IPG Photonics (IPGP) Stock Price, News & Analysis

Company Overview

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories. The company also offers integrated laser systems; LightWELD, a handheld laser welding system; 2D compact flat sheet cutter systems and multi-axis systems for fine welding, cutting, and drilling; welding seam stepper and picker, a fiber laser welding tool; high precision laser systems; specialized fiber laser systems for material processing applications; robotic and multi-axis workstations for welding, cutting and cladding, flatbed cutting systems, and diode markers; and laser and non-laser robotic welding and automation solutions. It serves materials processing, communications, medical procedures, and advanced applications and communications markets. The company markets its products to original equipment manufacturers, system integrators, and end users through direct sales force, as well as through agreements with independent sales representatives and distributors. IPG Photonics Corporation was founded in 1990 and is headquartered in Marlborough, Massachusetts.

Key Stats

• Today's Range: $68.18 to $70.14
• 50-Day Range: $62.31 to $90.65
• 52-Week Range: $61.86 to $111.11
• Volume: 298,203 shs
• Average Volume: 264,266 shs
• Market Capitalization: $3.14 billion
• P/E Ratio: 17.73
• Dividend Yield: N/A
• Price Target: $93.40
• Consensus Rating: Moderate Buy

IPG Photonics Stock Analysis - MarketRank™

IPG Photonics scored higher than 96% of companies evaluated by MarketBeat, and ranked 74th out of 672 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

IPG Photonics has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

IPG Photonics has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 40.58%

Earnings Growth

Earnings for IPG Photonics are expected to grow by 40.58% in the coming year, from $1.38 to $1.94 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of IPG Photonics is 17.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.70.

Price to Earnings Ratio vs. Sector

The P/E ratio of IPG Photonics is 17.73, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 263.97.

Price to Book Value per Share Ratio

IPG Photonics has a P/B Ratio of 1.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.98% of the float of IPG Photonics has been sold short.

Short Interest Ratio / Days to Cover

IPG Photonics has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in IPG Photonics has recently increased by 12.82%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

IPG Photonics does not currently pay a dividend.

Dividend Growth

IPG Photonics does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.1 / 5
• Environmental Score: -0.76

Percentage of Shares Shorted

4.98% of the float of IPG Photonics has been sold short.

Short Interest Ratio / Days to Cover

IPG Photonics has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in IPG Photonics has recently increased by 12.82%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.08

News Sentiment

IPG Photonics has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for IPG Photonics this week, compared to 4 articles on an average week.

Search Interest

Only 5 people have searched for IPGP on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, IPG Photonics insiders have not sold or bought any company stock.

Percentage Held by Insiders

38.00% of the stock of IPG Photonics is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

93.79% of the stock of IPG Photonics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IPGP Stock Analysis - Frequently Asked Questions

How have IPGP shares performed this year?

IPG Photonics' stock was trading at $108.54 at the start of the year. Since then, IPGP stock has decreased by 36.6% and is now trading at $68.81.
View the best growth stocks for 2024 here.

How were IPG Photonics' earnings last quarter?

IPG Photonics Co. (NASDAQ:IPGP) issued its quarterly earnings results on Tuesday, July, 30th. The semiconductor company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.48 by $0.03. The business's revenue was down 24.2% on a year-over-year basis.
Read the conference call transcript.

Is IPG Photonics doing a stock buyback?

IPG Photonics' Board of Directors authorized a stock buyback plan on Tuesday, February 13th 2024, which permits the company to buy back $300,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 7.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Does IPG Photonics have any subsidiaries?

IPG Photonics subsidiaries include these companies: Genesis Systems Group, Laser Depth Dynamics, ILT, Menara Networks, JPSA, IPG Laser GmbH, NTO IRE-Polus, and more.

Who are IPG Photonics' major shareholders?

IPG Photonics' top institutional investors include First Eagle Investment Management LLC (9.34%), Dimensional Fund Advisors LP (2.19%), Sumitomo Mitsui Trust Holdings Inc. (2.01%) and Disciplined Growth Investors Inc. MN (1.08%). Insiders that own company stock include Valentin Gapontsev Trust I, Alexander Ovtchinnikov, Timothy Pv Mammen, Eric Meurice, Jeanmarie F Desmond, Eugene A Shcherbakov and Igor Samartsev.
View institutional ownership trends.

How do I buy shares of IPG Photonics?

Shares of IPGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of IPG Photonics own?

Based on aggregate information from My MarketBeat watchlists, some other companies that IPG Photonics investors own include NVIDIA (NVDA), Netflix (NFLX), Broadcom (AVGO), Micron Technology (MU), Alibaba Group (BABA), Lam Research (LRCX) and Intel (INTC).

Company Calendar

• Last Earnings: 7/30/2024
• Today: 9/17/2024
• Next Earnings (Estimated): 10/29/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Manufacturing Services
• Current Symbol: NASDAQ:IPGP
• CUSIP: 44980X10
• CIK: 1111928
• Web: www.ipgphotonics.com
• Phone: (508) 373-1100
• Fax: 508-373-1103
• Employees: 6,180
• Year Founded: 1990

Price Target and Rating

• Average Stock Price Target: $93.40
• High Stock Price Target: $106.00
• Low Stock Price Target: $68.00
• Potential Upside/Downside: +35.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.88
• Trailing P/E Ratio: 17.73
• Forward P/E Ratio: 49.86
• P/E Growth: N/A
• Net Income: $218.88 million
• Net Margins: 12.67%
• Pretax Margin: 15.19%
• Return on Equity: 5.99%
• Return on Assets: 5.38%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 9.02
• Quick Ratio: 6.91

Sales & Book Value

• Annual Sales: $1.11 billion
• Price / Sales: 2.82
• Cash Flow: $6.11 per share
• Price / Cash Flow: 11.27
• Book Value: $51.48 per share
• Price / Book: 1.34

Miscellaneous

• Outstanding Shares: 45,568,000
• Free Float: 28,252,000
• Market Cap: $3.14 billion
• Optionable: Optionable
• Beta: 1.00