Photronics (PLAB) Stock Forecast, Price & News

2 Wall Street equities 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 equities research analysts is that investors should "buy" PLAB shares.
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2 Wall Street research analysts have issued 12-month target prices for Photronics' shares. Their PLAB share price forecasts range from $21.00 to $28.00. On average, they expect the company's share price to reach $24.50 in the next twelve months. This suggests a possible upside of 12.5% from the stock's current price.
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Photronics' stock was trading at $16.83 on January 1st, 2023. Since then, PLAB stock has increased by 29.4% and is now trading at $21.78.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 29th 2023.
View our PLAB earnings forecast.

Photronics, Inc. (NASDAQ:PLAB) announced its quarterly earnings data on Wednesday, May, 24th. The semiconductor company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.10. The semiconductor company had revenue of $229.30 million for the quarter, compared to the consensus estimate of $211 million. Photronics had a net margin of 14.04% and a trailing twelve-month return on equity of 11.09%. The firm's revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share.

ETFs with the largest weight of Photronics (NASDAQ:PLAB) stock in their portfolio include Invesco Dynamic Semiconductors ETF (PSI), ProShares Nanotechnology ETF (TINY), Cambria Value and Momentum ETF (VAMO), ETC 6 Meridian Small Cap Equity ETF (SIXS), Roundhill Acquirers Deep Value ETF (DEEP), Inspire Fidelis Multi Factor ETF (FDLS), Invesco S&P SmallCap Information Technology ETF (PSCT) and Invesco S&P SmallCap 600 Pure Growth ETF (RZG).

Photronics issued an update on its third quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of $0.48-$0.54 for the period, compared to the consensus earnings per share estimate of $0.48. The company issued revenue guidance of $224.00 million-$234.00 million, compared to the consensus revenue estimate of $220.00 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (16.54%), Dimensional Fund Advisors LP (7.18%), State Street Corp (3.22%), Geode Capital Management LLC (2.08%), Prudential Financial Inc. (2.04%) and Royce & Associates LP (1.55%). 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 $21.78.

Photronics (NASDAQ:PLAB) has a market capitalization of $1.36 billion and generates $824.55 million in revenue each year. The semiconductor company earns $118.79 million in net income (profit) each year or $1.99 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.