IPGP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $84.05
Market Cap (MRQ) $3.57B
P/E (TTM) 131.3
EPS (TTM) $0.64
Revenue (TTM) $1.07B
ROE (TTM) 1.3%
52W Range $69–$150

IPGP Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
range
bars

Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.

About IPG Photonics Corporation - Common Stock Company overview from Wikipedia

05 · wikidata

IPG Photonics Corporation is an American manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, and Italy.

IPG was founded in 1990 by Valentin P. Gapontsev, IPG's Executive Chairman and former chief executive officer, and Igor Samartsev, IPG's Chief Technology Officer.

IPG also develops and manufactures fiber amplifiers, diode lasers and several complementary products used with its lasers, such as optical delivery cables, fiber couplers, and beam switches. Its products are sold globally and primarily used for materials processing, advanced technologies, telecommunications, and medical applications.

The company is headquartered in Marlborough, Massachusetts, with more than 25 facilities around the world.

History

IPG was founded in 1990 in Russia by physicist Valentin Gapontsev.

Building on previous demonstrations to improve the efficiencies of fiber lasers, in 1990, Valentin Gapontsev and Igor Samartsev first proposed using fiber laser technology to produce a high power laser beam, demonstrating 2W CW Er doped fiber lasers at 1.54μm and a 5W laser in 1991. Using a side-pumping technique, Gapontsev and Samartsev's unique fiber laser architecture enabled many semiconductor laser diodes to pump through one single-mode fiber.

This created a high power, near infrared (1064-1070nm) laser, with single mode beam quality. This discovery also resulted in high power optical amplifiers. Optical amplifiers convert a small light signal into a powerful beam, often a thousand times brighter, but otherwise identical to the original signal. In 2018, these amplifiers were used in telecommunications and Internet networks to transmit data over optical fiber and free space.

NTO IRE-Polus

In December 1991, Gapontsev and Alexander Shestakov founded NTO IRE-Polus. The company was based in Fryazino, Russia. Shestakov left the company in 1994. Gapontsev started using the acronym IPG to refer to his company. It stood for IRE-Polus Group.

In 1993, IPG won a contract with Italtel, a large Italian telecommunications carrier. IPG developed a 200 mW erbium doped amplifier for Italtel, which became IPG's first marketable product. IPG then developed erbium fiber amplifiers using a new pump design and fiber solution. In order to introduce the technology to the market, Italtel convinced Gapontsev to transfer component production to Italy. This became IPG's first European subsidiary.

In 1994, Daimler Benz Aerospace (DBA), a German company, hired IPG to create a laser-based obstacle warning system for a helicopter. DBA funded IPG's development of a new fiber laser based solution. IPG opened a manufacturing and research facility in Berlin to develop the transmitter. A year later, IPG opened a facility near Frankfurt.

In 1996, IPG launched industrial-quality, diffraction-limited (single mode) 10-W fiber lasers. IPG continued developing new products and selling them to customers in Japan, the United States, and Europe.

In 2024, IPG sold its entire interest in IRE-Polus. The sale completed IPG's exit from all facilities in Russia following Russia's invasion of Ukraine.

US subsidiary

In 1998, IPG established the IPG Photonics Corporation headquartered in Oxford, Massachusetts.

By 2000, IPG was a $52 million company. Its customers included Alcatel, Fujitsu, Lucent, Siemens, and Marconi (Reltec). During this time, IPG started developing its multi-kilowatt diode-pumped fiber lasers.

In 2000, IPG introduced a 100-W diffraction-limited fiber laser using its multi-fiber side-coupling technology. In comparison, the conventional diode-pumped solid-state lasers (DPSSLs) on the market used diode bars as the pump source, with each bar typically producing 40 W of power.

By the end of 2000, capital spending by telecommunications providers was reduced and IPG revenue from communications applications declined. IPG invested much of its remaining capital in the development of: (1) high-power industrial fiber lasers; (2) mass production lines; and (3) semiconductor pump laser diode technology. IPG pursued raising the maximum wattage of fiber laser technology.

Between 2002 and 2003, IPG developed multi-kW industrial class fiber lasers. This was accomplished by combining the output beams of several 100-W fiber lasers.

In 2006, IPG raised more than $90 million, net of proceeds, in an initial public offering. The company continued to expand, opening offices near Detroit, Michigan in 2006, Beijing, China in 2007, and its Silicon Valley Technology Center in San Jose, California in 2010.

Beginning in 2010, the company introduced its first quasi-continuous wave (QCW) lasers into the market.

IPG's Oxford facility was expanded to include a new production facility in 2013.

In 2017, worldwide IPG revenue grew to $1.4 billion, a 40% increase over the previous year. In 2018 the company was added to the S&P 500 stock market index.

In late 2018, IPG acquired Genesis Systems, a robotic integration company.

IPG announced the release of the LightWELD 1500, a handheld laser welding system, late in 2020.

In 2021, Valentin Gapontsev stepped down as chief executive officer, retaining a position as Executive Chairman of the company. Then, Eugene Scherbakov succeeded Dr. Gapontsev as IPG's CEO. On April 30, 2024, Mark M. Gitin was appointed as the current chief executive officer.

Canadian Subsidiary

In late 2017, IPG announced the acquisition of Laser Depth Dynamics, a provider of an optical coherence tomography-based in-process quality monitoring and control solutions for laser-based welding applications. The subsidiary operates as IPG Photonics (Canada) Inc. and is located in Kingston, Ontario.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorIndustrials industryElectrical Equipment employees4,840 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$1.00B
2016-12-31 → 2025-12-31
EPS$0.73
2016-12-31 → 2025-12-31
Free Cash Flow·
2016-12-31 → 2024-12-31
Net margin2.6%
2016-12-31 → 2024-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend IPGP 5Y avg Peer Median Verdict
P/E (TTM) 131.35Y avg ≈36.2 ≈36.2 45.7 Overvalued
P/S (TTM) 3.35Y avg ≈4.2 ≈4.2 1.8 Overvalued
P/B (MRQ) 1.75Y avg ≈2.3 ≈2.3 3.3 Undervalued
Price / FCF (TTM) 171.95Y avg ≈33.1 ≈33.1 · ·
Price / Cash Flow (TTM) 37.15Y avg ≈19.1 ≈19.1 13.4 Overvalued
Price / Tangible Book (MRQ) 1.75Y avg ≈2.1 ≈2.1 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -9.7%
Next Report Nov 02, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 3, 2026 $0.12 $0.39 -69.0%
March 31, 2026 $0.04 $0.28 -85.6%
Dec. 31, 2025 $0.31 $0.20 52.7%
Sept. 30, 2025 $0.18 $0.14 31.1%
June 30, 2025 $0.16 $0.09 70.0%
March 31, 2025 $0.09 $0.21 -57.5%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 16
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $1.00B$977M$1.29B$1.43B$1.46B$1.20B$1.31B$1.46B$1.41B$1.01B$901M$770M
Cost of Revenue $622M$639M$746M$874M$764M$662M$708M$660M$612M$454M$409M$353M
Gross Profit $381M$338M$542M$555M$696M$539M$606M$800M$797M$552M$492M$417M
R&D Expense $117M$110M$99M$116M$140M$127M$130M$123M$101M$79M$63M$53M
SG&A Expense $143M$124M$126M$131M$126M$110M$108M$102M$81M$66M$57M$55M
Operating Expenses $368M$546M$310M$386M$329M$340M$372M$277M$246M$188M$150M$133M
Operating Income $13M$-208M$232M$170M$368M$199M$234M$523M$551M$364M$342M$284M
Other Non-op $2M$899.0K$1M$1M$437.0K$763.0K$345.0K$2M$22.0K$948.0K$-125.0K$793.0K
Pretax Income $45M$-162M$275M$183M$366M$206M$248M$534M$552M$367M$342M$284M
Income Tax $14M$20M$56M$73M$89M$45M$68M$130M$204M$106M$100M$84M
Net Income $31M$-182M$219M$110M$278M$160M$180M$404M$348M$261M$242M$200M
EPS (Basic) $0.73$-4.09$4.64$2.17$5.21$3.00$3.40$7.55$6.50$4.91$4.60$3.85
EPS (Diluted) $0.73$-4.09$4.63$2.16$5.16$2.97$3.35$7.38$6.36$4.85$4.53$3.79
Shares (Basic) 42,345,00044,336,00047,154,00050,761,00053,410,00053,186,00053,061,00053,522,00053,495,00053,068,00052,676,00052,104,000
Shares (Diluted) 42,650,00044,336,00047,320,00050,925,00053,930,00053,785,00053,839,00054,726,00054,699,00053,797,00053,427,00052,824,000
EBITDA ·$-147M·$260M$464M$293M$330M$604M$616M$416M$384M$319M
Balance Sheet 29
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $404M$620M$515M$698M$709M$876M$680M$544M$910M$624M$583M$522M
Short-term Investments $436M$310M$663M$479M$805M$515M$503M$500M$206M$207M$107M$0
Receivables $182M$171M$219M$211M$262M$264M$238M$256M$237M$156M$150M$143M
Inventory $313M$285M$454M$509M$461M$365M$381M$404M$308M$239M$204M$171M
Prepaid Expense $46M$27M$38M$47M$73M$58M$56M$58M$48M$41M$26M$21M
Current Assets $1.42B$1.43B$1.91B$1.99B$2.35B$2.15B$1.90B$1.81B$1.75B$1.30B$1.10B$894M
PP&E (Net) $638M$588M$602M$581M$635M$598M$601M$543M$460M$379M$289M$275M
PP&E (Gross) $1.27B$1.16B$1.16B$1.09B$1.18B$1.09B$1.01B$879M$744M$607M$475M$439M
Accum. Depreciation $636M$574M$554M$508M$547M$488M$409M$336M$284M$227M$187M$164M
Goodwill $72M$67M$39M$38M$39M$41M$82M$101M$56M$20M$505.0K$455.0K
Intangibles $50M$55M$26M$34M$53M$62M$74M$87M$51M$29M$12M$9M
Other Non-current Assets $41M$32M$28M$29M$49M$43M$45M$19M$19M$19M$20M$27M
Total Assets $2.42B$2.29B$2.70B$2.74B$3.17B$2.94B$2.73B$2.57B$2.37B$1.79B$1.45B$1.21B
Accounts Payable $39M$35M$29M$46M$56M$26M$27M$36M$35M$28M$26M$17M
Accrued Liabilities $185M$152M$181M$203M$231M$177M$150M$155M$144M$102M$76M$64M
Current Liabilities $234M$205M$215M$275M$313M$215M$192M$246M$199M$158M$142M$122M
Capital Leases $12M$13M$14M$17M$19M$18M$20M·····
Deferred Tax $9M$14M$2M$1M$2M···$21M···
Other Non-current Liabilities ·········$36M$33M$23M
Total Liabilities $296M$265M$284M$358M$423M$342M$328M$368M$345M$232M$193M$164M
Long-term Debt ···$16M$34M$38M$42M$45M$45M$41M$20M$33M
Total Debt ···$16M$34M$38M$42M$45M$49M$41M$20M$33M
Common Stock $6.0K$6.0K$6.0K$6.0K$6.0K$6.0K$5.0K$5.0K$5.0K$5.0K$5.0K$5.0K
Retained Earnings $2.64B$2.61B$2.80B$2.58B$2.47B$2.19B$2.03B$1.85B$1.44B$1.09B$833M$591M
Treasury Stock $1.56B$1.51B$1.16B$938M$439M$304M$266M$225M$49M$9M$0·
AOCI $-38M$-119M$-213M$-205M$-190M$-146M$-147M$-163M$-77M$-179M$-181M$-112M
Stockholders' Equity $2.13B$2.02B$2.42B$2.39B$2.75B$2.59B$2.40B$2.21B$2.02B$1.56B$1.26B$1.05B
Liabilities + Equity $2.42B$2.29B$2.70B$2.74B$3.17B$2.94B$2.73B$2.57B$2.37B$1.79B$1.45B$1.21B
Shares Outstanding 42,127,06742,548,56146,320,67148,138,25753,010,26553,427,23453,010,87552,941,60753,629,43953,251,80552,883,90252,369,688
Cash Flow 17
Metric Trend 202520242023202220212020201920182017201620152014
D&A $67M$61M$70M$91M$96M$95M$96M$80M$65M$51M$42M$36M
Stock-based Comp $43M$37M$40M$38M$38M$35M$33M$28M$23M$22M$19M$15M
Deferred Tax $-14M$-26M$-14M$-28M$-7M$-13M$-15M$-5M$23M$-13M$-7M$-1M
Amort. of Intangibles $10M$6M$8M$10M$12M$12M$13M$8M$6M$4M$2M$2M
Restructuring $601.0K$0$-288.0K$10M·$506.0K$2M·····
Other Non-cash ·$357M·$1M$-16M$9M$29M$-114M$-53M$-29M$-40M$-70M
Operating Cash Flow $75M$248M$296M$213M$390M$285M$324M$393M$405M$298M$263M$180M
CapEx $79M$99M$110M$110M$123M$88M$134M$160M$127M$127M$70M$89M
Investing Cash Flow $-265M$209M$-238M$297M$-416M$-100M$-140M$-563M$-171M$-274M$-182M$-90M
Debt Issued ······$0$0$28M$24M$0$0
Net Debt Issued ·$0·$-18M$-4M$-4M$-4M$-4M$8M$21M$-13M$-2M
Stock Repurchased $53M$344M$223M$500M$135M$38M$41M$176M$40M$9M$0$0
Net Stock Activity ·$-344M·$-500M$-135M$-38M$-41M$-176M$-40M$-9M··
Financing Cash Flow $-54M$-340M$-236M$-515M$-125M$-10M$-37M$-167M$-3M$27M$-2M$12M
Net Change in Cash $-216M$105M$-184M$-11M$-169M$196M$139M$-366M$286M$41M$60M$73M
Taxes Paid $57M$41M$63M$113M$63M$86M$117M$113M$156M$127M$91M$74M
Free Cash Flow ·$149M·$103M$267M$198M$190M$233M$279M$165M$186M$92M
Profitability 8
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin ·34.6%·38.9%47.7%44.9%46.1%54.8%56.6%54.9%54.6%54.1%
Operating Margin ·-21.3%·11.9%25.2%16.5%17.8%35.9%39.1%36.2%38.0%36.9%
Net Margin ·-18.6%·7.7%19.1%13.3%13.7%27.7%24.7%25.9%26.9%26.0%
Pretax Margin ·-16.6%·12.8%25.1%17.1%18.9%36.6%39.2%36.4%37.9%37.0%
EBITDA Margin ·-15.0%·18.2%31.8%24.4%25.1%41.3%43.7%41.3%42.7%41.5%
ROA ·-7.3%·3.7%9.1%5.6%6.8%16.4%16.7%16.1%18.2%17.6%
ROE ·-8.8%·4.3%10.4%6.4%7.8%19.1%19.4%18.5%21.0%20.3%
ROIC ·-11.5%·4.3%10.0%5.9%6.9%17.6%16.8%16.2%18.9%18.5%
Liquidity & Solvency 4
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio ·7.0·7.27.510.09.97.38.88.27.77.3
Quick Ratio ·5.4·5.15.77.77.45.36.86.25.85.4
Debt / Equity ···0.00.00.00.00.00.00.00.00.0
LT Debt / Equity ···0.00.00.00.00.00.00.00.00.0
Efficiency 3
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover ·0.4·0.50.50.40.50.60.70.60.70.7
Inventory Turnover ·1.7·1.81.91.81.81.92.22.12.22.1
Receivables Turnover ·5.0·6.05.54.85.35.97.26.66.16.2
Per Share 5
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share ·$47.58·$49.55$51.81$48.53$45.31$41.66$37.71$29.25$23.82$19.98
Revenue / Share ·$22.04·$28.07$27.09$22.32$24.42$26.68$25.76$18.70$16.87$14.57
Cash Flow / Share ·$5.59·$4.18$7.23$5.31$6.01$7.19$7.41$5.43$4.80$3.41
Cash / Share ·$14.57·$14.50$13.38$16.40$12.83$10.28$16.97$11.72$11.02$9.97
EPS (TTM) $0.73$-4.09$4.63$2.16$5.16$2.97$3.35$7.38$6.36$4.85$4.53$3.79
Growth Rates 9
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 2.7%-24.1%-9.9%-2.1%21.7%·······
Revenue CAGR 3Y -11.1%-12.6%2.4%·········
Revenue CAGR 5Y -3.5%···········
EPS YoY ··114.3%-58.1%73.7%·······
EPS CAGR 3Y -30.3%·16.0%·········
EPS CAGR 5Y -24.5%···········
Net Income YoY ··99.1%-60.5%74.5%·······
Net Income CAGR 3Y -34.4%·11.1%·········
Net Income CAGR 5Y -27.9%···········
Valuation (TTM) 14
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $1.00B$977M$1.29B$1.43B$1.46B$1.20B$1.31B$1.46B$1.41B$1.01B$901M$770M
Net Income TTM $31M$-182M$219M$110M$278M$160M$180M$404M$348M$261M$242M$200M
Market Cap ·$3.09B·$4.56B$9.13B$11.96B$7.68B$6.00B$11.48B$5.26B$4.72B$3.92B
Enterprise Value ···$3.40B$7.64B$10.60B$6.54B$5.00B$10.42B$4.47B$4.05B$3.43B
P/E 98.1-17.823.443.833.475.443.315.433.720.419.719.8
P/S ·3.2·3.26.210.05.84.18.25.25.25.1
P/B ·1.5·1.93.34.63.22.75.73.43.73.7
P / Tangible Book 1.51.62.12.03.44.8······
P / Cash Flow ·12.5·21.423.441.923.715.228.318.018.421.8
P / FCF ·20.7·44.534.260.540.425.741.231.825.342.9
EV / EBITDA ···13.116.536.219.88.316.910.710.510.8
EV / FCF ···33.128.753.734.421.537.427.021.737.5
EV / Revenue ···2.45.28.85.03.47.44.44.54.5
Earnings Yield 1.0%-5.6%4.3%2.3%3.0%1.3%2.3%6.5%3.0%4.9%5.1%5.1%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $1.00B $977M $1.29B $1.43B $1.46B
Gross Margin % · 34.6% · 38.9% 47.7%
Operating Margin % · -21.3% · 11.9% 25.2%
Net Income $31M $-182M $219M $110M $278M
Diluted EPS $0.73 $-4.09 $4.63 $2.16 $5.16

Institutional owners (13F) 384 filers · $3.7B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 384
Value held $3.7B
New positions 68
Exited positions 43
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
68 (-25 vs prior Q) 43 (+13 vs prior Q) 144 (+35 vs prior Q) 98 (+10 vs prior Q) +1.8M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
First Eagle Investment Management, LLC $391,717,575 3,338,881 10.51% Shares
BlackRock, Inc. $334,429,309 2,850,574 8.97% Shares
VANGUARD GROUP INC $200,626,565 2,802,047 5.38% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $193,117,167 1,646,072 5.18% Shares
DIMENSIONAL FUND ADVISORS LP $187,717,128 1,600,237 5.03% Shares
LAZARD ASSET MANAGEMENT LLC $167,501,870 1,427,735 4.49% Shares
Sumitomo Mitsui Trust Group, Inc. $159,803,332 1,362,115 4.29% Shares
VICTORY CAPITAL MANAGEMENT INC $145,439,844 1,239,685 3.90% Shares
VANGUARD CAPITAL MANAGEMENT LLC $135,070,633 1,151,301 3.62% Shares
NEUBERGER BERMAN GROUP LLC $114,077,347 976,974 3.06% Shares
STATE STREET CORP $106,677,551 909,287 2.86% Shares
WESTWOOD HOLDINGS GROUP INC $105,768,790 901,541 2.84% Shares
M&G PLC $69,783,597 596,441 1.87% Shares
DISCIPLINED GROWTH INVESTORS INC /MN $62,277,386 530,833 1.67% Shares
GEODE CAPITAL MANAGEMENT, LLC $60,068,292 511,870 1.61% Shares
SEGALL BRYANT & HAMILL, LLC $58,520,389 498,810 1.57% Shares
MORGAN STANLEY $50,641,066 431,648 1.36% Shares
AQR CAPITAL MANAGEMENT LLC $50,577,622 448,582 1.36% Shares
Invesco Ltd. $46,943,252 400,130 1.26% Shares
CITADEL ADVISORS LLC $44,322,792 377,794 1.19% Shares
Allianz Asset Management GmbH $39,624,713 337,749 1.06% Shares
EMERALD ADVISERS, LLC $38,328,561 326,701 1.03% Shares
EXCHANGE TRADED CONCEPTS, LLC $35,723,470 304,496 0.96% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $35,236,006 300,341 0.94% Shares
Legal & General Group Plc $35,113,055 299,293 0.94% Shares
NEXT CENTURY GROWTH INVESTORS LLC $31,764,624 270,752 0.85% Shares
BANK OF AMERICA CORP /DE/ $31,577,617 269,158 0.85% Shares
Pacific Heights Asset Management LLC $26,397,000 225,000 0.71% Shares
AMERIPRISE FINANCIAL INC $26,036,945 221,931 0.70% Shares
NORGES BANK $25,226,264 215,021 0.68% Shares
NORTHERN TRUST CORP $24,958,656 212,740 0.67% Shares
EMERALD MUTUAL FUND ADVISERS TRUST $24,730,000 210,791 0.66% Shares
AMERICAN CAPITAL MANAGEMENT INC $23,215,516 197,882 0.62% Shares
SEI INVESTMENTS CO $23,137,310 197,217 0.62% Shares
FULLER & THALER ASSET MANAGEMENT, INC. $21,038,758 179,328 0.56% Shares
S SQUARED TECHNOLOGY, LLC $19,817,225 168,916 0.53% Shares
RAYMOND JAMES FINANCIAL INC $19,574,256 166,845 0.52% Shares
VANGUARD FIDUCIARY TRUST CO $18,886,760 160,985 0.51% Shares
ROYCE & ASSOCIATES LP $18,871,274 160,853 0.51% Shares
BAILLIE GIFFORD & CO $18,829,743 160,499 0.50% Shares
GOLDMAN SACHS GROUP INC $18,774,341 160,027 0.50% Shares
SYSTEMATIC FINANCIAL MANAGEMENT LP $17,955,513 153,046 0.48% Shares
Bank of New York Mellon Corp $17,512,071 149,268 0.47% Shares
RENAISSANCE TECHNOLOGIES LLC $14,336,504 122,200 0.38% Shares
Quantinno Capital Management LP $12,123,731 103,339 0.33% Shares
BRANDES INVESTMENT PARTNERS, LP $12,109,653 103,219 0.32% Shares
Clear Street Group Inc. $12,029,993 102,540 0.32% Shares
UBS Group AG $11,928,276 101,673 0.32% Shares
Hodges Capital Management Inc. $11,674,279 99,508 0.31% Shares
SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI $11,251,457 95,904 0.30% Shares

Show all 384 institutional owners →

Activists & 5%+ owners 3 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Valentin Gapontsev Trust I, Lopresti Angelo P, IQ EQ Trust Company, U.S., LLC, Shcherbakov Eugene A ×2 filings July 28, 2026 34.30% Amendment · SEC
The Valentin Gapontsev Trust I, Angelo P. Lopresti, individually and as trustee of The Valentin Gapontsev Trust I, IQ EQ Trust Company, U.S., LLC, solely as trustee of The Valentin Gapontsev Trust I, Eugene Scherbakov, individually and as trustee of The Valentin Gapontsev Trust I ×7 filings Jan. 4, 2024 · Initial filing · SEC
Dr. Eugene Scherbakov Nov. 1, 2021 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 42 insiders · 12 officers · 29 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Mark Milton Gitin CEO June 5, 2026 F 87,232 0 0 $0
Timothy Pv Mammen SVP, Chief Financial Officer May 22, 2026 S 76,438 0 2 $-1,195,098
George H Buabbud Vice-President, Telecom Feb. 14, 2013 M 56,820 0 0 $0
Felix I Stukalin SVP, Chief Operating Officer March 1, 2023 F 36,316 0 0 $0
Lopresti Angelo P SVP, Secretary & Gen Counsel June 29, 2026 S 59,841 0 5 $-623,885
Mary E. Buttarazzi VP, Corp Controller and CAO March 17, 2026 S 4,749 0 1 $-58,110
Trevor Ness SVP, Chief Revenue Officer March 1, 2026 F 38,425 0 4 $-273,028
Thomas J Burgomaster Chief Accounting Officer March 1, 2025 F 11,566 0 0 $0
Alexander Ovtchinnikov SVP, Chief Technology Officer March 1, 2024 F 74,360 0 0 $0
Igor Samartsev SVP, Chief Technology Officer June 11, 2021 G 132,700 0 0 $0
William H Shiner VP, Industrial Products Nov. 12, 2012 F 24,474 0 0 $0
Denis Gapontsev Vice President Aug. 6, 2008 S 1,586,666 0 0 $0
John R Peeler Director Aug. 26, 2026 P 20,886 2 0 $199,400
Shcherbakov Eugene A Director July 31, 2026 S 48,210 0 22 $-1,520,392
Tang Agnes Director June 22, 2026 S 9,588 0 5 $-322,441
Jeanmarie F. Desmond Director May 14, 2026 S 10,486 0 1 $-178,430
Kolleen T Kennedy Director May 12, 2026 A 11,513 0 0 $0
Eric Meurice Director May 12, 2026 A 25,239 0 4 $-274,926
Greg Dougherty Director May 12, 2026 A 18,334 0 0 $0
Gregory R Beecher Director May 12, 2026 A 12,216 0 0 $0
Michael C Child Director June 18, 2024 A 68,625 0 0 $0
Thomas J Seifert Director May 24, 2022 A 8,946 0 0 $0
Catherine P Lego Director Nov. 6, 2020 M 10,786 0 0 $0
Henry E Gauthier Director May 30, 2019 A 17,051 0 0 $0
William S Hurley Director May 11, 2018 M 11,005 0 0 $0
Robert A Blair Director May 13, 2015 M 23,738 0 0 $0
William F Krupke Director Feb. 19, 2014 A 12,800 0 0 $0
Michael R Kampfe Director June 5, 2012 A 1,000 0 0 $0
John H Dalton Director March 30, 2011 S 39,624 0 0 $0
TA EXECUTIVES FUND LLC Director July 23, 2007 S 27,814 0 0 $0
TA ASSOCIATES AP IV LP Director July 23, 2007 S 712,480 0 0 $0
TA ASSOCIATES VIII LLC Director July 23, 2007 S 769,386 0 0 $0
TA ASSOCIATES IX LLC Director July 23, 2007 S 1,647,767 0 0 $0
TA INVESTORS LLC Director July 23, 2007 S 48,333 0 0 $0
TA / ATLANTIC & PACIFIC IV LP Director July 23, 2007 S 712,480 0 0 $0
TA IX LP Director July 23, 2007 S 1,647,767 0 0 $0
TA ADVENT VIII LP Director July 23, 2007 S 769,386 0 0 $0
TA ASSOCIATES INC Director July 23, 2007 S 3,205,780 0 0 $0
Valentin Gapontsev Trust I 10% owner Sept. 2, 2026 S 6,642,886 0 56 $-37,470,027
Paulus Bucher · Aug. 8, 2026 F 6,053 0 0 $0
IP FIBRE DEVICES LTD · Aug. 5, 2026 S 6,405,989 0 54 $-40,932,605
Valentin P Gapontsev · Nov. 17, 2020 S 298,638 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 57 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
ROBO · EXCHANGE TRADED CONCEPTS TRUST 1.33% 311,929 NS July 31, 2026 N-PORT
AMOM · Exchange Listed Funds Trust 0.70% 1,964 NS July 31, 2026 N-PORT
QQQS · Invesco Exchange-Traded Fund Trust … 0.58% 1,577 SH Oct. 2, 2026 Daily
IVOV · VANGUARD ADMIRAL FUNDS 0.17% 21,868 SH Aug. 19, 2026 Daily
NUSC · Nushares ETF Trust 0.17% 25,517 NS July 31, 2026 N-PORT
TRFM · ETF Series Solutions 0.15% 4,325 NS July 31, 2026 N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust 0.14% 44,485 SH Oct. 2, 2026 Daily
DFAT · Dimensional ETF Trust 0.12% 200,986 NS July 31, 2026 N-PORT
BKSE · BNY Mellon ETF Trust 0.09% 968 NS July 31, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.09% 88,479 NS July 31, 2026 N-PORT
JMOM · J.P. Morgan Exchange-Traded Fund Tr… 0.08% 23,821 NS July 31, 2026 N-PORT
VBK · VANGUARD INDEX FUNDS 0.08% 336,872 SH Aug. 19, 2026 Daily
IVOO · VANGUARD ADMIRAL FUNDS 0.08% 41,084 SH Aug. 19, 2026 Daily
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.08% 6,522 NS July 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.08% 142,003 NS July 31, 2026 N-PORT
SMDX · Tidal Trust III 0.07% 1,102 NS July 31, 2026 N-PORT
EQAL · Invesco Exchange-Traded Fund Trust … 0.07% 6,456 SH Oct. 2, 2026 Daily
QVMM · Invesco Exchange-Traded Fund Trust … 0.07% 3,213 SH Oct. 2, 2026 Daily
ISCG · iShares Trust 0.06% 7,745 SH Sept. 11, 2026 Daily
PTMC · Pacer Funds Trust 0.06% 2,802 NS July 31, 2026 N-PORT
ESML · iShares Trust 0.05% 19,118 SH Sept. 11, 2026 Daily
MIDU · Direxion Shares ETF Trust 0.05% 374 NS July 31, 2026 N-PORT
FYX · First Trust Exchange-Traded AlphaDE… 0.05% 7,436 NS July 31, 2026 N-PORT
RWK · Invesco Exchange-Traded Fund Trust … 0.05% 6,970 SH Oct. 2, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.04% 583,689 SH Aug. 19, 2026 Daily
VGT · VANGUARD WORLD FUND 0.04% 636,949 SH Aug. 19, 2026 Daily
IGPT · Invesco Exchange-Traded Fund Trust 0.04% 6,798 SH Oct. 2, 2026 Daily
JVAL · J.P. Morgan Exchange-Traded Fund Tr… 0.04% 3,715 NS July 31, 2026 N-PORT
FTEC · FIDELITY COVINGTON TRUST 0.03% 80,608 NS July 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.03% 292,092 SH Aug. 19, 2026 Daily
DXUV · Dimensional ETF Trust 0.03% 1,836 NS July 31, 2026 N-PORT
SMMD · iShares Trust 0.03% 13,645 SH Sept. 11, 2026 Daily
IWS · iShares Trust 0.02% 39,493 SH Sept. 11, 2026 Daily
WSML · iShares Trust 0.02% 1,629 SH Sept. 11, 2026 Daily
DFAC · Dimensional ETF Trust 0.02% 91,194 NS July 31, 2026 N-PORT
IWR · iShares Trust 0.01% 105,426 SH Sept. 11, 2026 Daily
DCOR · Dimensional ETF Trust 0.01% 4,763 NS July 31, 2026 N-PORT
VONV · VANGUARD SCOTTSDALE FUNDS 0.01% 15,502 SH Aug. 19, 2026 Daily
IYW · iShares Trust 0.01% 31,776 SH Sept. 11, 2026 Daily
DFSU · Dimensional ETF Trust 0.01% 2,653 NS July 31, 2026 N-PORT
IGM · iShares Trust 0.01% 11,970 SH Sept. 11, 2026 Daily
DFAU · Dimensional ETF Trust 0.01% 10,616 NS July 31, 2026 N-PORT
IUSV · iShares Trust 0.01% 21,265 SH Sept. 11, 2026 Daily
IWD · iShares Trust 0.01% 56,963 SH Sept. 11, 2026 Daily
DFUS · Dimensional ETF Trust 0.00% 9,260 NS July 31, 2026 N-PORT
IWB · iShares Trust 0.00% 17,235 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.00% 32,907 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.00% 6,796 SH Sept. 11, 2026 Daily
TILT · FlexShares Trust 0.00% 474 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.00% 807,733 SH Aug. 19, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 21,137 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.00% 4,107 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 2,131 SH Aug. 19, 2026 Daily
IJH · iShares Trust · 893,579 SH Sept. 11, 2026 Daily
IJJ · iShares Trust · 129,916 SH Aug. 21, 2026 Daily
XJH · iShares Trust · 3,512 SH Sept. 8, 2026 Daily
ISCB · iShares Trust · 1,099 SH Sept. 11, 2026 Daily

IPGP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 17 analysts BUY
Median target $125.00 +48.7%
5 29.4% Strong Buy
7 41.2% Buy
4 23.5% Hold
1 5.9% Sell
0 0.0% Strong Sell

12-Month Price Target

7 analysts · 2026-10-03

Mean target $124.14 +47.7%

Now Current price $84.05
Low$78.00 Mean$124.14 High$152.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
IPGP · 98.1 2.7% · · ·
FLEX $23.94B 28.1 8.1% 3.1% 17.3% 9.2%
JBL $22.02B 34.6 3.2% 2.2% 40.4% 8.9%
TTMI $7.36B 42.4 19.0% 6.1% 10.4% 20.7%
SANM $6.09B 25.6 7.4% 3.0% 9.9% 8.8%
PLXS $3.84B 22.9 1.8% 4.3% 12.3% 10.1%
BHE $1.53B 62.9 0.11% 0.93% 2.2% 10.2%
CTS $1.23B 19.6 5.2% 12.1% 11.8% 38.4%
KE $614M 22.7 -3.7% 1.9% 4.8% 8.2%
FWDI $2.20B -1.0 -9.0% -918.1% -22.7% 28.5%

Latest News Recent headlines mentioning this company

23

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

Source: SEC 10-Q filed Aug 4, 2026