IPGP
IPG Photonics Corporation Technology - Lasers Investor Relations →
IPG Photonics Corporation (IPGP) closed at $109.61 as of 2026-02-02, trading 22.2% above its 200-week moving average of $89.70. The stock moved further from the line this week, up from 3.1% last week. The 14-week RSI sits at 69, indicating neutral momentum.
Over the past 951 weeks of data, IPGP has crossed below its 200-week moving average 12 times. On average, these episodes lasted 35 weeks. Historically, investors who bought IPGP at the start of these episodes saw an average one-year return of +37.8%.
With a market cap of $4.6 billion, IPGP is a mid-cap stock. The company generates a free cash flow yield of 0.9%. Return on equity stands at 1.2%. The stock trades at 2.2x book value.
The company has been aggressively buying back shares, reducing its share count by 19.7% over the past three years.
Over the past 18.3 years, a hypothetical investment of $100 in IPGP would have grown to $539, compared to $652 for the S&P 500. IPGP has returned 9.6% annualized vs 10.8% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -17.6% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: IPGP vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After IPGP Crosses Below the Line?
Across 12 historical episodes, buying IPGP when it crossed below its 200-week moving average produced an average return of +44.2% after 12 months (median +24.0%), compared to +13.7% for the S&P 500 over the same periods. 58% of those episodes were profitable after one year. After 24 months, the average return was +44.2% vs +23.2% for the index.
Each line shows $100 invested at the moment IPGP crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
IPGP has crossed below its 200-week MA 12 times with an average 1-year return of +37.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Nov 2007 | Aug 2008 | 37 | 29.4% | -39.2% | +453.9% |
| Sep 2008 | Dec 2009 | 65 | 59.8% | -24.7% | +455.0% |
| Jan 2010 | Apr 2010 | 13 | 14.4% | +127.6% | +616.4% |
| May 2010 | Aug 2010 | 11 | 12.7% | +331.7% | +569.6% |
| Oct 2018 | Oct 2018 | 1 | 0.2% | +1.9% | -17.1% |
| Dec 2018 | Jan 2019 | 8 | 20.2% | +14.2% | -11.9% |
| May 2019 | Jun 2019 | 5 | 11.3% | +9.0% | -18.2% |
| Jul 2019 | May 2020 | 45 | 32.2% | +14.9% | -22.1% |
| Jun 2020 | Jun 2020 | 1 | 0.0% | +35.9% | -29.4% |
| Aug 2020 | Aug 2020 | 1 | 5.0% | +11.2% | -27.2% |
| Sep 2020 | Sep 2020 | 1 | 0.6% | +8.8% | -30.9% |
| Aug 2021 | Jan 2026 | 233 | 52.2% | -37.8% | -35.2% |
| Average | 35 | — | +37.8% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02