IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories. It also provides erbium-doped fiber and Raman amplifiers, and integrated communications systems, which are deployed in broadband networks, such as fiber to the home, fiber to the curb, passive optical networks, and dense wavelength division multiplexing (DWDM) networks; ytterbium and thulium specialty fiber amplifiers and broadband light sources; and single-frequency, linearly polarized, and polarization-maintaining versions of its amplifier products. In addition, the company offers interconnect, coarse wavelength division multiplexing, DWDM, and tunable-based pluggable interfaces to serve optical transmission needs; integrated laser systems; 2D flat sheet cutter systems and multi-axis systems; welding seam stepper and picker, a fiber laser welding tool; and specialized fiber laser systems for material processing applications. Its lasers and amplifiers are also used in materials processing, advanced communications, and medical applications. 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 Oxford, Massachusetts.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustryElectronic Manufacturing Services
SectorComputer and Technology
SymbolNASDAQ:IPGP
CUSIP44980X10
Phone508-373-1100
Debt
Debt-to-Equity Ratio0.02
Current Ratio8.73
Quick Ratio6.94
Price-To-Earnings
Trailing P/E Ratio22.32
Forward P/E Ratio20.21
P/E Growth1.69
Sales & Book Value
Annual Sales$1.41 billion
Price / Sales6.18
Cash Flow$9.4883 per share
Price / Cash17.08
Book Value$37.72 per share
Price / Book4.30
Profitability
EPS (Most Recent Fiscal Year)$7.26
Net Income$347.61 million
Net Margins25.96%
Return on Equity21.55%
Return on Assets18.55%
Miscellaneous
Employees5,030
Outstanding Shares53,760,000
Market Cap$8.73 billion
IPG Photonics (NASDAQ:IPGP) Frequently Asked Questions
What is IPG Photonics' stock symbol?
IPG Photonics trades on the NASDAQ under the ticker symbol "IPGP."
How were IPG Photonics' earnings last quarter?
IPG Photonics Co. (NASDAQ:IPGP) released its quarterly earnings results on Tuesday, July, 31st. The semiconductor company reported $2.21 earnings per share for the quarter, missing the Zacks' consensus estimate of $2.22 by $0.01. The semiconductor company earned $413.61 million during the quarter, compared to analysts' expectations of $418.61 million. IPG Photonics had a return on equity of 21.55% and a net margin of 25.96%. The firm's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.91 EPS. View IPG Photonics' Earnings History.
When is IPG Photonics' next earnings date?
What guidance has IPG Photonics issued on next quarter's earnings?
IPG Photonics updated its third quarter earnings guidance on Tuesday, July, 31st. The company provided earnings per share guidance of $1.80-2.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.30. The company issued revenue guidance of $360-390 million, compared to the consensus revenue estimate of $424.91 million.
What price target have analysts set for IPGP?
7 brokers have issued 12-month target prices for IPG Photonics' shares. Their forecasts range from $208.00 to $294.00. On average, they anticipate IPG Photonics' share price to reach $237.4286 in the next year. This suggests a possible upside of 46.5% from the stock's current price. View Analyst Price Targets for IPG Photonics.
What is the consensus analysts' recommendation for IPG Photonics?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IPG Photonics in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for IPG Photonics.
What are Wall Street analysts saying about IPG Photonics stock?
Here are some recent quotes from research analysts about IPG Photonics stock:
- 1. According to Zacks Investment Research, "IPG Photonics reported tepid second-quarter results, wherein both top and bottom line missed the Zacks Consensus Estimate. The company also provided discouraging third-quarter quarter guidance, citing currency exchange fluctuations. IPG’s significant exposure to the materials processing markets, dependency on few customers and substantial China exposure are key negatives. Nonetheless, IPG Photonics is benefiting from strong adoption of fiber lasers over conventional lasers as well as non-laser cutting and welding equipment. According to management, secular transition to high-powered products and increased electric vehicle battery production were the primary catalysts behind the increased adoption of the high powered lasers. The company is gaining in China, Europe, North America and Japan. Further, its vertically integrated business model is helping IPG keep costs down." (8/2/2018)
- 2. Benchmark Co. analysts commented, "We hosted meetings between mid-West investors and IPG. The meetings focused on growth expectations, new products, and the competitive landscape." (5/21/2018)
- 3. Canaccord Genuity analysts commented, "We believe guidance may be conservative given healthy demand for systems, high power, and additive manufacturing among other drivers, noting consumer electronics represents less than 10% of IPGP’s total revenue. Even with these positives, we believe IPGP will be range bound given decelerating Y/Y growth expected through Q3 and the fact that IPGP remains well off trough multiples. Our estimates are largely unchanged and our price target remains $235. Investment highlights IPGP reported Q1/18 earnings results of $359.9M in revenues and $1.93 in EPS. Results for the quarter exceeded CG estimates of $332.5M/$1.75, consensus of $346M/$1.79 and guidance of between $330M and $355M in revenues and EPS in the range of $1.62 to $1.87 on stronger than anticipated top line growth and gross margins." (5/1/2018)
Who are some of IPG Photonics' key competitors?
Some companies that are related to IPG Photonics include NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Microchip Technology (MCHP), Kyocera (KYO), Advanced Micro Devices (AMD), STMicroelectronics (STM), Xilinx (XLNX), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Qorvo (QRVO), ASE INDL HLDG C/S (ASX), ON Semiconductor (ON) and Microsemi (MSCC).
Who are IPG Photonics' key executives?
IPG Photonics' management team includes the folowing people:
- Dr. Valentin P. Gapontsev, Founder, Chairman & CEO (Age 79)
- Mr. Timothy P. V. Mammen, Sr. VP & CFO (Age 48)
- Dr. Eugene Scherbakov, COO, Sr. VP of Europe & Director (Age 70)
- Mr. Angelo P. Lopresti II, Gen. Counsel, Sr. VP and Sec. (Age 54)
- Mr. Trevor D. Ness, Sr. VP of Worldwide Sales & Marketing (Age 45)
Has IPG Photonics been receiving favorable news coverage?
News stories about IPGP stock have trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. IPG Photonics earned a coverage optimism score of 0.07 on Accern's scale. They also gave headlines about the semiconductor company an impact score of 47.58 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for IPG Photonics.
Who are IPG Photonics' major shareholders?
IPG Photonics' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.72%), Eagle Asset Management Inc. (1.29%), Janus Henderson Group PLC (1.11%), Carillon Tower Advisers Inc. (1.03%), FMR LLC (0.78%) and Congress Asset Management Co. MA (0.78%). Company insiders that own IPG Photonics stock include Alexander Ovtchinnikov, Angelo P Lopresti, Eugene A Shcherbakov, Henry E Gauthier, Igor Samartsev, John R Peeler, Thomas J Seifert, Timothy Pv Mammen, Trevor Ness, Valentin Gapontsev Trust I and William S Hurley. View Institutional Ownership Trends for IPG Photonics.
Which major investors are selling IPG Photonics stock?
IPGP stock was sold by a variety of institutional investors in the last quarter, including Emerald Advisers Inc. PA, KEYWISE CAPITAL MANAGEMENT Ltd, Bank of America Corp DE, Victory Capital Management Inc., Morgan Stanley, Carillon Tower Advisers Inc., Royce & Associates LP and Canada Pension Plan Investment Board. Company insiders that have sold IPG Photonics company stock in the last year include Angelo P Lopresti, Eugene A Shcherbakov, Henry E Gauthier, Igor Samartsev, John R Peeler, Timothy Pv Mammen, Trevor Ness, Valentin Gapontsev Trust I and William S Hurley. View Insider Buying and Selling for IPG Photonics.
Which major investors are buying IPG Photonics stock?
IPGP stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Waddell & Reed Financial Inc., United Services Automobile Association, BlackRock Inc., Janus Henderson Group PLC, Myriad Asset Management Ltd., NN Investment Partners Holdings N.V. and Federated Investors Inc. PA. View Insider Buying and Selling for IPG Photonics.
How do I buy shares of IPG Photonics?
Shares of IPGP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is IPG Photonics' stock price today?
One share of IPGP stock can currently be purchased for approximately $162.06.
How big of a company is IPG Photonics?
IPG Photonics has a market capitalization of $8.73 billion and generates $1.41 billion in revenue each year. The semiconductor company earns $347.61 million in net income (profit) each year or $7.26 on an earnings per share basis. IPG Photonics employs 5,030 workers across the globe.
How can I contact IPG Photonics?
IPG Photonics' mailing address is 50 OLD WEBSTER ROAD, OXFORD MA, 01540. The semiconductor company can be reached via phone at 508-373-1100.
MarketBeat Community Rating for IPG Photonics (NASDAQ IPGP)
MarketBeat's community ratings are surveys of what our community members think about IPG Photonics and other stocks. Vote "Outperform" if you believe IPGP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IPGP will underperform the S&P 500 over the long term. You may vote once every thirty days.
