NASDAQ:PLAB - Photronics Stock Price, News & Analysis

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

Photronics declared that its board has authorized a share repurchase plan on Friday, October 12th 2018, which permits the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Photronics, Inc. (NASDAQ:PLAB) announced its earnings results on Tuesday, August, 20th. The semiconductor company reported $0.10 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.10. The semiconductor company earned $138.11 million during the quarter, compared to analysts' expectations of $137.13 million. Photronics had a return on equity of 4.10% and a net margin of 7.30%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 EPS. View Photronics' Earnings History.

Photronics is scheduled to release their next quarterly earnings announcement on Wednesday, December 11th 2019. View Earnings Estimates for Photronics.

Photronics issued an update on its fourth quarter earnings guidance on Tuesday, August, 20th. The company provided earnings per share (EPS) guidance of $0.11-0.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.12. The company issued revenue guidance of $143-151 million, compared to the consensus revenue estimate of $147.10 million.

1 Wall Street analysts have issued twelve-month price targets for Photronics' shares. Their predictions range from $12.00 to $12.00. On average, they anticipate Photronics' stock price to reach $12.00 in the next year. This suggests a possible upside of 23.5% from the stock's current price. View Analyst Price Targets for Photronics.

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

News headlines about PLAB stock have been trending positive on Thursday, according to InfoTrie. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Photronics earned a news sentiment score of 2.5 on InfoTrie's scale. They also assigned news stories about the semiconductor company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company's share price in the next several days. View News Stories for Photronics.

Photronics saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 2,024,500 shares, an increase of 55.9% from the June 30th total of 1,298,200 shares. Based on an average trading volume of 428,300 shares, the days-to-cover ratio is presently 4.7 days. Currently, 3.1% of the shares of the company are short sold. View Photronics' Current Options Chain.

Some companies that are related to Photronics include AU Optronics (AUO), BE Semiconductor Industrs (BESIY), Amkor Technology (AMKR), Diodes (DIOD), Tower Semiconductor (TSEM), SunPower (SPWR), OSI Systems (OSIS), Ambarella (AMBA), MaxLinear (MXL), Canadian Solar (CSIQ), Rambus (RMBS), MACOM Technology Solutions (MTSI), Kulicke and Soffa Industries (KLIC), FormFactor (FORM) and Silicon Motion Technology (SIMO).

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

Photronics' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.12%), Vanguard Group Inc. (6.68%), Barrow Hanley Mewhinney & Strauss LLC (5.51%), Barrow Hanley Mewhinney & Strauss LLC (5.50%), Renaissance Technologies LLC (4.01%) and Donald Smith & CO. Inc. (3.15%). 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, 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 New York Mellon Corp, Robeco Institutional Asset Management B.V., Invesco Ltd., Barrow Hanley Mewhinney & Strauss LLC, Barrow Hanley Mewhinney & Strauss LLC, Donald Smith & CO. Inc., Cortina Asset Management LLC and Chicago Equity Partners LLC. Company insiders that have sold Photronics company stock in the last year include Christopher J Progler, George Macricostas, 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 bought by a variety of institutional investors in the last quarter, including Morgan Stanley, AQR Capital Management LLC, Nuveen Asset Management LLC, Allianz Asset Management GmbH, Divisar Capital Management LLC, VIEX Capital Advisors LLC, Needham Investment Management LLC and BlackRock Inc.. 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 $9.72.

Photronics has a market capitalization of $651.92 million and generates $535.28 million in revenue each year. The semiconductor company earns $42.05 million in net income (profit) each year or $0.58 on an earnings per share basis. Photronics employs 1,575 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]