NASDAQ:PLAB - Photronics Stock Price, Forecast & News

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

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

Photronics, Inc. (NASDAQ:PLAB) posted its earnings results on Wednesday, December, 11th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.15. The semiconductor company had revenue of $156.30 million for 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 EPS. 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 earnings per share estimate of $0.12. The company issued revenue guidance of $146-154 million, compared to the consensus revenue estimate of $143.07 million.

2 brokerages have issued 1-year price objectives for Photronics' stock. Their forecasts range from $15.00 to $18.00. On average, they expect Photronics' share price to reach $16.50 in the next twelve months. This suggests a possible upside of 19.1% 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 negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. 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 media sentiment score of -1.4 on InfoTrie's scale. They also assigned media coverage about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Photronics.

Photronics saw a decrease in short interest in 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 short-interest ratio is currently 2.8 days. Currently, 2.9% of the shares of the company 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), Cohu (COHU), Ultra Clean (UCTT), Rudolph Technologies (RTEC) and Xperi (XPER).

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

Photronics' stock is owned by many different of retail and institutional investors. Top institutional investors include KAMES CAPITAL plc (1.97%), Wedge Capital Management L L P NC (1.82%), California Public Employees Retirement System (0.73%), Strs Ohio (0.08%), State of Alaska Department of Revenue (0.08%) and Uncommon Cents Investing LLC (0.07%). 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 KAMES CAPITAL plc, California Public Employees Retirement System, Virginia Retirement Systems ET AL, Wedge Capital Management L L P NC, Arizona State Retirement System, Strs Ohio, Founders Capital Management and Louisiana State Employees Retirement System. 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 $13.85.

Photronics has a market capitalization of $906.01 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]