IPG Photonics (IPGP) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IPG Photonics in the last year. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" IPGP shares.
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6 brokerages have issued 1-year target prices for IPG Photonics' shares. Their IPGP share price forecasts range from $111.00 to $170.00. On average, they expect the company's share price to reach $134.00 in the next year. This suggests a possible upside of 33.3% from the stock's current price.
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IPG Photonics' stock was trading at $94.67 at the start of the year. Since then, IPGP stock has increased by 6.2% and is now trading at $100.56.
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IPG Photonics saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 633,000 shares, a decrease of 8.0% from the August 15th total of 688,200 shares. Based on an average trading volume of 266,500 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.2% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
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IPG Photonics Co. (NASDAQ:IPGP) released its quarterly earnings results on Tuesday, August, 1st. The semiconductor company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.07. The semiconductor company had revenue of $339.97 million for the quarter, compared to analyst estimates of $346.78 million. IPG Photonics had a trailing twelve-month return on equity of 4.36% and a net margin of 7.73%. IPG Photonics's revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.38 earnings per share.
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ETFs with the largest weight of IPG Photonics (NASDAQ:IPGP) stock in their portfolio include Janus Henderson US Sustainable Equity ETF (SSPX), ROBO Global Robotics & Automation ETF (ROBO), Logan Capital Broad Innovative Growth ETF (LCLG), First Trust Nasdaq Semiconductor ETF (FTXL) and Invesco Nasdaq Future Gen 200 ETF (QQQS).Invesco PHLX Semiconductor ETF (SOXQ).

IPG Photonics announced that its Board of Directors has initiated a stock repurchase program on Tuesday, May 2nd 2023, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 3.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

IPG Photonics issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $0.85-$1.15 for the period, compared to the consensus EPS estimate of $1.32. The company issued revenue guidance of $300.00 million-$330.00 million, compared to the consensus revenue estimate of $358.89 million.

51 employees have rated IPG Photonics Chief Executive Officer Valentin P. Gapontsev on Glassdoor.com. Valentin P. Gapontsev has an approval rating of 86% among the company's employees.

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

IPG Photonics trades on the NASDAQ under the ticker symbol "IPGP."

IPG Photonics' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.09%), Lazard Asset Management LLC (2.20%), Sumitomo Mitsui Trust Holdings Inc. (2.06%), State Street Corp (1.90%), Dimensional Fund Advisors LP (1.66%) and Geode Capital Management LLC (1.16%). Insiders that own company stock include Alexander Ovtchinnikov, Catherine P Lego, Eric Meurice, Eugene A Shcherbakov, Fibre Devices Ltd Ip, Igor Samartsev, Jeanmarie F Desmond, John R Peeler, Thomas J Burgomaster, Thomas J Seifert, Timothy Pv Mammen, Trevor Ness, Valentin Gapontsev Trust I and Valentin P Gapontsev.
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Shares of IPGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IPGP stock can currently be purchased for approximately $100.56.

IPG Photonics (NASDAQ:IPGP) has a market capitalization of $4.76 billion and generates $1.43 billion in revenue each year. The semiconductor company earns $109.91 million in net income (profit) each year or $2.13 on an earnings per share basis.

The company employs 6,230 workers across the globe.

IPG Photonics' mailing address is 50 OLD WEBSTER ROAD, OXFORD MA, 01540. The official website for the company is www.ipgphotonics.com. The semiconductor company can be reached via phone at (508) 373-1100, via email at investorrelations@ipgphotonics.com, or via fax at 508-373-1103.