LPKF Laser: After a 28% Wipeout from the Peak, the Next Test Arrives in July

The euphoria that lifted LPKF Laser to a 52-week high of €30.20 on 23 June has evaporated with startling speed. The stock now trades at €21.70, a 28% drop from that peak, and the sell-off has shaved off roughly 18% in the past seven trading days alone. Yet for anyone who bought in early January, the position remains spectacular: the year-to-date gain still stands at around 261%.

What triggered the reversal was a textbook case of “sell the news” following the company’s promotion to the SDAX index on 22 June. Investors who had ridden the stock higher on the back of LIDE technology hype took the index inclusion as their exit cue. The resulting profit-taking has been brutal, but the fundamental story has not changed.

LIDE technology keeps the pipeline busy

LPKF’s patented laser-induced deep etching (LIDE) process allows high-precision glass processing that is essential for advanced semiconductor packaging. The company reports that more than 80% of equipment buyers for glass-based advanced packaging choose LPKF systems. Several semiconductor groups are currently testing the technology in pilot runs, and management expects first high-volume orders – so-called ramp-up deals – to materialise before the end of the year. Talks are already in progress.

Beyond chip packaging, LPKF is also targeting the co-packaged optics market, where optical signals are integrated directly into chip packages. To secure its position, the company is expanding its offering to include glass layer cutting and bonding solutions as part of its internal transformation programme, “North Star”.

Should investors sell immediately? Or is it worth buying LPKF Laser?

Transformation comes at a cost

The North Star roadmap aims for a double-digit EBIT margin by 2028, but the journey is not free. For 2026, LPKF expects restructuring expenses of roughly 3% to 4% of revenue. These costs are a necessary investment to embed the company firmly in the growing advanced packaging ecosystem and to defend its patent-protected edge.

Meanwhile, a new shareholder has emerged. On Monday, the MW Group (GP) Ltd. disclosed a 3.14% stake in LPKF, crossing the 3% reporting threshold. Whether this signals strategic interest or a purely financial bet remains unclear, but it adds another layer of attention ahead of the next major catalyst.

Half-year report: the order narrative gets a reality check

The next concrete milestone is the half-year report due in July. Investors will scrutinise the progress of the high-volume order negotiations that management has flagged for this year. Any tangible update on LIDE-related contracts could either reignite the rally or deepen the correction if expectations are unmet.

LPKF Laser at a turning point? This analysis reveals what investors need to know now.

Technically, the stock is testing a critical level. The 50-day moving average sits at €22.06, only marginally above the current price. A hold above this zone could signal the end of the consolidation; a breakdown would likely invite further selling pressure.

With an annualised volatility of 131%, every data point on LIDE and every forward-looking statement from the executive board will move the share price sharply. The next few weeks will show whether the recent sell-off is a healthy pause in a long-term growth story or the beginning of a deeper reset.

Ad

LPKF Laser Stock: New Analysis - 30 June

Fresh LPKF Laser information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.

Read our updated LPKF Laser analysis...

en | DE0006450000 | LPKF | boerse | 69660628 |