NASDAQ:PLAB - Photronics Stock Price, News & Analysis

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

Photronics announced that its board has approved a share repurchase program on Friday, October 12th 2018, which authorizes the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase 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, Inc. (NASDAQ:PLAB) announced its quarterly earnings data on Tuesday, August, 20th. The semiconductor company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The semiconductor company had revenue of $138.11 million for the quarter, compared to analyst estimates of $137.13 million. Photronics had a net margin of 6.04% and a return on equity of 3.60%. The company's revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $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 updated its fourth quarter earnings guidance on Tuesday, August, 20th. The company provided 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 12-month price objectives for Photronics' shares. Their predictions range from $12.00 to $12.00. On average, they expect Photronics' share price to reach $12.00 in the next year. This suggests a possible upside of 8.6% 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.

Media headlines about PLAB stock have been trending negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing 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 -2.9 on InfoTrie's scale. They also gave media coverage about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely 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 during the month of August. As of August 15th, there was short interest totalling 2,024,500 shares, an increase of 55.9% from the July 15th total of 1,298,200 shares. Based on an average daily trading volume, of 428,300 shares, the days-to-cover ratio is currently 4.7 days. Currently, 3.1% of the company's shares are sold short. View Photronics' Current Options Chain.

Some companies that are related to Photronics include Inphi (IPHI), Finisar (FNSR), Power Integrations (POWI), Enphase Energy (ENPH), Acacia Communications (ACIA), AU Optronics (AUO), BE Semiconductor Industrs (BESIY), Lattice Semiconductor (LSCC), Amkor Technology (AMKR), Ambarella (AMBA), Diodes (DIOD), Tower Semiconductor (TSEM), OSI Systems (OSIS), SunPower (SPWR) and MaxLinear (MXL).

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), Advanced Micro Devices (AMD), salesforce.com (CRM), AT&T (T), Glacier Bancorp (GBCI) and Cisco Systems (CSCO).

Photronics' stock is owned by a number of of retail and institutional investors. Top institutional investors 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, Robinhood, Fidelity and Charles Schwab.

One share of PLAB stock can currently be purchased for approximately $11.05.

Photronics has a market capitalization of $742.53 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]