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
Current SymbolNASDAQ:IPGP
Previous Symbol
CUSIP44980X10
Phone508-373-1100
Debt
Debt-to-Equity Ratio0.02
Current Ratio8.64
Quick Ratio6.81
Price-To-Earnings
Trailing P/E Ratio18.34
Forward P/E Ratio18.01
P/E Growth2.01
Sales & Book Value
Annual Sales$1.41 billion
Price / Sales5.06
Cash Flow$9.2155 per share
Price / Cash14.48
Book Value$37.72 per share
Price / Book3.54
Profitability
EPS (Most Recent Fiscal Year)$7.26
Net Income$347.61 million
Net Margins25.58%
Return on Equity20.30%
Return on Assets17.42%
Miscellaneous
Employees5,030
Outstanding Shares53,400,000
Market Cap$7.36 billion
OptionableOptionable
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) posted its quarterly earnings results on Tuesday, October, 30th. The semiconductor company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by $0.01. The semiconductor company had revenue of $356.35 million for the quarter, compared to analysts' expectations of $355.48 million. IPG Photonics had a return on equity of 20.30% and a net margin of 25.58%. The company's revenue for the quarter was down 9.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.11 earnings per share. 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 issued an update on its FY 2018 earnings guidance on Tuesday, October, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.423-1.465 billion, compared to the consensus revenue estimate of $1.48 billion.IPG Photonics also updated its Q4 guidance to $1.30-1.50 EPS.
What price target have analysts set for IPGP?
11 equities research analysts have issued 12 month price targets for IPG Photonics' shares. Their predictions range from $162.00 to $294.00. On average, they anticipate IPG Photonics' stock price to reach $212.00 in the next year. This suggests a possible upside of 58.0% from the stock's current price. View Analyst Price Targets for IPG Photonics.
What is the consensus analysts' recommendation for IPG Photonics?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IPG Photonics in the last year. There are currently 4 hold ratings, 6 buy ratings and 1 strong buy rating 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 develops and manufactures fiber & diode lasers, fiber amplifiers and transceivers. Currency exchange fluctuations are anticipated to impact the company’s third-quarter quarter performance. IPG’s significant exposure to the materials processing markets, dependency on few customers and substantial China exposure are key negatives. Further, being a vertically integrated company – fixed costs – particularly related to direct labor is significantly high for IPG. This is a major headwind as the company may not be able to manoeuvre this fixed cost in case of a revenue shortfall. Nonetheless, the company is benefiting from strong adoption of fiber lasers over conventional lasers as well as non-laser cutting and welding equipment. Also, dominant position in the core material processing market, vertically integrated business model, industry-leading operating margins and expansion in TAM are key positives." (10/9/2018)
- 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)
Has IPG Photonics been receiving favorable news coverage?
Headlines about IPGP stock have been trending neutral this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. IPG Photonics earned a daily sentiment score of 0.2 on InfoTrie's scale. They also gave news headlines about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term.
Are investors shorting IPG Photonics?
IPG Photonics saw a increase in short interest in October. As of October 15th, there was short interest totalling 2,973,824 shares, an increase of 42.8% from the September 28th total of 2,082,111 shares. Based on an average daily volume of 1,217,465 shares, the days-to-cover ratio is currently 2.4 days. Approximately 8.3% of the company's stock are short sold. View IPG Photonics' Current Options Chain.
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), Xilinx (XLNX), Advanced Micro Devices (AMD), Kyocera (KYOCY), Microchip Technology (MCHP), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), STMicroelectronics (STM), Marvell Technology Group (MRVL), Qorvo (QRVO), ASE Technology (ASX), ON Semiconductor (ON) and Integrated Device Technology (IDTI).
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)
Who are IPG Photonics' major shareholders?
IPG Photonics' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.92%), FMR LLC (1.39%), Pictet Asset Management Ltd. (1.39%), Eagle Asset Management Inc. (1.30%), Carillon Tower Advisers Inc. (1.28%) and AXA (0.91%). 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 Burgomaster, 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 JPMorgan Chase & Co., BlackRock Inc., Victory Capital Management Inc., Janus Henderson Group PLC, First Trust Advisors LP, Robeco Institutional Asset Management B.V., Robeco Institutional Asset Management B.V. and Mitsubishi UFJ Trust & Banking Corp. 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, Thomas J Burgomaster, 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 bought by a variety of institutional investors in the last quarter, including FMR LLC, Pictet Asset Management Ltd., Alliancebernstein L.P., Scout Investments Inc., Carillon Tower Advisers Inc., Massachusetts Financial Services Co. MA, First Eagle Investment Management LLC and Jackson Square Partners LLC. 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 $134.18.
How big of a company is IPG Photonics?
IPG Photonics has a market capitalization of $7.36 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.
What is IPG Photonics' official website?
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.
