Keywise Capital Management LTD Lowered Its Ipg Photonics Corp (IPGP) Holding by $14.15 Million

September 16, 2018 - By Nadine Davis

IPG Photonics Corporation (NASDAQ:IPGP) LogoInvestors sentiment increased to 0.99 in Q2 2018. Its up 0.15, from 0.84 in 2018Q1. It improved, 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. Janney Montgomery Scott Lc has invested 0.01% in IPG Photonics Corporation (NASDAQ:IPGP). Oppenheimer Asset Mngmt Inc, a New York-based fund reported 6,238 shares. Ls Inv Advisors Ltd Liability owns 2,488 shares for 0.03% of their portfolio. Swiss Commercial Bank has 0.03% invested in IPG Photonics Corporation (NASDAQ:IPGP). Puzo Michael J accumulated 0.21% or 2,238 shares. Lombard Odier Asset Management (Switzerland) has invested 0.14% in IPG Photonics Corporation (NASDAQ:IPGP). Cibc Asset Management accumulated 0.01% or 4,062 shares. Bankshares Of New York Mellon Corporation holds 357,434 shares. Fulton Commercial Bank Na holds 0.02% or 1,092 shares. Moreover, Envestnet Asset Mgmt has 0% invested in IPG Photonics Corporation (NASDAQ:IPGP) for 5,064 shares. Motley Fool Wealth Mngmt Limited Liability Com reported 187,124 shares. Moreover, Visionary Asset has 0.08% invested in IPG Photonics Corporation (NASDAQ:IPGP). C M Bidwell And Associates Ltd holds 835 shares. Virginia Retirement Sys Et Al accumulated 1,300 shares. Cannell Peter B & has invested 1.17% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP).

Since March 14, 2018, it had 0 insider purchases, and 5 insider sales for $10.53 million activity. Shares for $895,755 were sold by HURLEY WILLIAM S. $1.50M worth of IPG Photonics Corporation (NASDAQ:IPGP) was sold by Ness Trevor.

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 $46.55M, 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 $8.57B 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 $1.77 billion and $295.14M US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 195,400 shares to 347,413 shares, valued at $64.46M 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. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, August 1 report. Stifel Nicolaus maintained IPG Photonics Corporation (NASDAQ:IPGP) on Thursday, May 10 with “Buy” rating. The firm has “Buy” rating by Benchmark given on Wednesday, May 2.

IPG Photonics Corporation (NASDAQ:IPGP) Institutional Positions Chart

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