IPG PHOTONICS CORP
In the published model solve dated 2026-Q2, anchored at $79.99, 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: 2026-09-08 (items 1.01, 9.01); 2026-08-04 (items 2.02, 9.01); 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).
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.