Zacks Research Comments on IPG Photonics FY2024 Earnings

IPG Photonics Co. (NASDAQ:IPGP) – Investment analysts at Zacks Research issued their FY2024 earnings estimates for shares of IPG Photonics in a research note issued on Tuesday, November 19th. Zacks Research analyst R. Department forecasts that the semiconductor company will earn $1.48 per share for the year. The consensus estimate for IPG Photonics’ current full-year earnings is $1.51 per share. Zacks Research also issued estimates for IPG Photonics’ Q4 2024 earnings at $0.22 EPS, Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.69 EPS, FY2025 earnings at $1.87 EPS, Q1 2026 earnings at $0.49 EPS, Q2 2026 earnings at $0.54 EPS, Q3 2026 earnings at $0.75 EPS and FY2026 earnings at $2.61 EPS.

IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. The company had revenue of $233.14 million during the quarter, compared to analyst estimates of $227.89 million. IPG Photonics had a positive return on equity of 4.32% and a negative net margin of 14.20%. IPG Photonics’s revenue was down 22.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share.

IPGP has been the topic of several other reports. Stifel Nicolaus cut their price target on shares of IPG Photonics from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Raymond James decreased their price target on IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating for the company in a research note on Wednesday, July 31st. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. Finally, Benchmark reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $93.50.

IPG Photonics Stock Performance

Shares of IPG Photonics stock opened at $77.79 on Friday. IPG Photonics has a one year low of $61.86 and a one year high of $111.11. The company has a market capitalization of $3.36 billion, a PE ratio of -22.42 and a beta of 0.98. The company has a 50-day simple moving average of $75.73 and a two-hundred day simple moving average of $78.44.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. KBC Group NV grew its stake in IPG Photonics by 50.6% in the 3rd quarter. KBC Group NV now owns 1,086 shares of the semiconductor company’s stock valued at $81,000 after acquiring an additional 365 shares during the period. Innealta Capital LLC purchased a new position in shares of IPG Photonics in the second quarter valued at approximately $85,000. Assetmark Inc. increased its position in shares of IPG Photonics by 28.3% during the third quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company’s stock worth $99,000 after purchasing an additional 295 shares in the last quarter. FMR LLC lifted its holdings in IPG Photonics by 10.4% in the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock valued at $120,000 after purchasing an additional 153 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of IPG Photonics by 7.7% during the third quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company’s stock worth $139,000 after buying an additional 133 shares in the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

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.