Photronics - PLAB Stock Forecast, Price & News

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. The consensus among Wall Street analysts is that investors should "buy" PLAB shares.
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3 analysts have issued twelve-month target prices for Photronics' stock. Their PLAB share price forecasts range from $23.00 to $28.00. On average, they expect the company's stock price to reach $25.67 in the next twelve months. This suggests a possible upside of 62.2% from the stock's current price.
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Photronics' stock was trading at $16.83 at the beginning of the year. Since then, PLAB shares have decreased by 6.0% and is now trading at $15.82.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 24th 2023.
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Photronics, Inc. (NASDAQ:PLAB) posted its quarterly earnings data on Monday, February, 20th. The semiconductor company reported $0.40 EPS for the quarter, meeting analysts' consensus estimates of $0.40. The semiconductor company had revenue of $211.09 million for the quarter, compared to the consensus estimate of $194 million. Photronics had a net margin of 13.26% and a trailing twelve-month return on equity of 11.20%. During the same period last year, the business earned $0.38 EPS.

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), Invesco DWA Technology Momentum ETF (PTF), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Inspire Fidelis Multi Factor ETF (FDLS) and Invesco S&P SmallCap Information Technology ETF (PSCT).

Photronics issued an update on its second quarter earnings guidance on Tuesday, February, 21st. The company provided EPS guidance of $0.38-0.48 for the period, compared to the consensus earnings per share estimate of $0.47. The company issued revenue guidance of $205-215 million, compared to the consensus revenue estimate of $214.00 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 a variety of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (7.17%), Morgan Stanley (2.24%), Geode Capital Management LLC (2.08%), Needham Investment Management LLC (1.96%), Clearbridge Investments LLC (1.34%) and Marshall Wace LLP (1.22%). 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 $15.82.

Photronics (NASDAQ:PLAB) has a market capitalization of $988.28 million and generates $824.55 million in revenue each year. The semiconductor company earns $118.79 million in net income (profit) each year or $1.83 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.