Brokers Offer Predictions for IPG Photonics Co.’s Q4 2024 Earnings (NASDAQ:IPGP)

IPG Photonics Co. (NASDAQ:IPGP) – Stock analysts at Seaport Res Ptn lowered their Q4 2024 EPS estimates for shares of IPG Photonics in a report issued on Tuesday, April 30th. Seaport Res Ptn analyst S. Graham now expects that the semiconductor company will post earnings of $0.74 per share for the quarter, down from their prior estimate of $0.88. Seaport Res Ptn currently has a “Buy” rating on the stock. The consensus estimate for IPG Photonics’ current full-year earnings is $3.23 per share. Seaport Res Ptn also issued estimates for IPG Photonics’ Q1 2025 earnings at $0.76 EPS and Q4 2025 earnings at $0.99 EPS.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus decreased their target price on shares of IPG Photonics from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, February 14th. StockNews.com downgraded shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a report on Wednesday. Citigroup lowered IPG Photonics from a “neutral” rating to a “sell” rating and lowered their price target for the company from $111.00 to $74.00 in a research report on Thursday, February 15th. Finally, Benchmark cut their price objective on IPG Photonics from $116.00 to $106.00 and set a “buy” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $111.60.

IPG Photonics Stock Performance

Shares of IPGP stock opened at $83.55 on Thursday. The company has a market capitalization of $3.81 billion, a P/E ratio of 21.53, a PEG ratio of 16.66 and a beta of 1.17. IPG Photonics has a fifty-two week low of $80.33 and a fifty-two week high of $141.85. The stock has a 50 day moving average price of $87.66 and a two-hundred day moving average price of $94.08.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. IPG Photonics had a return on equity of 7.67% and a net margin of 15.34%. The firm had revenue of $252.00 million for the quarter, compared to analysts’ expectations of $255.53 million. During the same period last year, the firm earned $1.26 earnings per share. The company’s revenue for the quarter was down 27.4% compared to the same quarter last year.

IPG Photonics declared that its Board of Directors has authorized a share buyback plan on Tuesday, February 13th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 7.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at IPG Photonics

In other news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $89.56, for a total value of $895,600.00. Following the completion of the transaction, the insider now owns 7,209,599 shares in the company, valued at approximately $645,691,686.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other IPG Photonics news, Director Eric Meurice sold 788 shares of IPG Photonics stock in a transaction on Monday, April 29th. The stock was sold at an average price of $89.30, for a total transaction of $70,368.40. Following the completion of the transaction, the director now owns 16,491 shares in the company, valued at $1,472,646.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $89.56, for a total value of $895,600.00. Following the transaction, the insider now owns 7,209,599 shares of the company’s stock, valued at $645,691,686.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,788 shares of company stock valued at $2,595,508. 37.10% of the stock is currently owned by corporate insiders.

Institutional Trading of IPG Photonics

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates raised its holdings in IPG Photonics by 1,349.8% in the 4th quarter. Raymond James & Associates now owns 44,887 shares of the semiconductor company’s stock worth $4,872,000 after acquiring an additional 41,791 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in IPG Photonics by 2,136.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 82,739 shares of the semiconductor company’s stock worth $8,401,000 after buying an additional 79,039 shares in the last quarter. Assenagon Asset Management S.A. raised its position in IPG Photonics by 70.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 56,965 shares of the semiconductor company’s stock worth $6,183,000 after buying an additional 23,595 shares during the last quarter. Vanguard Group Inc. lifted its stake in IPG Photonics by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,039,073 shares of the semiconductor company’s stock valued at $308,587,000 after acquiring an additional 85,984 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of IPG Photonics during the 3rd quarter valued at about $960,000. 93.79% of the stock is currently owned by institutional investors.

About IPG Photonics

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; 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; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.