NASDAQ:PLAB - Photronics Stock Price, Price Target & More

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

Photronics announced that its board has initiated a stock repurchase plan on Friday, July 6th 2018, which authorizes the company to repurchase $20,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 3.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Photronics, Inc. (NASDAQ:PLAB) announced its earnings results on Tuesday, May, 22nd. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.08. The semiconductor company earned $130.78 million during the quarter, compared to analysts' expectations of $124.17 million. Photronics had a net margin of 5.33% and a return on equity of 2.92%. The company's revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 earnings per share. View Photronics' Earnings History.

Photronics is scheduled to release their next quarterly earnings announcement on Monday, August, 13th 2018. View Earnings Estimates for Photronics.

Photronics issued an update on its third quarter earnings guidance on Tuesday, May, 22nd. The company provided earnings per share guidance of $0.12-0.18 for the period, compared to the Thomson Reuters consensus estimate of $0.10. The company issued revenue guidance of $128-136 million, compared to the consensus revenue estimate of $128.03 million.

2 brokers have issued 12 month price targets for Photronics' stock. Their forecasts range from $10.00 to $13.00. On average, they expect Photronics' share price to reach $11.50 in the next year. This suggests a possible upside of 29.9% from the stock's current price. View Analyst Ratings for Photronics.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Photronics in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Photronics include Viavi Solutions (VIAV), Power Integrations (POWI), Tower Semiconductor (TSEM), Finisar (FNSR), BE Semiconductor Industrs (BESIY), Amkor Technology (AMKR), Kulicke and Soffa Industries (KLIC), Silicon Motion Technology (SIMO), Diodes (DIOD), Synaptics (SYNA), MACOM Technology Solutions (MTSI), Oclaro (OCLR), Inphi (IPHI), Nlight (LASR) and OSI Systems (OSIS).

News coverage about PLAB stock has trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Photronics earned a media sentiment score of 0.16 on Accern's scale. They also assigned news articles about the semiconductor company an impact score of 46.41 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Photronics' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Bank of Montreal Can (0.19%), Municipal Employees Retirement System of Michigan (0.15%), Hartford Investment Management Co. (0.04%), Fox Run Management L.L.C. (0.04%) and Campbell & CO Investment Adviser LLC (0.02%). Company insiders that own Photronics stock include Christopher J Progler, Constantine S Macricostas, John P Jordan, Joseph A Fiorita Jr, 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 sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can and Municipal Employees Retirement System of Michigan. Company insiders that have sold Photronics company stock in the last year include Christopher J Progler, Constantine S Macricostas, Mitchell G Tyson, Peter S Kirlin, Richelle E Burr, Sean T Smith 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 Hartford Investment Management Co., Fox Run Management L.L.C. and Campbell & CO Investment Adviser 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, Scottrade, Fidelity and Charles Schwab.

One share of PLAB stock can currently be purchased for approximately $8.85.

Photronics has a market capitalization of $601.43 million and generates $450.68 million in revenue each year. The semiconductor company earns $13.13 million in net income (profit) each year or $0.19 on an earnings per share basis. Photronics employs 1,475 workers across the globe.

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]