NASDAQ:PLABPhotronics Stock Price, Forecast & News

Photronics' stock was trading at $11.42 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PLAB stock has increased by 2.6% and is now trading at $11.72.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Photronics in the last year. There are currently 1 hold rating and 2 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 Tuesday, August 18th 2020.
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Photronics, Inc. (NASDAQ:PLAB) posted its quarterly earnings results 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 3.58% and a net margin of 5.47%. The company's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share.
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Photronics announced that its board has authorized a share repurchase 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 repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

Photronics updated its third quarter earnings guidance on Wednesday, May, 27th. The company provided EPS 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 1-year price targets for Photronics' shares. Their forecasts range from $13.00 to $18.00. On average, they expect Photronics' stock price to reach $15.33 in the next year. This suggests a possible upside of 30.8% from the stock's current price.
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Headlines about PLAB stock have been trending positive on Friday, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Photronics earned a daily sentiment score of 2.1 on InfoTrie's scale. They also assigned headlines about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days.
View the latest news about Photronics.

Photronics saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,530,000 shares, a drop of 8.4% from the July 15th total of 1,670,000 shares. Based on an average daily volume of 505,000 shares, the short-interest ratio is presently 3.0 days. Approximately 2.4% of the shares of the company are short sold.
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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), Ultra Clean (UCTT), Xperi (XPER) and PDF Solutions (PDFS).
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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), 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 a number of retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (2.20%), KAMES CAPITAL plc (0.84%), Principal Financial Group Inc. (0.74%), Comerica Bank (0.68%), Assenagon Asset Management S.A. (0.56%) and Prudential PLC (0.52%). 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, Prudential PLC, Principal Financial Group Inc., Dupont Capital Management Corp, Russell Investments Group Ltd., Texas Permanent School Fund, Voit & Company LLC, and Alps Advisors Inc.. 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 purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., WINTON GROUP Ltd, Hussman Strategic Advisors Inc., Wedge Capital Management L L P NC, SG Americas Securities LLC, LSV Asset Management, Bessemer Group Inc., and Comerica Bank.
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 $11.72.

Photronics has a market capitalization of $769.09 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]