NASDAQ:PLAB - Photronics Stock Price, Forecast & News

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

Photronics announced that its Board of Directors has approved a stock buyback plan on Friday, October 12th 2018, which authorizes the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 3.6% 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) released its earnings results on Wednesday, December, 11th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.15. The semiconductor company had revenue of $156.30 million for the quarter, compared to the consensus estimate of $147.37 million. Photronics had a net margin of 5.41% and a return on equity of 3.29%. The business's quarterly revenue was up 8.0% on a year-over-year basis. 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 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 (EPS) guidance of $0.13-0.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.12. The company issued revenue guidance of $146-154 million, compared to the consensus revenue estimate of $143.07 million.

2 analysts have issued twelve-month target prices for Photronics' stock. Their forecasts range from $15.00 to $18.00. On average, they expect Photronics' share price to reach $16.50 in the next twelve months. This suggests a possible upside of 9.1% 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.

News stories about PLAB stock have been trending positive on Sunday, according to InfoTrie. InfoTrie identifies negative and positive news coverage by analyzing 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 positive five, with scores closest to five being the most favorable. Photronics earned a coverage optimism score of 2.6 on InfoTrie's scale. They also assigned press coverage about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Photronics.

Photronics saw a decline in short interest during the month of December. As of December 31st, there was short interest totalling 1,850,000 shares, a decline of 19.2% from the December 15th total of 2,290,000 shares. Based on an average daily trading volume, of 658,700 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.9% of the company's shares 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), Brooks Automation (BRKS), Amkor Technology (AMKR), Advanced Energy Industries (AEIS), FormFactor (FORM), Cohu (COHU), Ultra Clean (UCTT), Nanometrics (NANO) and Xperi (XPER).

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

Photronics' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (1.82%), State of Alaska Department of Revenue (0.08%), Uncommon Cents Investing LLC (0.07%) and Louisiana State Employees Retirement System (0.04%). 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 Wedge Capital Management L L P NC, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. 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 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 $15.13.

Photronics has a market capitalization of $989.48 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]