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NASDAQ:PLAB - Photronics Stock Price, Forecast & News

$10.09
-0.65 (-6.05 %)
(As of 03/29/2020 01:47 PM ET)
Today's Range
$9.85
Now: $10.09
$10.50
50-Day Range
$8.57
MA: $12.35
$15.35
52-Week Range
$7.95
Now: $10.09
$16.75
Volume488,309 shs
Average Volume897,841 shs
Market Capitalization$657.06 million
P/E Ratio18.69
Dividend YieldN/A
Beta0.59
Photronics, Inc., together with its subsidiaries, manufactures and sells photomasks in Taiwan, Korea, the United States, Europe, and internationally. The company offers photomasks, which are high precision photographic quartz or glass plates containing microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays (FPDs), as well as that are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel display substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components. It sells its products to semiconductor or FPD designers, manufacturers, 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 founded in 1969 and is based in Brookfield, Connecticut.
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Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductor Equipment
SectorComputer and Technology
Current SymbolNASDAQ:PLAB
CUSIP71940510
Phone203-775-9000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$550.66 million
Cash Flow$1.59 per share
Book Value$14.02 per share

Profitability

Net Income$29.79 million

Miscellaneous

Employees1,775
Market Cap$657.06 million
Next Earnings Date5/27/2020 (Estimated)
OptionableOptionable

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Photronics (NASDAQ:PLAB) Frequently Asked Questions

How has Photronics' stock been impacted by COVID-19 (Coronavirus)?

Photronics' stock was trading at $11.42 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PLAB stock has decreased by 11.6% and is now trading at $10.09. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Photronics?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Photronics in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Photronics.

When is Photronics' next earnings date?

Photronics is scheduled to release its next quarterly earnings announcement on Wednesday, May 27th 2020. View our earnings forecast for Photronics.

How were Photronics' earnings last quarter?

Photronics, Inc. (NASDAQ:PLAB) issued its quarterly earnings data on Wednesday, March, 4th. The semiconductor company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. The semiconductor company earned $159.70 million during the quarter, compared to analyst estimates of $150.50 million. Photronics had a return on equity of 3.85% and a net margin of 5.95%. The company's revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter last year, the business earned $0.08 EPS. View Photronics' earnings history.

How will Photronics' stock buyback program work?

Photronics announced that its Board of Directors has initiated a share repurchase program on Friday, October 12th 2018, which authorizes the company to buyback $25,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

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

Photronics updated its second quarter earnings guidance on Wednesday, March, 4th. The company provided earnings per share (EPS) guidance of $0.11-0.17 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.17. The company issued revenue guidance of $145-155 million, compared to the consensus revenue estimate of $151.90 million.

What price target have analysts set for PLAB?

3 brokers have issued 1 year price targets for Photronics' stock. Their forecasts range from $15.00 to $18.00. On average, they expect Photronics' stock price to reach $16.33 in the next twelve months. This suggests a possible upside of 61.9% from the stock's current price. View analysts' price targets for Photronics.

Has Photronics been receiving favorable news coverage?

News headlines about PLAB stock have been trending extremely negative on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Photronics earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned news headlines about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutPhotronics.

Are investors shorting Photronics?

Photronics saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,807,500 shares, an increase of 9.5% from the February 27th total of 1,650,000 shares. Based on an average daily trading volume, of 856,800 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.8% of the shares of the stock are short sold. View Photronics' Current Options Chain.

Who are some of Photronics' key competitors?

What other stocks do shareholders of Photronics own?

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

Who are Photronics' key executives?

Photronics' management team includes the following people:
  • Mr. Constantine S. Macricostas, Chairman (Age 83)
  • Dr. Peter S. Kirlin, CEO & Director (Age 58)
  • Mr. John P. Jordan, Sr. VP & CFO (Age 73)
  • Dr. Christopher J. Progler, VP of Strategic Planning & CTO (Age 55)
  • Ms. Richelle E. Burr, VP, Gen. Counsel & Sec. (Age 55)

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 investors include Barrow Hanley Mewhinney & Strauss LLC (5.18%), State Street Corp (3.55%), Renaissance Technologies LLC (3.13%), Donald Smith & CO. Inc. (2.53%), KAMES CAPITAL plc (1.97%) and Wedge Capital Management L L P NC (1.82%). Company insiders that own Photronics stock include Christopher J Progler, 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.

Which institutional investors are selling Photronics stock?

PLAB stock was sold by a variety of institutional investors in the last quarter, including DDD Partners LLC, Divisar Capital Management LLC, Donald Smith & CO. Inc., Needham Investment Management LLC, Renaissance Technologies LLC, Nuveen Asset Management LLC, KAMES CAPITAL plc, and PNC Financial Services Group Inc.. 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 activity for Photronics.

Which institutional investors are buying Photronics stock?

PLAB stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Acadian Asset Management LLC, EAM Investors LLC, Cubist Systematic Strategies LLC, EAM Global Investors LLC, Public Sector Pension Investment Board, Marshall Wace LLP, and AXA. View insider buying and selling activity 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Photronics' stock price today?

One share of PLAB stock can currently be purchased for approximately $10.09.

How big of a company is Photronics?

Photronics has a market capitalization of $657.06 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.

What is Photronics' official website?

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

How can I contact Photronics?

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]


MarketBeat Community Rating for Photronics (NASDAQ PLAB)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  314 (Vote Outperform)
Underperform Votes:  323 (Vote Underperform)
Total Votes:  637
MarketBeat's community ratings are surveys of what our community members think about Photronics and other stocks. Vote "Outperform" if you believe PLAB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PLAB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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