Photronics (PLAB) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Photronics in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PLAB shares.
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2 equities research analysts have issued 12-month price targets for Photronics' stock. Their PLAB share price forecasts range from $21.00 to $21.00. On average, they anticipate the company's share price to reach $21.00 in the next year. This suggests a possible upside of 10.1% from the stock's current price.
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Photronics' stock was trading at $16.83 at the start of the year. Since then, PLAB stock has increased by 13.3% and is now trading at $19.07.
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Photronics saw a increase in short interest in August. As of August 31st, there was short interest totaling 2,470,000 shares, an increase of 24.7% from the August 15th total of 1,980,000 shares. Based on an average daily volume of 600,000 shares, the short-interest ratio is currently 4.1 days. Approximately 4.3% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 12th 2023.
View our PLAB earnings forecast.

Photronics, Inc. (NASDAQ:PLAB) issued its quarterly earnings results on Wednesday, September, 6th. The semiconductor company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by $0.01. The semiconductor company earned $224.20 million during the quarter, compared to analysts' expectations of $230 million. Photronics had a net margin of 13.48% and a trailing twelve-month return on equity of 10.72%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.51 EPS.

ETFs with the largest weight of Photronics (NASDAQ:PLAB) stock in their portfolio include Invesco Semiconductors ETF (PSI), Cambria Value and Momentum ETF (VAMO), Euclidean Fundamental Value ETF (ECML), ETC 6 Meridian Small Cap Equity ETF (SIXS), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Information Technology ETF (PSCT) and Inspire Fidelis Multi Factor ETF (FDLS).

Photronics updated its fourth quarter 2023 earnings guidance on Wednesday, September, 6th. The company provided earnings per share guidance of $0.51-$0.59 for the period, compared to the consensus estimate of $0.54. The company issued revenue guidance of $222.00 million-$232.00 million, compared to the consensus revenue estimate of $231.00 million.

8 employees have rated Photronics Chief Executive Officer Peter S. Kirlin on Glassdoor.com. Peter S. Kirlin has an approval rating of 49% among the company's employees. This puts Peter S. Kirlin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Photronics investors own include Intel (INTC), AT&T (T), Micron Technology (MU), NVIDIA (NVDA), Netflix (NFLX), AbbVie (ABBV), Advanced Micro Devices (AMD), General Electric (GE), Johnson & Johnson (JNJ) and Cisco Systems (CSCO).

Photronics trades on the NASDAQ under the ticker symbol "PLAB."

Photronics' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.67%), Dimensional Fund Advisors LP (7.04%), State Street Corp (3.34%), Geode Capital Management LLC (2.20%), Nuveen Asset Management LLC (1.90%) and Nuveen Asset Management LLC (1.90%). Insiders that own company stock include Christopher J Progler, John P Jordan, Kang Jyh Lee, Mitchell G Tyson, Mitchell G Tyson, Peter S Kirlin, Richelle E Burr, Richelle E Burr and Walter M Fiederowicz.
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Shares of PLAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PLAB stock can currently be purchased for approximately $19.07.

Photronics (NASDAQ:PLAB) has a market capitalization of $1.19 billion and generates $824.55 million in revenue each year. The semiconductor company earns $118.79 million in net income (profit) each year or $1.92 on an earnings per share basis.

The company employs 1,828 workers across the globe.

Photronics' mailing address is 15 SECOR ROAD, BROOKFIELD CT, 06804. The official website for the company is www.photronics.com. The semiconductor company can be reached via phone at (203) 775-9000 or via email at tdewar@photronics.com.