How Oppenheimer Currently Rates IPG Photonics (NASDAQ:IPGP)
In a very recent research note issued to clients and investors on Thursday morning, analysts at Oppenheimer have initiated coverage on IPG Photonics (NASDAQ:IPGP) shares. The equities firm issued a key “Perform” rating for IPGP stock.
From a total of 10 analysts covering IPG Photonics (NASDAQ:IPGP) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is $120 while the lowest target price is $80. The mean of all analyst targets is $102.6 with a 13.11% above today’s ($88.94) stock price. IPG Photonics was the topic of 6 analyst reports since September 15, 2015 according to the firm StockzIntelligence Inc. FBR Capital initiated shares on November 11 with “Outperform” rating. Needham maintained IPGP stock in a recent report from October 13 with “Buy” rating.
Approximately 52,128 shares of stock traded hands. IPG Photonics Corporation (NASDAQ:IPGP) has declined 3.53% since May 7, 2015 and is downtrending. It has underperformed by 1.59% the S&P500.
The overall sentiment of institutions has decreased to 1.39 in Q2 2015. Its down 0.06, from 1.45 in 2015Q2. The ratio is negative, as 36 institutions have sold all the shares of IPG Photonics Corporation that they owned while 90 funds have taken shares off the table. 48 funds have purchased shares for the first time while 127 added to their positions. These institutions now hold 35.33 million shares or 4.18% more than the 33.91 million shares they owned in 2015Q2.
The Fund Flood Gamble Associates Inc currently is holding shares equating to 3.82% of its total portfolio in IPG Photonics Corporation representing a total of 97,795 shares. Another fund,Provident Investment Management Inc., is holding a total of 204,939 shares equating to 3.26% of their holdings. Additionally, Westport Advisers Llc has a 293,749 share stake in IPG Photonics Corporation which represents 3.02% of their total portfolio. The Fund, Neumeier Poma Investment Counsel Llc, based out of California, has also built up a stake in the stock, which represents a total of 2.01% of their total portfolio. Finally Reynders Mcveigh Capital Management Llc, a fund which is based in the state of Massachusetts reported a total holdings of 144,281 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 26, 2015, shareholders of IPG Photonics Corporation have witnessed 0 insider purchases, and a total of 3 sales equating to a net activity of approximately $2.05 million . Lopresti Angelo P sold 1,925 shares worth approximately $182,875. Gapontsev Valentin P sold 10,000 shares worth approximately $953,298. Blair Robert A sold 13,167 shares worth approximately $1.23M. Gauthier Henry E sold 100 shares worth approximately $10,108. The company insider Shcherbakov Eugene A sold 3,075 shares worth $290,034.
IPG Photonics Corporation is a developer and maker of a range of fiber lasers, fiber amplifiers and diode lasers that are used for various applications, primarily in materials processing. The company has a market cap of $4.72 billion. The Firm offers a line of lasers and amplifiers, which are used in materials processing, advanced, communications and medical applications. It has 19.9 P/E ratio. The Firm sells its products globally to original equipment manufacturers , system integrators and end users and markets its products internationally through direct sales force.
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.” Get a free copy of the Zacks research report on IPG Photonics Corporation (IPGP).