Breaking: IPG Photonics (NDAQ:IPGP) Buy Rating Maintained by Needham Today; The Target Price per Share is Set to $160.00

June 20, 2017 - By reb123z

 Breaking: IPG Photonics (NDAQ:IPGP) Buy Rating Maintained by Needham Today; The Target Price per Share is Set to $160.00

Investors sentiment decreased to 0.96 in Q4 2016. Its down 0.29, from 1.25 in 2016Q3. It fall, as 20 investors sold IPG Photonics Corporation shares while 106 reduced holdings. 38 funds opened positions while 83 raised stakes. 30.61 million shares or 0.33% less from 30.71 million shares in 2016Q3 were reported.

Tocqueville Asset Management L P, a New York-based fund reported 5,000 shares. Kcg Holding stated it has 0.01% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Aqr Llc holds 0% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP) for 12,784 shares. Holland Cap Ltd Liability reported 29,010 shares stake. Emerald Advisers Pa has 172,173 shares. Ironbridge Cap Mgmt Ltd Partnership owns 0.17% invested in IPG Photonics Corporation (NASDAQ:IPGP) for 37,941 shares. Provident Mngmt Inc has invested 4.5% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Next Fincl Gru has invested 0% in IPG Photonics Corporation (NASDAQ:IPGP). 23,277 are held by Janney Montgomery Scott Ltd Liability Company. Qs Investors Lc stated it has 0% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Credit Agricole S A has invested 0.01% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Fmr Limited Liability Corp owns 2.96M shares. Reinhart Partners owns 0.18% invested in IPG Photonics Corporation (NASDAQ:IPGP) for 19,860 shares. Comerica National Bank reported 0.04% stake. Alphamark Advsr Ltd Liability Com owns 82 shares or 0% of their US portfolio.

Since May 2, 2017, it had 0 insider buys, and 6 insider sales for $5.12 million activity. On Thursday, May 11 Lopresti Angelo P sold $638,388 worth of IPG Photonics Corporation (NASDAQ:IPGP) or 4,626 shares. Valentin Gapontsev Trust I also sold $3.22 million worth of IPG Photonics Corporation (NASDAQ:IPGP) shares. SEIFERT THOMAS J sold $552,487 worth of stock or 3,950 shares.

IPG Photonics (NDAQ:IPGP) Rating Reaffirmed

Analysts at Needham now has a $160.00 target on IPG Photonics (NDAQ:IPGP). Needham and their recent target suggests a potential upside of 10.82 % from the company’s current price. The rating has been revealed in a research note on Tuesday, 20 June.

Investors sentiment decreased to 0.96 in Q4 2016. Its down 0.29, from 1.25 in 2016Q3. It fall, as 20 investors sold IPG Photonics Corporation shares while 106 reduced holdings. 38 funds opened positions while 83 raised stakes. 30.61 million shares or 0.33% less from 30.71 million shares in 2016Q3 were reported.

Tocqueville Asset Management L P, a New York-based fund reported 5,000 shares. Kcg Holding stated it has 0.01% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Aqr Llc holds 0% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP) for 12,784 shares. Holland Cap Ltd Liability reported 29,010 shares stake. Emerald Advisers Pa has 172,173 shares. Ironbridge Cap Mgmt Ltd Partnership owns 0.17% invested in IPG Photonics Corporation (NASDAQ:IPGP) for 37,941 shares. Provident Mngmt Inc has invested 4.5% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Next Fincl Gru has invested 0% in IPG Photonics Corporation (NASDAQ:IPGP). 23,277 are held by Janney Montgomery Scott Ltd Liability Company. Qs Investors Lc stated it has 0% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Credit Agricole S A has invested 0.01% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Fmr Limited Liability Corp owns 2.96M shares. Reinhart Partners owns 0.18% invested in IPG Photonics Corporation (NASDAQ:IPGP) for 19,860 shares. Comerica National Bank reported 0.04% stake. Alphamark Advsr Ltd Liability Com owns 82 shares or 0% of their US portfolio.

Since May 2, 2017, it had 0 insider buys, and 6 insider sales for $5.12 million activity. On Thursday, May 11 Lopresti Angelo P sold $638,388 worth of IPG Photonics Corporation (NASDAQ:IPGP) or 4,626 shares. Valentin Gapontsev Trust I also sold $3.22 million worth of IPG Photonics Corporation (NASDAQ:IPGP) shares. SEIFERT THOMAS J sold $552,487 worth of stock or 3,950 shares.

IPG Photonics Corporation (NASDAQ:IPGP) Ratings Coverage

Among 2 analysts covering IPG Photonics (NDAQ:IPGP), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. IPG Photonics has $160 highest and $157 lowest target. $158.50’s average target is 10.05% above currents $144.02 stock price. IPG Photonics had 2 analyst reports since May 3, 2017 according to SRatingsIntel. The stock has “Buy” rating by Dougherty & Company on Wednesday, May 3. As per Tuesday, June 20, the company rating was maintained by Needham.

About 6,200 shares traded. IPG Photonics Corporation (NDAQ:IPGP) has risen 67.64% since June 20, 2016 and is uptrending. It has outperformed by 50.94% the S&P500.

Wall Street await IPG Photonics Corporation (NASDAQ:IPGP) to release earnings on July, 27. Analysts forecast earnings per share of $1.65, up exactly $0.40 or 32.00 % from 2014’s $1.25 EPS. The expected IPGP’s profit could reach $91.21M giving the stock 21.76 P/E in the case that $1.65 earnings per share is reported. After posting $1.38 EPS for the previous quarter, IPG Photonics Corporation’s analysts now forecast 19.57 % EPS growth.

IPG Photonics Corporation is a developer and maker of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The company has market cap of $7.96 billion. The Firm offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications. It has a 27.13 P/E ratio. The Firm sells its products globally to original equipment manufacturers , system integrators and end users.

More notable recent IPG Photonics Corporation (NASDAQ:IPGP) news were published by: Seekingalpha.com which released: “IPG Photonics (IPGP) Q1 2017 Results – Earnings Call Transcript” on May 02, 2017, also Seekingalpha.com with their article: “IPG Photonics Already Seeing A Strong Recovery” published on May 05, 2017, Streetinsider.com published: “IPG Photonics (IPGP) to Acquire Innovative Laser Technologies for $40M” on June 19, 2017. More interesting news about IPG Photonics Corporation (NASDAQ:IPGP) were released by: Globenewswire.com and their article: “IPG Photonics Announces Acquisition of OptiGrate Corporation” published on May 23, 2017 as well as Seekingalpha.com‘s news article titled: “IPG Photonics (IPGP) Q3 2016 Results – Earnings Call Transcript” with publication date: October 28, 2016.

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