IPG Photonics (IPGP) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for IPG Photonics in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IPGP shares.
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6 equities research analysts have issued 12-month price targets for IPG Photonics' stock. Their IPGP share price forecasts range from $120.00 to $152.00. On average, they predict the company's stock price to reach $135.00 in the next year. This suggests a possible upside of 20.0% 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 18.8% and is now trading at $112.48.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
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IPG Photonics Co. (NASDAQ:IPGP) announced its quarterly earnings results on Tuesday, May, 2nd. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.00 by $0.26. The semiconductor company earned $347.17 million during the quarter, compared to the consensus estimate of $330.60 million. IPG Photonics had a trailing twelve-month return on equity of 4.62% and a net margin of 7.14%. IPG Photonics's quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 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), First Trust Technology AlphaDEX Fund (FXL), ROBO Global Robotics & Automation ETF (ROBO), First Trust Nasdaq Semiconductor ETF (FTXL), Logan Capital Broad Innovative Growth ETF (LCLG), Distillate Small/Mid Cash Flow ETF (DSMC), Defiance Next Gen Connectivity ETF (FIVG) and First Trust Active Factor Mid Cap ETF (AFMC).

IPG Photonics declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 2nd 2023, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 3.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's management believes its stock is undervalued.

IPG Photonics issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $1.05-$1.35 for the period, compared to the consensus earnings per share estimate of $1.18. The company issued revenue guidance of $325.00 million-$355.00 million, compared to the consensus revenue estimate of $355.15 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 shareholders include BlackRock Inc. (6.59%), Sumitomo Mitsui Trust Holdings Inc. (2.16%), State Street Corp (1.99%), Dimensional Fund Advisors LP (1.69%), Bank of New York Mellon Corp (1.23%) and Geode Capital Management LLC (1.15%). Insiders that own company stock include Alexander Ovtchinnikov, Angelo P Lopresti, Catherine P Lego, Eugene A Shcherbakov, Fibre Devices Ltd Ip, Igor Samartsev, 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 $112.48.

IPG Photonics (NASDAQ:IPGP) has a market capitalization of $5.32 billion and generates $1.43 billion in revenue each year. The semiconductor company earns $109.91 million in net income (profit) each year or $1.92 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.