NASDAQ:PLAB - Photronics Stock Price, News, & Analysis

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

Photronics announced that its Board of Directors has initiated a stock buyback plan on Friday, July 6th 2018, which authorizes the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 3.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Photronics, Inc. (NASDAQ:PLAB) released its quarterly earnings data on Tuesday, May, 22nd. The semiconductor company reported $0.15 EPS for the quarter, topping the Zacks' consensus estimate of $0.07 by $0.08. The semiconductor company had revenue of $130.78 million for the quarter, compared to analysts' expectations of $124.17 million. Photronics had a return on equity of 2.92% and a net margin of 5.33%. The business's revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 earnings per share. View Photronics' Earnings History.

Photronics is scheduled to release their next quarterly earnings announcement on Wednesday, August, 22nd 2018. View Earnings Estimates for Photronics.

Photronics issued an update on its third quarter earnings guidance on Tuesday, May, 22nd. The company provided EPS guidance of $0.12-0.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.10. The company issued revenue guidance of $128-136 million, compared to the consensus revenue estimate of $128.03 million.

2 equities research analysts have issued 12 month price targets for Photronics' stock. Their predictions range from $10.00 to $13.00. On average, they expect Photronics' stock price to reach $11.50 in the next year. This suggests a possible upside of 31.4% from the stock's current price. View Analyst Price Targets for Photronics.

2 Wall Street 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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Photronics.

Some companies that are related to Photronics include Viavi Solutions (VIAV), Amkor Technology (AMKR), Finisar (FNSR), Power Integrations (POWI), Silicon Motion Technology (SIMO), Solaredge Technologies (SEDG), Tower Semiconductor (TSEM), Diodes (DIOD), BE Semiconductor Industrs (BESIY), Kulicke and Soffa Industries (KLIC), Dialog Semiconductor (DLGNF), Acacia Communications (ACIA), Oclaro (OCLR), MACOM Technology Solutions (MTSI) and Synaptics (SYNA).

News articles about PLAB stock have trended positive this week, Accern reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Photronics earned a news and rumor sentiment score of 0.28 on Accern's scale. They also assigned press coverage about the semiconductor company an impact score of 47.35 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Photronics.

Photronics' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.81%), Dimensional Fund Advisors LP (8.37%), Donald Smith & CO. Inc. (6.02%), Renaissance Technologies LLC (2.82%), Wedge Capital Management L L P NC (2.56%) and Millennium Management LLC (1.89%). Company insiders that own Photronics stock include Christopher J Progler, Constantine S Macricostas, John P Jordan, Joseph A Fiorita Jr, 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, Donald Smith & CO. Inc., Wedge Capital Management L L P NC, California Public Employees Retirement System, Alambic Investment Management L.P., Renaissance Technologies LLC, Virginia Retirement Systems ET AL and Sentinel Trust Co. LBA. Company insiders that have sold Photronics company stock in the last year include Christopher J Progler, Constantine S Macricostas, Mitchell G Tyson, Peter S Kirlin, Richelle E Burr, Sean T Smith and Walter M Fiederowicz. View Insider Buying and Selling for Photronics.

PLAB stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Millennium Management LLC, Cortina Asset Management LLC, Quantum Capital Management, Schwab Charles Investment Management Inc., Citadel Advisors LLC, Strs Ohio and Russell Investments Group Ltd.. 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 $8.75.

Photronics has a market capitalization of $608.43 million and generates $450.68 million in revenue each year. The semiconductor company earns $13.13 million in net income (profit) each year or $0.19 on an earnings per share basis. Photronics employs 1,475 workers across the globe.

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]