Partnership invested in 235,817 shares or 0.1% of the stock. The Public Employees Retirement Association Of Colorado holds 1.60M shares with $108.02M value, down from 1.62M last quarter. Icon Advisers reported 0.62% stake. The Japan-based Daiwa Secs Group has invested 1.61% in DDR Corp (NYSE:DDR).

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