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

IPG Photonics Co. (NASDAQ:IPGP) – Analysts at Seaport Res Ptn lowered their Q4 2024 earnings estimates for IPG Photonics in a research report issued to clients and investors on Tuesday, April 30th. Seaport Res Ptn analyst S. Graham now expects that the semiconductor company will post earnings per share of $0.74 for the quarter, down from their prior forecast of $0.88. Seaport Res Ptn has a “Buy” rating on the stock. The consensus estimate for IPG Photonics’ current full-year earnings is $3.17 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.

A number of other equities analysts have also commented on the company. StockNews.com lowered IPG Photonics from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday. Benchmark decreased their target price on IPG Photonics from $116.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday. Citigroup dropped their price target on IPG Photonics from $74.00 to $68.00 and set a “sell” rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus reduced their price objective on shares of IPG Photonics from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $110.40.

IPG Photonics Stock Performance

Shares of NASDAQ IPGP opened at $86.76 on Thursday. The firm has a 50 day moving average price of $87.69 and a two-hundred day moving average price of $93.97. IPG Photonics has a 52-week low of $80.33 and a 52-week high of $141.85. The stock has a market cap of $3.95 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 16.87 and a beta of 1.17.

IPG Photonics (NASDAQ:IPGP) last released its earnings results 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 quarter in the previous year, the business posted $1.26 earnings per share. The business’s revenue for the quarter was down 27.4% on a year-over-year basis.

IPG Photonics declared that its Board of Directors has initiated a share repurchase plan on Tuesday, February 13th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the semiconductor company to buy up to 7.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at IPG Photonics

In other news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $85.68, for a total transaction of $856,800.00. Following the transaction, the insider now directly owns 7,219,599 shares of the company’s stock, valued at $618,575,242.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $85.68, for a total transaction of $856,800.00. Following the transaction, the insider now directly owns 7,219,599 shares of the company’s stock, valued at $618,575,242.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric Meurice sold 788 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $89.30, for a total value of $70,368.40. Following the sale, the director now owns 16,491 shares of the company’s stock, valued at approximately $1,472,646.30. The disclosure for this sale can be found here. Insiders have sold 29,788 shares of company stock valued at $2,595,508 over the last ninety days. 37.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On IPG Photonics

Several institutional investors have recently bought and sold shares of IPGP. VisionPoint Advisory Group LLC grew its stake in IPG Photonics by 127.2% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 259 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 145 shares during the period. Benjamin F. Edwards & Company Inc. bought a new position in IPG Photonics in the 4th quarter valued at $40,000. Disciplined Equity Management Inc. bought a new position in IPG Photonics in the 4th quarter valued at $43,000. AM Squared Ltd grew its stake in IPG Photonics by 200.0% in the 4th quarter. AM Squared Ltd now owns 600 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 400 shares during the period. Finally, Assetmark Inc. grew its stake in IPG Photonics by 39.4% in the 3rd quarter. Assetmark Inc. now owns 612 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 173 shares during the period. Institutional investors own 93.79% of the company’s stock.

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.