IPG Photonics (NASDAQ:IPGP) Earns Coverage Optimism Rating of 0.12

Mae Love
January 13, 2018

The stock decreased 1.06% or GBX 1.8 during the last trading session, reaching GBX 168.2. Current price places the company's stock 10% away from its 200-day simple moving average, 15.57%, away from the 50-day average and also 9.03% away from 20-day average. (NYSE:NUS) has risen 46.60% since January 12, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Granahan Investment Management Inc decreased its stake in Ipg Photonics (IPGP) by 12.99% based on its latest 2017Q3 regulatory filing with the SEC. The institutional investor held 54,271 shares of the semiconductors company at the end of 2017Q3, valued at $10.04M, up from 52,566 at the end of the previous reported quarter. Logan Capital Management Inc who had been investing in Ipg Photonics Corp Com for a number of months, seems to be bullish on the $13.59B market cap company. About 318,539 shares traded.

IPG Photonics Corporation (NASDAQ:IPGP) shares ended at $258.33 with 0.45 mln shares exchanging hands. It has outperformed by 56.79% the S&P500.

Investors sentiment decreased to 1.02 in Q3 2017.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPGP. Dimensional Fund Advisors LP raised its position in shares of IPG Photonics by 1.5% in the second quarter. Louisiana State Employees Retirement Sys has invested 0.09% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). 144,227 were accumulated by Ameriprise Inc. Zacks' sales averages are a mean average based on a survey of research firms that follow IPG Photonics. Moreover, Acadian Asset Mngmt Ltd Liability Corporation has 0% invested in Nu Skin Enterprises, Inc. Stifel Financial owns 11,090 shares for 0.01% of their portfolio. 1,321 are held by Fifth Third Retail Bank. Brown Cap Ltd Llc stated it has 3,821 shares or 0.01% of all its holdings. 68,423 were reported by Macquarie Gru. Rockefeller Fincl Services reported 0.6% in IPG Photonics Corporation (NASDAQ:IPGP). 4,350 were accumulated by Aureus Asset Ltd Liability Co. Page Arthur B holds 0.63% or 3,885 shares in its portfolio. Public Employees Retirement System of OH grew its holdings in shares of IPG Photonics by 84.2% in the 3rd quarter. M&T Bank & Trust holds 2,605 shares or 0% of its portfolio. Numeric Limited Liability Co holds 0% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP) for 1,500 shares. HURLEY WILLIAM S had sold 8,167 shares worth $1.35M on Thursday, August 24. Currently, Ipg Photonics Corp (IPGP) has a 14-day ATR of 6.47. They expect $0.48 earnings per share, up 9.09% or $0.04 from last year's $0.44 per share. IPGP's profit would be $91.15M giving it 37.28 P/E if the $1.70 EPS is correct. After $2.11 actual EPS reported by IPG Photonics Corporation for the previous quarter, Wall Street now forecasts -19.43% negative EPS growth. Zacks Investment Research cut shares of IPG Photonics from a "buy" rating to a "hold" rating in a report on Tuesday, October 17th. Therefore 100% are positive. Needham & Company LLC raised their price objective on IPG Photonics from $110.00 to $120.00 and gave the company a "buy" rating in a report on Monday, January 30th. The firm earned "Buy" rating on Wednesday, June 29 by Canaccord Genuity. The stock of IPG Photonics Corporation (NASDAQ:IPGP) has "Buy" rating given on Wednesday, August 2 by Benchmark.

Analysts await IPG Photonics Corporation (NASDAQ:IPGP) to report earnings on February, 13. Barclays Public Limited Liability Corporation has invested 0.01% in IPG Photonics Corporation (NASDAQ:IPGP). Canaccord Genuity has "Hold" rating and $16200 target. Canaccord Genuity has "Hold" rating and $85 target. Finally, Needham & Company LLC boosted their target price on IPG Photonics from $210.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, November 1st. The rating was maintained by Needham with "Buy" on Tuesday, October 13. The company was maintained on Thursday, December 8 by FBR Capital.

Logan Capital Management Inc, which manages about $2.06 billion and $1.40 billion US Long portfolio, decreased its stake in Ishares Tr Core Msci Eafe (IEFA) by 6,453 shares to 5,647 shares, valued at $362,000 in 2017Q3, according to the filing. It also increased its holding in Stag Industrial (NYSE:STAG) by 14,400 shares in the quarter, for a total of 246,895 shares, and has risen its stake in Douglas Dynamics (NYSE:PLOW). The shares were sold at an average price of $256.56, for a total transaction of $2,437,320.00.

Among 36 analysts covering Qualcomm Inc. The stock has "Neutral" rating by Dougherty & Company on Thursday, April 28. Qualcomm Inc. had 122 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has "Buy" rating by DA Davidson given on Monday, September 21. The stock has "Hold" rating by Bernstein on Thursday, November 2. The rating was maintained by JMP Securities with "Market Outperform" on Wednesday, March 9. The rating was initiated by Raymond James with "Market Perform" on Friday, April 15. The company was maintained on Thursday, August 31 by Stifel Nicolaus.

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