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 2.4% and is now trading at $11.69.
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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 for the quarter, missing the 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 net margin of 5.47% and a return on equity of 3.58%. The business's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS.
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Photronics declared that its board has authorized a share buyback program on Friday, October 12th 2018, which authorizes the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Photronics issued an update on its third quarter earnings guidance on Wednesday, May, 27th. The company provided earnings per share (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 $154.27 million.

3 Wall Street analysts 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 twelve months. This suggests a possible upside of 31.2% from the stock's current price.
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Media headlines about PLAB stock have trended positive this week, according to InfoTrie Sentiment. The research group ranks the sentiment of press 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 -5 to 5, with scores closest to five being the most favorable. Photronics earned a news impact score of 2.1 on InfoTrie's scale. They also assigned news 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 decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,530,000 shares, a decrease of 8.4% from the July 15th total of 1,670,000 shares. Based on an average daily trading volume, of 505,000 shares, the short-interest ratio is presently 3.0 days. Currently, 2.4% of the company's shares 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 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), 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 variety of institutional and retail investors. Top institutional investors 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., New York State Common Retirement Fund, Texas Permanent School Fund, and Voit & Company 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.
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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 $11.69.

Photronics has a market capitalization of $767.10 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]