NASDAQ:PLAB - Photronics Stock Price, News, & Analysis

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

Photronics announced that its Board of Directors has authorized a stock repurchase plan on Friday, July 6th 2018, which authorizes the company to buyback $20,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 3.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Photronics, Inc. (NASDAQ:PLAB) released its quarterly earnings results on Tuesday, May, 22nd. The semiconductor company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.07 by $0.08. The semiconductor company earned $130.78 million during the quarter, compared to analyst estimates of $124.17 million. Photronics had a return on equity of 2.92% and a net margin of 5.33%. The firm's revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 EPS. View Photronics' Earnings History.

Photronics is scheduled to release their next quarterly earnings announcement on Wednesday, August, 22nd 2018. View Earnings Estimates for Photronics.

Photronics issued an update on its third quarter earnings guidance on Tuesday, May, 22nd. The company provided earnings per share (EPS) guidance of $0.12-0.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.10. The company issued revenue guidance of $128-136 million, compared to the consensus revenue estimate of $128.03 million.

2 brokerages have issued twelve-month price objectives for Photronics' stock. Their predictions range from $10.00 to $13.00. On average, they anticipate Photronics' stock price to reach $11.50 in the next twelve months. This suggests a possible upside of 31.4% 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 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Photronics.

Some companies that are related to Photronics include Viavi Solutions (VIAV), Amkor Technology (AMKR), Finisar (FNSR), Power Integrations (POWI), Silicon Motion Technology (SIMO), Solaredge Technologies (SEDG), Tower Semiconductor (TSEM), Diodes (DIOD), BE Semiconductor Industrs (BESIY), Kulicke and Soffa Industries (KLIC), Dialog Semiconductor (DLGNF), Acacia Communications (ACIA), Oclaro (OCLR), MACOM Technology Solutions (MTSI) and Synaptics (SYNA).

Media coverage about PLAB stock has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Photronics earned a news impact score of 0.11 on Accern's scale. They also gave news stories about the semiconductor company an impact score of 46.93 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View Recent Headlines for Photronics.

Photronics' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.81%), Dimensional Fund Advisors LP (8.37%), Donald Smith & CO. Inc. (6.02%), Renaissance Technologies LLC (2.82%), Wedge Capital Management L L P NC (2.56%) and Millennium Management LLC (1.89%). Company insiders that own Photronics stock include Christopher J Progler, Constantine S Macricostas, John P Jordan, Joseph A Fiorita Jr, 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, Donald Smith & CO. Inc., Wedge Capital Management L L P NC, California Public Employees Retirement System, Alambic Investment Management L.P., Renaissance Technologies LLC, Virginia Retirement Systems ET AL and Sentinel Trust Co. LBA. Company insiders that have sold Photronics company stock in the last year include Christopher J Progler, Constantine S Macricostas, Mitchell G Tyson, Peter S Kirlin, Richelle E Burr, Sean T Smith 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 BlackRock Inc., Millennium Management LLC, Cortina Asset Management LLC, Quantum Capital Management, Schwab Charles Investment Management Inc., Citadel Advisors LLC, Strs Ohio and Russell Investments Group Ltd.. 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 $8.75.

Photronics has a market capitalization of $608.43 million and generates $450.68 million in revenue each year. The semiconductor company earns $13.13 million in net income (profit) each year or $0.19 on an earnings per share basis. Photronics employs 1,475 workers across the globe.

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]