Keywise Capital Management LTD Has Decreased Ipg Photonics Corp (IPGP) Holding by $14.15 Million; Market Value Declined

September 16, 2018 - By Catherine Diaz

IPG Photonics Corporation (NASDAQ:IPGP) LogoInvestors sentiment increased to 0.99 in 2018 Q2. Its up 0.15, from 0.84 in 2018Q1. It increased, as 28 investors sold IPGP shares while 153 reduced holdings. 56 funds opened positions while 123 raised stakes. 29.78 million shares or 3.03% more from 28.90 million shares in 2018Q1 were reported. Glenmede Trust Na accumulated 227,824 shares or 0.2% of the stock. Moreover, Concorde Asset Mgmt Limited Liability has 0.77% invested in IPG Photonics Corporation (NASDAQ:IPGP) for 3,059 shares. Ima Wealth accumulated 16 shares or 0% of the stock. Prudential Public Ltd Com has invested 0.04% in IPG Photonics Corporation (NASDAQ:IPGP). Broderick Brian C invested in 0.86% or 10,720 shares. Chevy Chase Tru reported 0.03% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Eagle Asset Mngmt holds 0.83% in IPG Photonics Corporation (NASDAQ:IPGP) or 694,353 shares. Lpl Fincl Limited Liability Company holds 0.01% or 9,669 shares in its portfolio. Natixis Advsr L P, a Massachusetts-based fund reported 26,894 shares. Reynders Mcveigh Capital Mgmt Llc has invested 2.33% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Meeder Asset owns 3,380 shares. Cannell Peter B And stated it has 1.17% in IPG Photonics Corporation (NASDAQ:IPGP). Navellier And reported 0.97% stake. Robeco Institutional Asset Mngmt Bv owns 72,558 shares. Bank Of Hawaii accumulated 1,600 shares or 0.03% of the stock.

Since March 14, 2018, it had 0 insider buys, and 5 insider sales for $10.53 million activity. Another trade for 10,000 shares valued at $2.54M was sold by Valentin Gapontsev Trust I. HURLEY WILLIAM S had sold 3,500 shares worth $895,755 on Wednesday, March 14.

Keywise Capital Management Ltd decreased its stake in Ipg Photonics Corp (IPGP) by 23.36% based on its latest 2018Q2 regulatory filing with the SEC. Keywise Capital Management Ltd sold 64,300 shares as the company’s stock declined 34.76% while stock markets rallied. The hedge fund held 211,000 shares of the semiconductors company at the end of 2018Q2, valued at $46.55 million, down from 275,300 at the end of the previous reported quarter. Keywise Capital Management Ltd who had been investing in Ipg Photonics Corp for a number of months, seems to be less bullish one the $8.57 billion market cap company. The stock increased 0.75% or $1.18 during the last trading session, reaching $159.41. About 290,219 shares traded. IPG Photonics Corporation (NASDAQ:IPGP) has declined 11.55% since September 16, 2017 and is downtrending. It has underperformed by 27.17% the S&P500.

Keywise Capital Management Ltd, which manages about $1.77B and $295.14 million US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 195,400 shares to 347,413 shares, valued at $64.46 million in 2018Q2, according to the filing.

Analysts await IPG Photonics Corporation (NASDAQ:IPGP) to report earnings on October, 30. They expect $1.92 EPS, down 9.00 % or $0.19 from last year’s $2.11 per share. IPGP’s profit will be $103.22M for 20.76 P/E if the $1.92 EPS becomes a reality. After $2.24 actual EPS reported by IPG Photonics Corporation for the previous quarter, Wall Street now forecasts -14.29 % negative EPS growth.

IPG Photonics Corporation (NASDAQ:IPGP) Ratings Coverage

Among 3 analysts covering IPG Photonics (NASDAQ:IPGP), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. IPG Photonics had 5 analyst reports since April 18, 2018 according to SRatingsIntel. On Wednesday, August 1 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of IPG Photonics Corporation (NASDAQ:IPGP) has “Buy” rating given on Wednesday, May 2 by Benchmark. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, May 10.

IPG Photonics Corporation (NASDAQ:IPGP) Institutional Positions Chart

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