IPG PHOTONICS CORP
In the published model solve dated 2026-Q2, anchored at $80.78, IPG PHOTONICS CORP (IPGP) is priced for +21.9% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• IPG Photonics is the leading maker of high-power fiber lasers, the industrial tools that cut, weld, and clean metal, with roughly 86% of revenue from the cyclical materials-processing market [Source: IPG Photonics FY2025 10-K]. • The balance sheet is the standout: about $813 million of net cash, no debt, and a share count shrinking around 5% a year as the company buys back stock. • The tension is that earnings are at a cyclical trough, trailing operating income is barely positive, yet the pric
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319 institutional managers reported holding IPGP in 13F filings for the quarter ended 2026-03-31. Together they hold about 67% of the company; the top 10 hold 41%. 73 opened new positions that quarter. Held by First Eagle Investment Management, Vanguard Group, BlackRock, among others. On the short side, 2.7M shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (4.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
IPGP has cut its share count 21% over the past five years, spending $1.16B on repurchases. It pays no dividend. Cash returned over the past three years: $454.28M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at IPGP over the trailing three years. Absence is a fact about the company, not a signal. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
IPGP's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-03 | +0.7% | +13.2% |
| 2023-08-02 | -15.1% | -11.0% |
| 2023-11-01 | +4.0% | +18.8% |
| 2024-05-01 | -5.7% | +1.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
IPGP's latest 8-K filings: 2026-07-17 (items 1.01, 7.01, 9.01); 2026-05-15 (items 5.07); 2026-05-05 (items 2.02, 8.01, 9.01); 2026-03-16 (items 8.01, 9.01); 2026-02-25 (items 8.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.