Bowen Hanes & Co INC Has Cut Its Ipg Photonics (IPGP) Holding as Share Price Rose

June 14, 2018 - By reb123z

IPG Photonics Corporation (NASDAQ:IPGP) LogoInvestors sentiment decreased to 0.84 in Q1 2018. Its down 0.09, from 0.93 in 2017Q4. It dropped, as 36 investors sold IPGP shares while 173 reduced holdings. 66 funds opened positions while 109 raised stakes. 28.90 million shares or 0.95% more from 28.63 million shares in 2017Q4 were reported. Moreover, Denali Advsrs has 0.07% invested in IPG Photonics Corporation (NASDAQ:IPGP). Paloma Prtnrs Mngmt Communication holds 0.04% or 11,326 shares in its portfolio. Moreover, Colony Group Inc Limited Liability Corporation has 0.02% invested in IPG Photonics Corporation (NASDAQ:IPGP). Dupont Capital Management reported 3,491 shares. Ls Invest Advsr Ltd Liability Corporation holds 0.03% in IPG Photonics Corporation (NASDAQ:IPGP) or 2,497 shares. Westpac Banking Corp has 2,150 shares for 0% of their portfolio. Needham Ltd Liability Com invested 0.87% in IPG Photonics Corporation (NASDAQ:IPGP). 6,058 are owned by Zacks Management. Wealthtrust owns 1 shares. Genesee Valley Tru Company owns 0.15% invested in IPG Photonics Corporation (NASDAQ:IPGP) for 1,490 shares. Origin Asset Limited Liability Partnership holds 36,200 shares or 0.53% of its portfolio. Andra Ap accumulated 10,600 shares. Brown Capital Ltd Co, Maryland-based fund reported 2,580 shares. Burney owns 2,100 shares for 0.03% of their portfolio. 12,610 were accumulated by Broderick Brian C.

Since January 8, 2018, it had 0 buys, and 14 sales for $23.85 million activity. Shcherbakov Eugene A sold $2.44 million worth of stock. $1.32M worth of stock was sold by HURLEY WILLIAM S on Friday, May 11. Shares for $685,687 were sold by PEELER JOHN R. 20,000 shares were sold by Valentin Gapontsev Trust I, worth $4.67 million. Another trade for 5,000 shares valued at $1.29M was made by GAUTHIER HENRY E on Friday, January 12. Lopresti Angelo P sold $2.48M worth of stock or 9,500 shares.

Bowen Hanes & Co Inc decreased its stake in Ipg Photonics (IPGP) by 9.68% based on its latest 2018Q1 regulatory filing with the SEC. Bowen Hanes & Co Inc sold 15,000 shares as the company’s stock rose 0.74% while stock markets declined. The institutional investor held 140,000 shares of the semiconductors company at the end of 2018Q1, valued at $32.67M, down from 155,000 at the end of the previous reported quarter. Bowen Hanes & Co Inc who had been investing in Ipg Photonics for a number of months, seems to be less bullish one the $12.91B market cap company. The stock decreased 0.41% or $1 during the last trading session, reaching $240.34. About 157,345 shares traded. IPG Photonics Corporation (NASDAQ:IPGP) has risen 81.13% since June 14, 2017 and is uptrending. It has outperformed by 68.56% the S&P500.

Analysts await IPG Photonics Corporation (NASDAQ:IPGP) to report earnings on August, 7. They expect $2.22 earnings per share, up 16.23 % or $0.31 from last year’s $1.91 per share. IPGP’s profit will be $119.20 million for 27.07 P/E if the $2.22 EPS becomes a reality. After $1.93 actual earnings per share reported by IPG Photonics Corporation for the previous quarter, Wall Street now forecasts 15.03 % EPS growth.

More important recent IPG Photonics Corporation (NASDAQ:IPGP) news were published by: Fool.com which released: “These 3 Stocks Doubled in 2017 — Are They Still Buys?” on June 04, 2018, also Nasdaq.com published article titled: “IPG Photonics to Participate in Upcoming Investor Conferences”, Globenewswire.com published: “New Research Coverage Highlights Universal Insurance Holdings, Harmony Gold Mining Company, Schweitzer …” on June 07, 2018. More interesting news about IPG Photonics Corporation (NASDAQ:IPGP) was released by: Fool.com and their article: “Wall Street Announces Ratings for nLIGHT: What You Need to Know” with publication date: May 21, 2018.

IPG Photonics Corporation (NASDAQ:IPGP) Ratings Coverage

Among 6 analysts covering Ipg Photonics Corp (NASDAQ:IPGP), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Ipg Photonics Corp had 8 analyst reports since January 23, 2018 according to SRatingsIntel. Needham maintained IPG Photonics Corporation (NASDAQ:IPGP) rating on Tuesday, January 23. Needham has “Buy” rating and $280.0 target. As per Thursday, May 10, the company rating was maintained by Stifel Nicolaus. Canaccord Genuity maintained it with “Hold” rating and $235 target in Tuesday, February 20 report. On Wednesday, May 2 the stock rating was maintained by Benchmark with “Buy”. Northcoast maintained IPG Photonics Corporation (NASDAQ:IPGP) on Wednesday, January 31 with “Buy” rating. The firm has “Hold” rating by Stifel Nicolaus given on Friday, February 16.

IPG Photonics Corporation (NASDAQ:IPGP) Institutional Positions Chart

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