NASDAQ:PLAB - Photronics Stock Price, Forecast & News

Photronics' stock was trading at $11.42 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PLAB stock has decreased by 13.3% and is now trading at $9.90. View which stocks have been mosted 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 Wednesday, May 27th 2020. View our earnings forecast for Photronics.

Photronics, Inc. (NASDAQ:PLAB) issued its quarterly earnings results on Wednesday, March, 4th. The semiconductor company reported $0.16 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.16. The semiconductor company had revenue of $159.70 million for the quarter, compared to the consensus estimate of $150.50 million. Photronics had a return on equity of 3.85% and a net margin of 5.95%. The business's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. View Photronics' earnings history.

Photronics declared that its Board of Directors has authorized a share buyback program on Friday, October 12th 2018, which authorizes the company to buyback $25,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Photronics issued an update on its second quarter earnings guidance on Wednesday, March, 4th. The company provided EPS guidance of $0.11-0.17 for the period, compared to the Thomson Reuters consensus estimate of $0.17. The company issued revenue guidance of $145-155 million, compared to the consensus revenue estimate of $151.90 million.

3 Wall Street analysts have issued 1-year target prices for Photronics' stock. Their forecasts range from $15.00 to $18.00. On average, they expect Photronics' share price to reach $16.33 in the next year. This suggests a possible upside of 65.0% from the stock's current price. View analysts' price targets for Photronics.

Media coverage about PLAB stock has been trending very negative recently, according to InfoTrie. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Photronics earned a news impact score of -3.3 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 news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutPhotronics.

Photronics saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,807,500 shares, an increase of 9.5% from the February 27th total of 1,650,000 shares. Based on an average trading volume of 856,800 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.8% of the company's stock 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), Xperi (XPER), Axcelis Technologies (ACLS) and Ultra Clean (UCTT).

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

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

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 $9.90.

Photronics has a market capitalization of $644.69 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. 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]