Photronics (PLAB) Stock Price, News & Analysis

Company Overview

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. The company offers electrical and optical components. It sells its products to semiconductor and FPD manufacturers, designers, and foundries, as well as to other high-performance electronics manufacturers through its sales personnel and customer service representatives. The company was formerly known as Photronic Labs, Inc. and changed its name to Photronics, Inc. in 1990. Photronics, Inc. was incorporated in 1969 and is based in Brookfield, Connecticut.

Key Stats

• Today's Range: $22.96 to $23.67
• 50-Day Range: $22.00 to $25.86
• 52-Week Range: $18.03 to $34.16
• Volume: 294,717 shs
• Average Volume: 495,995 shs
• Market Capitalization: $1.48 billion
• P/E Ratio: 10.27
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Photronics Stock Analysis - MarketRank™

Photronics scored higher than 34% of companies evaluated by MarketBeat, and ranked 522nd out of 664 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Photronics.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.77%

Earnings Growth

Earnings for Photronics are expected to grow by 5.77% in the coming year, from $2.08 to $2.20 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Photronics is 10.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.98.

Price to Earnings Ratio vs. Sector

The P/E ratio of Photronics is 10.27, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 264.23.

Price to Book Value per Share Ratio

Photronics has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.09% of the float of Photronics has been sold short.

Short Interest Ratio / Days to Cover

Photronics has a short interest ratio ("days to cover") of 4.1.

Change versus previous month

Short interest in Photronics has recently decreased by 15.96%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Photronics does not currently pay a dividend.

Dividend Growth

Photronics does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 1.5 / 5
• Environmental Score: -2.59

Percentage of Shares Shorted

3.09% of the float of Photronics has been sold short.

Short Interest Ratio / Days to Cover

Photronics has a short interest ratio ("days to cover") of 4.1.

Change versus previous month

Short interest in Photronics has recently decreased by 15.96%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

Search Interest

7 people have searched for PLAB on MarketBeat in the last 30 days. This is an increase of 40% compared to the previous 30 days.

MarketBeat Follows

3 people have added Photronics to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Photronics insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.88% of the stock of Photronics is held by insiders.

Percentage Held by Institutions

88.38% of the stock of Photronics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PLAB Stock Analysis - Frequently Asked Questions

How have PLAB shares performed this year?

Photronics' stock was trading at $31.37 at the start of the year. Since then, PLAB stock has decreased by 25.7% and is now trading at $23.31.
View the best growth stocks for 2024 here.

How were Photronics' earnings last quarter?

Photronics, Inc. (NASDAQ:PLAB) posted its quarterly earnings results on Thursday, August, 29th. The semiconductor company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.56 by $0.05. The firm's revenue was down 5.9% on a year-over-year basis.

Does Photronics have any subsidiaries?

Photronics subsidiaries include Microphase Laboratories, Align-Rite International Ltd, PDMC Shanghai Ltd., Photronics Advanced Mask Corporation, Photronics California Inc., Photronics DNP Mask Corporation, Photronics Idaho Inc., and others.

Who are Photronics' major shareholders?

Photronics' top institutional investors include Wedge Capital Management L L P NC (0.33%), Allspring Global Investments Holdings LLC (0.26%), Exchange Traded Concepts LLC (0.09%) and Tectonic Advisors LLC (0.06%). Insiders that own company stock include Christopher J Progler, Mitchell G Tyson, John P Jordan, Richelle E Burr, Kang Jyh Lee, Walter M Fiederowicz and Peter S Kirlin.
View institutional ownership trends.

How do I buy shares of Photronics?

Shares of PLAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Photronics own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Photronics investors own include NVIDIA (NVDA), Chevron (CVX), Bristol-Myers Squibb (BMY), McKesson (MCK), Meta Platforms (META), Advanced Micro Devices (AMD) and Broadcom (AVGO).

Company Calendar

• Last Earnings: 8/29/2024
• Today: 10/24/2024
• Fiscal Year End: 10/31/2024
• Next Earnings (Estimated): 12/11/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Semiconductor Equipment
• Current Symbol: NASDAQ:PLAB
• CUSIP: 71940510
• CIK: 810136
• Web: www.photronics.com
• Phone: (203) 775-9000
• Fax: N/A
• Employees: 1,885
• Year Founded: 1969

Profitability

• EPS (Most Recent Fiscal Year): $2.16
• Trailing P/E Ratio: 10.27
• Forward P/E Ratio: 11.21
• P/E Growth: N/A
• Net Income: $125.49 million
• Net Margins: 16.22%
• Pretax Margin: 31.67%
• Return on Equity: 9.46%
• Return on Assets: 8.04%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.67
• Quick Ratio: 4.38

Sales & Book Value

• Annual Sales: $871.79 million
• Price / Sales: 1.69
• Cash Flow: $3.25 per share
• Price / Cash Flow: 7.18
• Book Value: $20.39 per share
• Price / Book: 1.14

Miscellaneous

• Outstanding Shares: 63,357,000
• Free Float: 60,896,000
• Market Cap: $1.48 billion
• Optionable: Optionable
• Beta: 1.40