NASDAQ:PLAB - Photronics Stock Price, Forecast & News

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

Photronics declared that its Board of Directors has initiated a stock buyback plan 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 purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

Photronics, Inc. (NASDAQ:PLAB) posted its quarterly earnings results on Wednesday, December, 11th. The semiconductor company reported $0.15 EPS for the quarter, meeting the Zacks' consensus estimate of $0.15. The semiconductor company had revenue of $156.30 million for the quarter, compared to analysts' expectations of $147.37 million. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. View Photronics' Earnings History.

Photronics is scheduled to release their next quarterly earnings announcement on Wednesday, March 4th 2020. View Earnings Estimates for Photronics.

Photronics will be holding an earnings conference call on Wednesday, March 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Photronics updated its first quarter earnings guidance on Wednesday, December, 11th. The company provided EPS guidance of $0.13-0.18 for the period, compared to the Thomson Reuters consensus estimate of $0.12. The company issued revenue guidance of $146-154 million, compared to the consensus revenue estimate of $143.07 million.

3 brokerages have issued 1 year target prices for Photronics' shares. Their forecasts range from $15.00 to $18.00. On average, they anticipate Photronics' share price to reach $16.33 in the next twelve months. This suggests a possible upside of 10.2% from the stock's current price. View Analyst Price Targets for Photronics.

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.

News stories about PLAB stock have been trending negative on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by reviewing 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 closest to five being the most favorable. Photronics earned a coverage optimism score of -2.3 on InfoTrie's scale. They also assigned media coverage about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Photronics.

Photronics saw a decline in short interest in January. As of January 15th, there was short interest totalling 1,850,000 shares, a decline of 19.2% from the December 31st total of 2,290,000 shares. Based on an average daily trading volume, of 669,600 shares, the short-interest ratio is currently 2.8 days. Currently, 2.9% of the company's stock are sold short. View Photronics' Current Options Chain.

Some companies that are related to Photronics include Applied Materials (AMAT), Teradyne (TER), Amkor Technology (AMKR), Nanometrics (NANO), Rudolph Technologies (RTEC), AXT (AXTI), Advanced Energy Industries (AEIS), Axcelis Technologies (ACLS), Brooks Automation (BRKS), Cabot Microelectronics (CCMP), Cohu (COHU), Entegris (ENTG), FormFactor (FORM), KLA (KLAC) and Lam Research (LRCX).

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

Photronics' stock is owned by many different of retail and institutional investors. Top institutional investors include Barrow Hanley Mewhinney & Strauss LLC (5.18%), State Street Corp (3.55%), Renaissance Technologies LLC (3.13%), Donald Smith & CO. Inc. (2.53%), KAMES CAPITAL plc (1.97%) and Wedge Capital Management L L P NC (1.82%). Company insiders that own Photronics stock include Christopher J Progler, Constantine S Macricostas, 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 DDD Partners LLC, Divisar Capital Management LLC, Donald Smith & CO. Inc., Renaissance Technologies LLC, KAMES CAPITAL plc, PNC Financial Services Group Inc., Franklin Resources Inc. and Royce & Associates LP. 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 for Photronics.

PLAB stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Acadian Asset Management LLC, EAM Investors LLC, Cubist Systematic Strategies LLC, EAM Global Investors LLC, Public Sector Pension Investment Board, Marshall Wace LLP and Great West Life Assurance Co. Can. 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, Robinhood, Fidelity and Charles Schwab.

One share of PLAB stock can currently be purchased for approximately $14.82.