Photronics Stock Price, News & Analysis (NASDAQ:PLAB)

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

Photronics announced that its board has authorized a stock buyback plan on Friday, October 12th 2018, which permits the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

Photronics, Inc. (NASDAQ:PLAB) issued its quarterly earnings data on Tuesday, August, 20th. The semiconductor company reported $0.10 earnings per share for the quarter, hitting analysts' consensus estimates of $0.10. The semiconductor company earned $138.11 million during the quarter, compared to the consensus estimate of $137.13 million. Photronics had a net margin of 6.04% and a return on equity of 3.60%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.18 EPS. View Photronics' Earnings History.

Photronics is scheduled to release their next quarterly earnings announcement on Wednesday, December 11th 2019. View Earnings Estimates for Photronics.

Photronics issued an update on its fourth quarter earnings guidance on Tuesday, August, 20th. The company provided earnings per share guidance of $0.11-0.17 for the period, compared to the Thomson Reuters consensus estimate of $0.12. The company issued revenue guidance of $143-151 million, compared to the consensus revenue estimate of $147.10 million.

1 Wall Street analysts have issued 12-month price objectives for Photronics' stock. Their forecasts range from $12.00 to $12.00. On average, they expect Photronics' share price to reach $12.00 in the next twelve months. This suggests a possible upside of 10.3% 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.

Media stories about PLAB stock have trended negative this week, according to InfoTrie. The research group ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Photronics earned a news sentiment score of -2.8 on InfoTrie's scale. They also assigned 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 impact on the company's share price in the next few days. View News Stories for Photronics.

Photronics saw a drop in short interest in the month of September. As of September 30th, there was short interest totalling 2,090,000 shares, a drop of 6.3% from the August 30th total of 2,230,000 shares. Based on an average daily volume of 486,400 shares, the days-to-cover ratio is currently 4.3 days. Currently, 3.2% of the shares of the company are sold short. View Photronics' Current Options Chain.

Some companies that are related to Photronics include Finisar (FNSR), Acacia Communications (ACIA), BE Semiconductor Industrs (BESIY), Power Integrations (POWI), Lattice Semiconductor (LSCC), AU Optronics (AUOTY), AU Optronics (AUO), Amkor Technology (AMKR), Tower Semiconductor (TSEM), Diodes (DIOD), Ambarella (AMBA), OSI Systems (OSIS), MaxLinear (MXL), FormFactor (FORM) and Kulicke and Soffa Industries (KLIC).

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

Photronics' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.08%). 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 acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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 $10.88.

Photronics has a market capitalization of $731.14 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]