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 shares have increased by 0.2% and is now trading at $11.44. 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 3 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) issued its quarterly earnings data on Wednesday, May, 27th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.12 by $0.02. The semiconductor company had revenue of $148.20 million for the quarter, compared to analyst estimates of $147.63 million. Photronics had a return on equity of 3.59% and a net margin of 5.47%. The firm's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 EPS. View Photronics' earnings history.

Photronics announced that its board has approved a share repurchase program on Friday, October 12th 2018, which allows the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Photronics updated 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 brokerages have issued 12-month price targets for Photronics' shares. Their forecasts range from $15.00 to $18.00. On average, they expect Photronics' stock price to reach $16.33 in the next year. This suggests a possible upside of 42.8% from the stock's current price. View analysts' price targets for Photronics.

Media stories about PLAB stock have been trending negative on Saturday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. 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 coverage optimism score of -2.4 on InfoTrie's scale. They also assigned news articles about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutPhotronics.

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), Axcelis Technologies (ACLS), Ultra Clean (UCTT) 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.23%), State Street Corp (3.43%), Donald Smith & CO. Inc. (2.41%), Wedge Capital Management L L P NC (2.07%), Geode Capital Management LLC (1.51%) and Invesco Ltd. (1.45%). 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 sold by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc, BlackRock Inc., AQR Capital Management LLC, Acadian Asset Management LLC, EAM Investors LLC, Public Sector Pension Investment Board, Squarepoint Ops LLC, and State Street Corp. 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 activity for Photronics.

PLAB stock was bought by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Eagle Asset Management Inc., Hillsdale Investment Management Inc., Invesco Ltd., Morgan Stanley, Morgan Stanley, Needham Investment Management LLC, and Nuveen Asset Management LLC. 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 $11.44.

Photronics has a market capitalization of $744.97 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]