Zacks Research Raises Earnings Estimates for IPG Photonics

Key Points

• Zacks Research has raised its FY2027 earnings per share estimates for IPG Photonics from $2.40 to $2.42, compared to the current consensus estimate of $1.54 per share.
• Several analysts have recently adjusted their price targets for the stock, with Raymond James lowering it from $80.00 to $70.00, while the average price target now stands at $69.50.
• IPG Photonics declared a quarterly dividend of $0.33, yielding 1.68%, reflecting a commitment to returning value to shareholders amid fluctuating earnings.

IPG Photonics Corporation (NASDAQ:IPGP - Free Report) - Zacks Research increased their FY2027 EPS estimates for IPG Photonics in a research note issued on Tuesday, July 29th. Zacks Research analyst R. Department now forecasts that the semiconductor company will post earnings per share of $2.42 for the year, up from their prior estimate of $2.40. The consensus estimate for IPG Photonics' current full-year earnings is $1.54 per share.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.21 by $0.10. The company had revenue of $227.79 million during the quarter, compared to analyst estimates of $227.00 million. IPG Photonics had a negative net margin of 21.18% and a positive return on equity of 2.56%. IPG Photonics's quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 earnings per share.

A number of other analysts have also issued reports on the stock. Stifel Nicolaus set a $72.00 target price on shares of IPG Photonics in a research note on Monday, April 28th. Wall Street Zen raised shares of IPG Photonics from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Raymond James Financial lowered their target price on shares of IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating for the company in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $69.50.

IPG Photonics Trading Up 0.4%

Shares of IPGP traded up $0.33 during trading hours on Wednesday, reaching $75.22. 216,742 shares of the company traded hands, compared to its average volume of 200,175. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of -16.32, a PEG ratio of 12.12 and a beta of 0.88. IPG Photonics has a 12-month low of $48.59 and a 12-month high of $88.50. The stock's fifty day moving average price is $71.01 and its 200 day moving average price is $65.67.

Institutional Trading of IPG Photonics

Several institutional investors and hedge funds have recently made changes to their positions in IPGP. American Century Companies Inc. raised its holdings in shares of IPG Photonics by 1,076.7% in the fourth quarter. American Century Companies Inc. now owns 93,866 shares of the semiconductor company's stock valued at $6,826,000 after acquiring an additional 85,889 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in IPG Photonics in the fourth quarter worth about $465,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in IPG Photonics by 17.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,172 shares of the semiconductor company's stock worth $376,000 after purchasing an additional 776 shares in the last quarter. Norges Bank bought a new position in IPG Photonics in the fourth quarter worth about $5,630,000. Finally, Alliancebernstein L.P. raised its holdings in IPG Photonics by 88.8% in the fourth quarter. Alliancebernstein L.P. now owns 70,813 shares of the semiconductor company's stock worth $5,150,000 after purchasing an additional 33,313 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors.

IPG Photonics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.8%.

About IPG Photonics

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.