Notable Price Action: What’s IPG Photonics Corporation Upside After Today’s Huge Increase?

Notable Price Action: What's IPG Photonics Corporation Upside After Today's Huge Increase?

The stock of IPG Photonics Corporation (NASDAQ:IPGP) is a huge mover today! About 312,337 shares traded hands or 45.33% up from the average. IPG Photonics Corporation (NASDAQ:IPGP) has declined 3.42% since March 3, 2016 and is downtrending. It has underperformed by 11.76% the S&P500.
The move comes after 7 months positive chart setup for the $4.58 billion company. It was reported on Oct, 6 by Barchart.com. We have $141.28 PT which if reached, will make NASDAQ:IPGP worth $3.07B more.

Analysts await IPG Photonics Corporation (NASDAQ:IPGP) to report earnings on October, 25. They expect $1.23 EPS, up 4.24% or $0.05 from last year’s $1.18 per share. IPGP’s profit will be $66.59M for 17.20 P/E if the $1.23 EPS becomes a reality. After $1.25 actual EPS reported by IPG Photonics Corporation for the previous quarter, Wall Street now forecasts -1.60% negative EPS growth.

IPG Photonics Corporation (NASDAQ:IPGP) Ratings Coverage

Out of 10 analysts covering IPG Photonics (NASDAQ:IPGP), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. IPG Photonics has been the topic of 13 analyst reports since September 15, 2015 according to StockzIntelligence Inc. As per Wednesday, November 11, the company rating was initiated by FBR Capital. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, June 29. The company was initiated on Thursday, December 10 by Oppenheimer. The firm earned “Buy” rating on Tuesday, October 13 by Needham. Credit Agricole downgraded the stock to “Outperform” rating in Friday, April 29 report. The rating was initiated by Raymond James with “Market Perform” on Friday, April 15. The firm earned “Buy” rating on Monday, September 21 by DA Davidson. The stock of IPG Photonics Corporation (NASDAQ:IPGP) has “Buy” rating given on Wednesday, October 28 by Benchmark. The firm has “Hold” rating given on Tuesday, September 15 by Canaccord Genuity. The stock of IPG Photonics Corporation (NASDAQ:IPGP) earned “Neutral” rating by Dougherty & Company on Thursday, April 28.

According to Zacks Investment Research, “IPG PHOTONICS is the world leader in high-power fiber lasers and amplifiers. IPG pioneered the development and commercialization of optical fiber-based lasers for use in a wide range of applications such as materials processing, advanced applications, telecommunications and medical applications. Fiber lasers have revolutionized the industry by delivering superior performance, reliability and usability at a lower total cost of ownership compared with conventional lasers, allowing end users to increase productivity and decrease operating costs. IPG has its headquarters in Oxford, Massachusetts, and has additional plants and offices throughout the world.”

Insitutional Activity: The institutional sentiment increased to 1.22 in Q2 2016. Its up 0.35, from 0.87 in 2016Q1. The ratio improved, as 26 funds sold all IPG Photonics Corporation shares owned while 92 reduced positions. 40 funds bought stakes while 104 increased positions. They now own 30.99 million shares or 8.49% less from 33.87 million shares in 2016Q1.
Dalton Greiner Hartman Maher And holds 0.67% or 135,276 shares in its portfolio. Guggenheim Cap Ltd has invested 0.03% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Granahan Invest Mgmt Ma last reported 0.24% of its portfolio in the stock. Essex Investment Management Company Ltd Limited Liability Company holds 0.25% or 18,959 shares in its portfolio. Geode Capital Management Ltd Liability Company last reported 247,031 shares in the company. Bnp Paribas Arbitrage holds 0.01% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP) for 14,460 shares. Teachers Retirement Sys Of The State Of Kentucky has 123,300 shares for 0.13% of their US portfolio. Marshall Wace Ltd Liability Partnership has 168,300 shares for 0.11% of their US portfolio. Ftb, a Tennessee-based fund reported 183 shares. Janney Montgomery Scott Lc last reported 20,517 shares in the company. Kennedy Capital Mngmt accumulated 260,384 shares or 0.42% of the stock. The Georgia-based Voya Investment Limited Liability has invested 0% in IPG Photonics Corporation (NASDAQ:IPGP). Pnc Svcs Gp accumulated 0% or 2,407 shares. Barclays Public Ltd Co reported 17,924 shares or 0% of all its holdings. Goldman Sachs Group Incorporated holds 0% or 118,813 shares in its portfolio.

Insider Transactions: Since April 13, 2016, the stock had 1 insider purchase, and 7 selling transactions for $7.75 million net activity. The insider Shcherbakov Eugene A sold 2,750 shares worth $270,875. On Tuesday, May 24 Valentin Gapontsev Trust I sold $850,552 worth of the stock or 10,000 shares. 3,584 shares with value of $355,246 were sold by Ovtchinnikov Alexander on Friday, April 22. Shares for $249,360 were bought by Lego Catherine P on Tuesday, August 2. Shares for $1.00 million were sold by GAUTHIER HENRY E on Tuesday, April 26.

More notable recent IPG Photonics Corporation (NASDAQ:IPGP) news were published by: Fool.com which released: “Why IPG Photonics Corp. Stock Slumped Today” on April 28, 2016, also Fool.com with their article: “IPG Photonics Corp. Earnings: These Lasers Are Right on Target” published on July 29, 2016, Fool.com published: “Small Cap Low-Risk Pick No. 2: IPG Photonics Corp.” on April 08, 2016. More interesting news about IPG Photonics Corporation (NASDAQ:IPGP) were released by: Businesswire.com and their article: “IPG Photonics Acquires Menara Networks to Capitalize on Growing Optical …” published on May 09, 2016 as well as Seekingalpha.com‘s news article titled: “IPG Photonics Corp. (IPGP) CEO Valentin Gapontsev on Q2 2016 Results …” with publication date: July 28, 2016.

IPGP Company Profile

IPG Photonics Corporation, incorporated on December 2, 1998, is engaged in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers and related optical components. The Firm offers a line of lasers and amplifiers, which are used in materials processing, advanced communications and medical applications. The Firm sells its products globally to original equipment manufacturers (OEMs), system integrators and end users. The Firm has sales offices in the United States, Germany, Russia, Italy, Turkey, the United Kingdom, France, Spain, Poland, Czech Republic, China, Japan, South Korea, Singapore and India. The Company’s manufacturing facilities are located in the United States, Germany and Russia. The Firm also makes complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switches, optical processing heads and chillers. In addition, the Company offers laser systems for certain markets and applications.

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