NASDAQ:PLAB - Photronics Stock Price, Forecast & News

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

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

Photronics, Inc. (NASDAQ:PLAB) issued its quarterly earnings data on Wednesday, December, 11th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.15. The semiconductor company earned $156.30 million during the quarter, compared to the consensus estimate of $147.37 million. Photronics had a return on equity of 3.29% and a net margin of 5.41%. Photronics's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 earnings per share. View Photronics' Earnings History.

Photronics is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Photronics.

Photronics issued an update on its first quarter earnings guidance on Wednesday, December, 11th. The company provided earnings per share guidance of $0.13-0.18 for the period, compared to the Thomson Reuters consensus estimate of $0.12. The company issued revenue guidance of $146-154 million, compared to the consensus revenue estimate of $143.07 million.

2 Wall Street analysts have issued 12 month price objectives for Photronics' shares. Their forecasts range from $15.00 to $18.00. On average, they anticipate Photronics' share price to reach $16.50 in the next twelve months. This suggests a possible upside of 9.1% 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Photronics.

Headlines about PLAB stock have been trending somewhat positive on Friday, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Photronics earned a daily sentiment score of 0.7 on InfoTrie's scale. They also gave news articles about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Photronics.

Photronics saw a decline in short interest in December. As of December 31st, there was short interest totalling 1,850,000 shares, a decline of 19.2% from the December 15th total of 2,290,000 shares. Based on an average trading volume of 658,700 shares, the short-interest ratio is currently 2.8 days. Currently, 2.9% of the shares of the stock are sold short. View Photronics' Current Options Chain.

Some companies that are related to Photronics include Applied Materials (AMAT), Lam Research (LRCX), KLA (KLAC), Teradyne (TER), Entegris (ENTG), MKS Instruments (MKSI), Cabot Microelectronics (CCMP), Brooks Automation (BRKS), Amkor Technology (AMKR), Advanced Energy Industries (AEIS), FormFactor (FORM), Ultra Clean (UCTT), Cohu (COHU), Xperi (XPER) and Rudolph Technologies (RTEC).

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

Photronics' stock is owned by many different of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (1.82%), State of Alaska Department of Revenue (0.08%), Uncommon Cents Investing LLC (0.07%) and Louisiana State Employees Retirement System (0.04%). 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 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 Wedge Capital Management L L P NC, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. Company insiders that have sold Photronics company stock in the last year include Christopher J Progler, John P Jordan, 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 Uncommon Cents Investing LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of PLAB stock can currently be purchased for approximately $15.13.

Photronics has a market capitalization of $989.42 million and generates $550.66 million in revenue each year. The semiconductor company earns $29.79 million in net income (profit) each year or $0.44 on an earnings per share basis. Photronics employs 1,775 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]