FY2025 EPS Estimates for Photronics Boosted by DA Davidson

Key Points

• DA Davidson has raised its FY2025 earnings estimates for Photronics, increasing the expected earnings per share from $1.75 to $1.87, maintaining a "Buy" rating with a target price of $30.00.
• Photronics reported $0.51 EPS for the last quarter, surpassing analysts' consensus estimates which were at $0.39, and the company's revenue also exceeded expectations.
• Insider trading activity has been noted, with directors selling a total of 49,382 shares within the last ninety days, highlighting potential shifts in insider confidence.

Photronics, Inc. (NASDAQ:PLAB - Free Report) - Equities research analysts at DA Davidson boosted their FY2025 EPS estimates for Photronics in a research report issued to clients and investors on Thursday, August 28th. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will post earnings of $1.87 per share for the year, up from their prior estimate of $1.75. DA Davidson currently has a "Buy" rating and a $30.00 target price on the stock. The consensus estimate for Photronics' current full-year earnings is $2.30 per share.

Photronics (NASDAQ:PLAB - Get Free Report) last announced its earnings results on Wednesday, August 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.12. The company had revenue of $210.39 million during the quarter, compared to analysts' expectations of $204.30 million. Photronics had a net margin of 12.67% and a return on equity of 8.19%. Photronics's quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS.

A number of other brokerages have also recently issued reports on PLAB. Wall Street Zen cut shares of Photronics from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Craig Hallum began coverage on Photronics in a research note on Wednesday, June 11th. They issued a "buy" rating and a $32.00 price target for the company. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $31.00.

Photronics Stock Up 1.9%

Shares of Photronics stock traded up $0.42 during trading on Monday, reaching $22.64. The company's stock had a trading volume of 662,186 shares, compared to its average volume of 656,881. The business's 50-day moving average price is $20.61 and its 200-day moving average price is $19.85. The firm has a market cap of $1.36 billion, a PE ratio of 12.86 and a beta of 1.53. Photronics has a 52 week low of $16.46 and a 52 week high of $31.60.

Institutional Investors Weigh In On Photronics

Several hedge funds have recently added to or reduced their stakes in PLAB. LSV Asset Management boosted its position in Photronics by 17.2% during the 2nd quarter. LSV Asset Management now owns 2,607,874 shares of the semiconductor company's stock worth $49,106,000 after buying an additional 383,355 shares during the period. American Century Companies Inc. boosted its position in Photronics by 8.8% during the 1st quarter. American Century Companies Inc. now owns 2,196,267 shares of the semiconductor company's stock worth $45,595,000 after buying an additional 177,380 shares during the period. Nuveen LLC acquired a new stake in Photronics during the 1st quarter worth approximately $3,462,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Photronics during the 4th quarter worth approximately $3,419,000. Finally, Invesco Ltd. boosted its position in Photronics by 12.1% during the 1st quarter. Invesco Ltd. now owns 1,258,714 shares of the semiconductor company's stock worth $26,131,000 after buying an additional 135,859 shares during the period. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Photronics news, Director Kang Jyh Lee sold 4,882 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $18.35, for a total transaction of $89,584.70. Following the completion of the transaction, the director owned 532,100 shares of the company's stock, valued at approximately $9,764,035. The trade was a 0.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mitchell G. Tyson sold 15,000 shares of the business's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $19.97, for a total value of $299,550.00. Following the transaction, the director directly owned 56,927 shares of the company's stock, valued at approximately $1,136,832.19. The trade was a 20.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,382 shares of company stock valued at $1,534,335. Corporate insiders own 3.20% of the company's stock.

About Photronics

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.