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Buffett's firm reports $44B loss but its businesses thrive
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S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
China July exports rise, with trade surplus at record-high
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
China July exports rise, with trade surplus at record-high
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
China July exports rise, with trade surplus at record-high
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
NASDAQ:PLAB

Photronics (PLAB) Stock Forecast, Price & News

$24.23
-0.46 (-1.86%)
(As of 08/5/2022 12:00 AM ET)
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Compare
Today's Range
$23.85
$24.69
50-Day Range
$17.61
$24.69
52-Week Range
$12.18
$24.89
Volume
703,438 shs
Average Volume
756,226 shs
Market Capitalization
$1.49 billion
P/E Ratio
16.37
Dividend Yield
N/A
Price Target
$26.33

Photronics MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
8.7% Upside
$26.33 Price Target
Short Interest
Healthy
2.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.41mentions of Photronics in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$129,060 Sold Last Quarter
Proj. Earnings Growth
16.84%
From $1.90 to $2.22 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.08 out of 5 stars

Computer And Technology Sector

422nd out of 832 stocks

Semiconductors & Related Devices Industry

59th out of 113 stocks

Photronics logo

About Photronics (NASDAQ:PLAB) Stock

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

Wall Street Analysts Forecast Growth

PLAB has been the topic of a number of recent analyst reports. DA Davidson restated a "buy" rating on shares of Photronics in a research note on Wednesday, July 27th. Stifel Nicolaus boosted their price objective on Photronics from $21.00 to $23.00 in a report on Wednesday, May 25th. Finally, Northland Securities lifted their target price on Photronics from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Thursday, May 26th.

Photronics Price Performance

Shares of PLAB Stock traded down $0.46 during trading hours on Friday, hitting $24.23. 703,438 shares of the company's stock were exchanged, compared to its average volume of 756,226. The stock's 50-day moving average is $20.81 and its 200-day moving average is $18.26. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 16.37 and a beta of 1.03. Photronics has a 52 week low of $12.18 and a 52 week high of $24.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.38 and a quick ratio of 3.07.

Photronics (NASDAQ:PLAB - Get Rating) last released its quarterly earnings results on Wednesday, May 25th. The semiconductor company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.14. The company had revenue of $204.50 million for the quarter, compared to analyst estimates of $192.37 million. Photronics had a return on equity of 8.45% and a net margin of 12.03%. Photronics's revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. As a group, research analysts forecast that Photronics will post 1.9 EPS for the current year.

Insider Buying and Selling at Photronics

In other news, Director Mitchell G. Tyson sold 2,000 shares of Photronics stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $23.54, for a total transaction of $47,080.00. Following the completion of the transaction, the director now directly owns 66,379 shares in the company, valued at approximately $1,562,561.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 6,000 shares of company stock worth $129,060 over the last ninety days. 3.70% of the stock is currently owned by corporate insiders.

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PLAB Stock News Headlines

Photronics (NASDAQ:PLAB) Given "Buy" Rating at DA Davidson
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PLAB Company Calendar

Last Earnings
5/25/2022
Today
8/07/2022
Next Earnings (Estimated)
8/24/2022
Fiscal Year End
10/31/2022

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductor Equipment
Current Symbol
NASDAQ:PLAB
CUSIP
71940510
Fax
N/A
Employees
1,728
Year Founded
1969

Price Target and Rating

Average Stock Price Forecast
$26.33
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
+8.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$55.45 million
Pretax Margin
22.76%

Debt

Sales & Book Value

Annual Sales
$663.76 million
Cash Flow
$2.33 per share
Book Value
$16.36 per share

Miscellaneous

Free Float
59,322,000
Market Cap
$1.49 billion
Optionable
Optionable
Beta
1.03

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PLAB Stock - Frequently Asked Questions

Should I buy or sell Photronics stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Photronics in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Photronics stock.
View analyst ratings for Photronics
or view top-rated stocks.

What is Photronics' stock price forecast for 2022?

3 Wall Street research analysts have issued twelve-month price objectives for Photronics' stock. Their PLAB stock forecasts range from $23.00 to $30.00. On average, they expect Photronics' stock price to reach $26.33 in the next twelve months. This suggests a possible upside of 8.7% from the stock's current price.
View analysts' price targets for Photronics
or view top-rated stocks among Wall Street analysts.

How has Photronics' stock price performed in 2022?

Photronics' stock was trading at $18.85 at the beginning of 2022. Since then, PLAB stock has increased by 28.5% and is now trading at $24.23.
View the best growth stocks for 2022 here
.

When is Photronics' next earnings date?

Photronics is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022.
View our earnings forecast for Photronics
.

How were Photronics' earnings last quarter?

Photronics, Inc. (NASDAQ:PLAB) issued its quarterly earnings data on Wednesday, May, 25th. The semiconductor company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.14. The semiconductor company had revenue of $204.50 million for the quarter, compared to analysts' expectations of $192.37 million. Photronics had a net margin of 12.03% and a trailing twelve-month return on equity of 8.45%. The company's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS.

What guidance has Photronics issued on next quarter's earnings?

Photronics issued an update on its third quarter 2022 earnings guidance on Wednesday, June, 22nd. The company provided earnings per share guidance of $0.45-$0.55 for the period, compared to the consensus estimate of $0.37. The company issued revenue guidance of $205.00 million-$215.00 million, compared to the consensus revenue estimate of $196.40 million.

What is Peter S. Kirlin's approval rating as Photronics' CEO?

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

What other stocks do shareholders of Photronics own?

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).

What is Photronics' stock symbol?

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

Who are Photronics' major shareholders?

Photronics' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Royce & Associates LP (1.48%), Wedge Capital Management L L P NC (1.24%), Assenagon Asset Management S.A. (0.71%), Comerica Bank (0.54%), State Board of Administration of Florida Retirement System (0.23%) and Los Angeles Capital Management LLC (0.21%). Company insiders that own Photronics stock include Christopher J Progler, John P Jordan, Joseph A Fiorita Jr, Kang Jyh Lee, Mitchell G Tyson, Mitchell G Tyson, Peter S Kirlin, Richelle E Burr, Richelle E Burr and Walter M Fiederowicz.
View institutional ownership trends for Photronics
.

How do I buy shares of Photronics?

Shares of PLAB 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.
Compare Top Brokerages Here.

What is Photronics' stock price today?

One share of PLAB stock can currently be purchased for approximately $24.23.

How much money does Photronics make?

Photronics (NASDAQ:PLAB) has a market capitalization of $1.49 billion and generates $663.76 million in revenue each year. The semiconductor company earns $55.45 million in net income (profit) each year or $1.48 on an earnings per share basis.

How many employees does Photronics have?

Photronics employs 1,728 workers across the globe.

Does Photronics have any subsidiaries?

The following companies are subsidiares of Photronics: Align-Rite International Ltd, Microphase Laboratories, PDMC Shanghai Ltd., PK Ltd., PKLT Co. Ltd., PMCH, Photronics (Wales) Limited, Photronics Advanced Mask Corporation, Photronics California Inc., Photronics DNP Mask Corporation, Photronics Idaho Inc., Photronics MZD GmbH, Photronics Singapore Pte Ltd., Photronics Texas Allen Inc., Photronics UK Ltd., Trianja Technologies Inc., and Xiamen American Japan Photronics Mask Co. Ltd..
Read More

When was Photronics founded?

Photronics was founded in 1969.

How can I contact Photronics?

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

This page (NASDAQ:PLAB) was last updated on 8/7/2022 by MarketBeat.com Staff

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