Photronics Stock Forecast, Price & News

Photronics' stock was trading at $11.42 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PLAB stock has decreased by 13.7% and is now trading at $9.85.
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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."
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Photronics is scheduled to release its next quarterly earnings announcement on Wednesday, December 9th 2020.
View our earnings forecast for Photronics.

Photronics, Inc. (NASDAQ:PLAB) issued its quarterly earnings results on Thursday, August, 27th. The semiconductor company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The semiconductor company had revenue of $157.90 million for the quarter, compared to analysts' expectations of $150.90 million. Photronics had a return on equity of 4.00% and a net margin of 6.01%. The company's revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 EPS.
View Photronics' earnings history.

Photronics announced that its Board of Directors has authorized a stock buyback program on Friday, October 12th 2018, which allows the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 3.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Photronics updated its fourth quarter earnings guidance on Thursday, August, 27th. The company provided earnings per share guidance of $0.12-0.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.21. The company issued revenue guidance of $148-158 million, compared to the consensus revenue estimate of $159.77 million.

3 brokerages have issued 12 month target prices for Photronics' stock. Their forecasts range from $13.00 to $18.00. On average, they anticipate Photronics' share price to reach $15.33 in the next year. This suggests a possible upside of 55.7% from the stock's current price.
View analysts' price targets for Photronics.

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

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

Photronics' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.60%), Donald Smith & CO. Inc. (2.40%), Wedge Capital Management L L P NC (2.20%), Bank of Montreal Can (1.21%), Bank of New York Mellon Corp (1.13%) and Charles Schwab Investment Management Inc. (1.04%). 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 Nuveen Asset Management LLC, Marshall Wace LLP, Vanguard Group Inc., Phocas Financial Corp., KAMES CAPITAL plc, Canada Pension Plan Investment Board, Charles Schwab Investment Management Inc., and AQR Capital Management LLC. 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 Prudential Financial Inc., Assenagon Asset Management S.A., Acuitas Investments LLC, WINTON GROUP Ltd, Grantham Mayo Van Otterloo & Co. LLC, Heartland Advisors Inc., Hussman Strategic Advisors Inc., and Adirondack Research & Management Inc..
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 $9.85.

Photronics has a market capitalization of $646.79 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]