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Held by 320 of 5,944 reporting institutions (95th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 1%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $404M covers all $39M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2020-09-30 (10-Q).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.00B 100.0% | $977.1M 100.0% | $1.29B 100.0% | $1.43B 100.0% | $1.46B 100.0% | $1.20B 100.0% | $1.31B 100.0% | $1.46B 100.0% | $1.41B 100.0% | $1.01B 100.0% |
| Cost of Revenue | $622.3M 62.0% | $639.0M 65.4% | $745.7M 57.9% | $874.1M 61.1% | $764.5M 52.3% | $661.7M 55.1% | $708.4M 53.9% | $659.6M 45.2% | $612.0M 43.4% | $453.9M 45.1% |
| Gross Profit | $381.5M 38.0% | $338.2M 34.6% | $541.7M 42.1% | $555.4M 38.9% | $696.4M 47.7% | $539.0M 44.9% | $606.2M 46.1% | $800.3M 54.8% | $796.9M 56.6% | $552.2M 54.9% |
| Research & Development | $117.4M 11.7% | $109.8M 11.2% | $98.7M 7.7% | $116.1M 8.1% | $139.6M 9.6% | $126.9M 10.6% | $130.0M 9.9% | $122.8M 8.4% | $100.9M 7.2% | $78.6M 7.8% |
| Selling, General & Admin | $143.1M 14.3% | $124.3M 12.7% | $125.7M 9.8% | $131.3M 9.2% | $125.9M 8.6% | $110.0M 9.2% | $107.6M 8.2% | $102.4M 7.0% | $80.7M 5.7% | $66.5M 6.6% |
| Total Operating Expenses | $368.4M 36.7% | $546.4M 55.9% | $309.7M 24.1% | $385.9M 27.0% | $328.5M 22.5% | $340.3M 28.3% | $372.4M 28.3% | $276.9M 19.0% | $245.8M 17.4% | $187.9M 18.7% |
| Operating Income | $13.1M 1.3% | -$208.3M -21.3% | $232.0M 18.0% | $169.5M 11.9% | $367.9M 25.2% | $198.7M 16.5% | $233.8M 17.8% | $523.4M 35.9% | $551.1M 39.1% | $364.3M 36.2% |
| Other Income (Expense), net | $32.0M 3.2% | $46.4M 4.7% | $42.9M 3.3% | $13.9M 1.0% | -$1.4M -0.1% | $7.0M 0.6% | $14.6M 1.1% | $11.0M 0.8% | $759K 0.1% | $2.3M 0.2% |
| Pretax Income | $45.1M 4.5% | -$161.9M -16.6% | $274.9M 21.4% | $183.4M 12.8% | $366.5M 25.1% | $205.7M 17.1% | $248.4M 18.9% | $534.4M 36.6% | $551.9M 39.2% | $366.6M 36.4% |
| Income Tax Expense | $14.0M 1.4% | $19.6M 2.0% | $56.0M 4.3% | $72.6M 5.1% | $88.6M 6.1% | $45.4M 3.8% | $68.1M 5.2% | $130.2M 8.9% | $204.3M 14.5% | $105.8M 10.5% |
| Net Income | $31.1M 3.1% | -$181.5M -18.6% | $218.9M 17.0% | $109.9M 7.7% | $278.4M 19.1% | $159.6M 13.3% | $180.2M 13.7% | $404.0M 27.7% | $347.6M 24.7% | $260.8M 25.9% |
| Per Share | ||||||||||
| EPS (Basic) | $0.73 | $-4.09 | $4.64 | $2.17 | $5.21 | $3.00 | $3.40 | $7.55 | $6.50 | $4.91 |
| EPS (Diluted) | $0.73 | $-4.09 | $4.63 | $2.16 | $5.16 | $2.97 | $3.35 | $7.38 | $6.36 | $4.85 |
| Weighted Avg Shares (Basic) | 42.3M | 44.3M | 47.2M | 50.8M | 53.4M | 53.2M | 53.1M | 53.5M | 53.5M | 53.1M |
| Weighted Avg Shares (Diluted) | 42.6M | 44.3M | 47.3M | 50.9M | 53.9M | 53.8M | 53.8M | 54.7M | 54.7M | 53.8M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $76.12 today, the market must believe free cash flow compounds 5.3%/yr for a decade (off $167M normalized FCF).
2-stage DCF · 0.04B shares · net debt -$404M
mean -3.9% · volatility σ 58% · implied rate exceeded in 3/9 yrs
Central path = implied 5.3%/yr growth; shaded band = ±1σ (58%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
6/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $53M buybacks = $53M returned on -$3M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
No standout strengths flagged.
Where each multiple sits in its own 14-yr range · 55th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 45.2 | 53.9 | 55.1 | 52.3 | 61.1 | 57.9 | 65.4 | 62.0 |
| Gross Profit | 54.8 | 46.1 | 44.9 | 47.7 | 38.9 | 42.1 | 34.6 | 38.0 |
| R&D | 8.4 | 9.9 | 10.6 | 9.6 | 8.1 | 7.7 | 11.2 | 11.7 |
| SG&A | 7.0 | 8.2 | 9.2 | 8.6 | 9.2 | 9.8 | 12.7 | 14.3 |
| Operating Income | 35.9 | 17.8 | 16.5 | 25.2 | 11.9 | 18.0 | -21.3 | 1.3 |
| Income Tax | 8.9 | 5.2 | 3.8 | 6.1 | 5.1 | 4.3 | 2.0 | 1.4 |
| Net Income | 27.7 | 13.7 | 13.3 | 19.1 | 7.7 | 17.0 | -18.6 | 3.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on IPGP: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $11.16T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.33T | 44.8× | 40.0× | 24.7× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.98T | 45.2× | 34.8× | 12.0× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.70T | 27.7× | 19.6× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.65T | 72.8× | 65.1× | 25.8× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.10T | 128.8× | 60.7× | 29.3× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $888.5B | 205.7× | 210.2× | 25.6× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $543.3B | — | 67.4× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $436.6B | 43.2× | 36.6× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $421.4B | 279.8× | 291.6× | 94.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $383.6B | 67.8× | 36.1× | 3.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.7B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| RPAY | $338.0B | — | — | 1092.8× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| UMC | $307.4B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $262.5B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| PANW | $250.5B | 234.4× | 156.5× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SNDK | $235.7B | — | — | 32.0× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| TXN | $234.6B | 47.4× | 30.9× | 13.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $225.6B | 31.1× | 24.4× | 5.4× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.8B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| MRVL | $204.0B | 78.4× | 133.3× | 24.9× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $202.7B | 37.7× | 15.2× | 4.6× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| IPGP | $3.2B | 104.3× | 35.0× | 3.2× | 2.7% | 38.0% | 3.1% | 1.5% | 1.5% | — | 320 |
Peers = companies sharing IPGP's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.