NASDAQ:PLAB - Photronics Stock Price, News & Analysis

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

Photronics declared that its board has approved a share repurchase plan on Friday, October 12th 2018, which allows the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Photronics, Inc. (NASDAQ:PLAB) posted its quarterly earnings data on Wednesday, May, 22nd. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.06. The semiconductor company earned $131.60 million during the quarter, compared to analyst estimates of $130.05 million. Photronics had a return on equity of 4.10% and a net margin of 7.30%. The firm's quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. View Photronics' Earnings History.

Photronics is scheduled to release their next quarterly earnings announcement on Tuesday, August 20th 2019. View Earnings Estimates for Photronics.

Photronics will be holding an earnings conference call on Tuesday, August 20th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8773777095.

Photronics updated its third quarter earnings guidance on Wednesday, May, 22nd. The company provided earnings per share guidance of $0.05-0.14 for the period, compared to the Thomson Reuters consensus estimate of $0.11. The company issued revenue guidance of $132-142 million, compared to the consensus revenue estimate of $139.60 million.

1 equities research analysts have issued twelve-month target prices for Photronics' shares. Their predictions range from $12.00 to $12.00. On average, they anticipate Photronics' stock price to reach $12.00 in the next twelve months. This suggests a possible upside of 34.5% from the stock's current price. View Analyst Price Targets for Photronics.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Photronics in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Photronics.

News headlines about PLAB stock have trended negative on Monday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Photronics earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave media headlines about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Photronics.

Photronics saw a increase in short interest in July. As of July 31st, there was short interest totalling 2,024,500 shares, an increase of 55.9% from the June 30th total of 1,298,200 shares. Based on an average daily volume of 428,300 shares, the short-interest ratio is presently 4.7 days. Currently, 3.1% of the company's shares are short sold. View Photronics' Current Options Chain.

Some companies that are related to Photronics include BE Semiconductor Industrs (BESIY), AU Optronics (AUO), Amkor Technology (AMKR), OSI Systems (OSIS), Diodes (DIOD), Tower Semiconductor (TSEM), SunPower (SPWR), Ambarella (AMBA), MaxLinear (MXL), Canadian Solar (CSIQ), Rambus (RMBS), MACOM Technology Solutions (MTSI), Kulicke and Soffa Industries (KLIC), FormFactor (FORM) and Synaptics (SYNA).

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

Photronics' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.12%), Vanguard Group Inc. (6.68%), Barrow Hanley Mewhinney & Strauss LLC (5.50%), Renaissance Technologies LLC (4.01%), Donald Smith & CO. Inc. (3.15%) and Northern Trust Corp (2.75%). Company insiders that own Photronics stock include Christopher J Progler, Constantine S Macricostas, George Macricostas, John P Jordan, Joseph A Fiorita Jr, Kang Jyh Lee, Mitchell G Tyson, Peter S Kirlin, Richelle E Burr, Sean T Smith and Walter M Fiederowicz. View Institutional Ownership Trends for Photronics.

PLAB stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Robeco Institutional Asset Management B.V., Invesco Ltd., Barrow Hanley Mewhinney & Strauss LLC, Donald Smith & CO. Inc., Cortina Asset Management LLC, Chicago Equity Partners LLC and Pinebridge Investments L.P.. Company insiders that have sold Photronics company stock in the last year include Christopher J Progler, George Macricostas, Joseph A Fiorita Jr, Kang Jyh Lee, Mitchell G Tyson, Peter S Kirlin, Richelle E Burr and Walter M Fiederowicz. View Insider Buying and Selling for Photronics.

PLAB stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, AQR Capital Management LLC, Nuveen Asset Management LLC, Allianz Asset Management GmbH, Divisar Capital Management LLC, VIEX Capital Advisors LLC, Needham Investment Management LLC and BlackRock Inc.. View Insider Buying and Selling for Photronics.

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

One share of PLAB stock can currently be purchased for approximately $8.92.

Photronics has a market capitalization of $598.26 million and generates $535.28 million in revenue each year. The semiconductor company earns $42.05 million in net income (profit) each year or $0.58 on an earnings per share basis. Photronics employs 1,575 workers across the globe.View Additional Information About Photronics.

The official website for Photronics is http://www.photronics.com/.

Photronics' mailing address is 15 SECOR ROAD, BROOKFIELD CT, 06804. The semiconductor company can be reached via phone at 203-775-9000 or via email at [email protected]