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 buyback plan on Friday, October 12th 2018, which authorizes the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 3.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

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

Photronics is scheduled to release their next quarterly earnings announcement on Wednesday, March 4th 2020. View Earnings Estimates for Photronics.

Photronics will be holding an earnings conference call on Wednesday, March 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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.

3 analysts have issued 12 month target prices for Photronics' stock. Their forecasts range from $15.00 to $18.00. On average, they expect Photronics' share price to reach $16.33 in the next twelve months. This suggests a possible upside of 19.5% from the stock's current price. View Analyst Price Targets for 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.

News stories about PLAB stock have been trending very negative on Monday, according to InfoTrie. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Photronics earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave media stories about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Photronics.

Photronics saw a decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,850,000 shares, a decrease of 19.2% from the December 31st total of 2,290,000 shares. Based on an average trading volume of 669,600 shares, the days-to-cover ratio is currently 2.8 days. Approximately 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), Amkor Technology (AMKR), Brooks Automation (BRKS), Advanced Energy Industries (AEIS), FormFactor (FORM), Ultra Clean (UCTT), Xperi (XPER), Nanometrics (NANO) and Cohu (COHU).

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

Photronics' stock is owned by a number of 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.

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., Renaissance Technologies LLC, KAMES CAPITAL plc, PNC Financial Services Group Inc., Franklin Resources Inc. and Royce & Associates LP. 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 purchased 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 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 $13.67.

Photronics has a market capitalization of $894.29 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]