IPG Photonics Corporation (NASDAQ:IPGP) has received a consensus rating of “Moderate Buy” from nine brokerages covering the company. According to MarketBeat, the analysts’ assessments include one sell recommendation, two hold ratings, five buy recommendations, and one strong buy rating. The average target price for the stock is set at $89.33 for the next year.
Recent research reports have highlighted varying perspectives on the company’s stock. On December 29, 2023, Weiss Ratings reaffirmed a “sell (d+)” rating for IPG Photonics. Meanwhile, Stifel Nicolaus established a target price of $92.00 in a report dated November 4, 2023. Citigroup notably raised its rating from “sell” to “buy,” increasing its price target from $68.00 to $105.00 on November 5, 2023. Benchmark reiterated a “hold” rating on December 10, 2023, and Roth Capital set a price target of $96.00 while also issuing a “buy” rating on October 6, 2023.
Institutional investors have been active in adjusting their stakes in IPG Photonics. S Squared Technology LLC boosted its position by 7.3% during the second quarter, acquiring an additional 5,000 shares and raising its total to 73,866 shares, valued at approximately $5.07 million. Kera Capital Partners Inc. and Old West Investment Management LLC also purchased new stakes in the company, valued at around $326,000 and $601,000, respectively.
Brandes Investment Partners LP significantly increased its holdings by 87.8%, now owning 133,592 shares worth approximately $9.17 million. QSM Asset Management Ltd also made notable adjustments, increasing its stake by 95.6% and owning 51,832 shares valued at $4.06 million. Notably, institutional investors hold 93.79% of IPG Photonics’ stock.
The company’s shares traded up by 0.5%, opening at $76.14 on the most recent trading day. IPG Photonics boasts a market capitalization of $3.21 billion, with a P/E ratio of 124.82 and a PEG ratio of 15.13. The stock’s fifty-day moving average price stands at $78.88, while the 200-day moving average is $79.34. Over the past year, the shares reached a low of $48.59 and a high of $92.21.
In its latest quarterly earnings report issued on November 4, 2023, IPG Photonics reported earnings per share (EPS) of $0.35, surpassing analysts’ expectations of $0.16 by $0.19. The company generated revenue of $250.79 million for the quarter, exceeding predictions of $240.18 million. IPG Photonics recorded a net margin of 2.66% and a return on equity of 2.35%. Looking ahead, the company has provided guidance for Q4 2025, forecasting an EPS ranging between $0.050 and $0.350. Analysts expect IPG Photonics to post an average EPS of $1.54 for the current year.
IPG Photonics Corporation stands as a global leader in designing and manufacturing high-performance fiber lasers and amplifiers utilized across various sectors, including industrial, medical, scientific, and telecommunications applications. The company’s core products include ytterbium and erbium fiber lasers, diode lasers, and fiber amplifiers, known for their high power and efficiency in precision applications such as cutting, welding, marking, and engraving. IPG’s systems are engineered to optimize process speed, reliability, and energy consumption, making them a preferred choice in advanced manufacturing environments. In addition to standalone laser sources, IPG provides turnkey laser systems and integrated solutions tailored to industries such as automotive, electronics, aerospace, additive manufacturing, and life sciences.
