NASDAQ:PLABPhotronics Stock Price, Forecast & News

Photronics' stock was trading at $11.42 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PLAB stock has decreased by 3.8% and is now trading at $10.99. View which stocks have been most impacted by Coronavirus.

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

Photronics is scheduled to release its next quarterly earnings announcement on Tuesday, August 18th 2020. View our earnings forecast for Photronics.

Photronics, Inc. (NASDAQ:PLAB) announced its earnings results on Wednesday, May, 27th. The semiconductor company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by $0.02. The semiconductor company earned $148.20 million during the quarter, compared to analysts' expectations of $147.63 million. Photronics had a return on equity of 3.58% and a net margin of 5.47%. The company's revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 earnings per share. View Photronics' earnings history.

Photronics declared that its board has initiated a stock buyback program 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 buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Photronics issued an update on its third quarter earnings guidance on Wednesday, May, 27th. The company provided earnings per share guidance of $0.11-0.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.17. The company issued revenue guidance of $145-155 million, compared to the consensus revenue estimate of $154.27 million.

3 analysts have issued 12 month target prices for Photronics' shares. Their forecasts range from $13.00 to $18.00. On average, they anticipate Photronics' stock price to reach $15.33 in the next twelve months. This suggests a possible upside of 39.5% from the stock's current price. View analysts' price targets for Photronics.

Press coverage about PLAB stock has trended negative on Thursday, InfoTrie reports. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Photronics earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned news headlines about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about Photronics.

Photronics saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,760,000 shares, an increase of 29.4% from the May 31st total of 1,360,000 shares. Based on an average trading volume of 569,600 shares, the days-to-cover ratio is presently 3.1 days. Approximately 2.8% of the company's shares are short sold. 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), Nanometrics (ONTO), Ultra Clean (UCTT), Axcelis Technologies (ACLS) and Xperi (XPER). View all competitors.

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

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

Photronics' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.03%). 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 bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. View insider buying and selling activity 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 $10.99.

Photronics has a market capitalization of $721.16 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.

The official website for Photronics is 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]