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 1 hold rating, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IPGP shares.
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6 brokerages have issued 12-month price targets for IPG Photonics' shares. Their IPGP share price forecasts range from $120.00 to $170.00. On average, they predict the company's stock price to reach $140.83 in the next twelve months. This suggests a possible upside of 35.3% 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 shares have increased by 9.9% and is now trading at $104.06.
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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) announced its earnings results on Tuesday, August, 1st. The semiconductor company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.07. The semiconductor company earned $339.97 million during 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 was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.38 EPS.
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ETFs with the largest weight of IPG Photonics (NASDAQ:IPGP) stock in their portfolio include Janus Henderson U.S. 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 repurchase up to 3.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

IPG Photonics issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 1st. The company provided 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.09%), Sumitomo Mitsui Trust Holdings Inc. (2.06%), Dimensional Fund Advisors LP (1.66%), Geode Capital Management LLC (1.16%), Bank of New York Mellon Corp (1.11%) and Charles Schwab Investment Management Inc. (0.81%). 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 $104.06.

IPG Photonics (NASDAQ:IPGP) has a market capitalization of $4.93 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.