NASDAQ:PLABPhotronics Stock Price, Forecast & News

Photronics' stock was trading at $11.42 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PLAB shares have increased by 6.0% and is now trading at $12.10.
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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) issued its quarterly earnings data on Wednesday, May, 27th. The semiconductor company reported $0.10 EPS for the quarter, missing the Zacks' consensus estimate of $0.12 by $0.02. The semiconductor company earned $148.20 million during the quarter, compared to the consensus estimate of $147.63 million. Photronics had a return on equity of 3.58% and a net margin of 5.47%. The firm's 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 earnings per share.
View Photronics' earnings history.

Photronics declared that its board has approved a stock repurchase program on Friday, October 12th 2018, which permits the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.

Photronics issued an update on 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 estimate of $0.17. The company issued revenue guidance of $145-155 million, compared to the consensus revenue estimate of $154.27 million.

3 brokers have issued 1-year price objectives for Photronics' stock. 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 26.7% from the stock's current price.
View analysts' price targets for Photronics.

News stories about PLAB stock have been trending neutral this week, InfoTrie reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Photronics earned a media sentiment score of 0.4 on InfoTrie's scale. They also gave 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 effect on the company's share price in the near future.
View the latest news about Photronics.

Photronics saw a drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,530,000 shares, a drop of 8.4% from the June 30th total of 1,670,000 shares. Based on an average daily volume of 505,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.4% of the shares of the company are sold short.
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), Ultra Clean (UCTT), Axcelis Technologies (ACLS) and Xperi (XPER).
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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 investors include Wedge Capital Management L L P NC (2.20%), Comerica Bank (0.68%), Assenagon Asset Management S.A. (0.56%), Prudential PLC (0.52%), Mackay Shields LLC (0.36%) and SG Americas Securities LLC (0.28%). 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 Prudential PLC, Dupont Capital Management Corp, Texas Permanent School Fund, Voit & Company LLC, Louisiana State Employees Retirement System, and Arizona State Retirement System. 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 Assenagon Asset Management S.A., Hussman Strategic Advisors Inc., Wedge Capital Management L L P NC, SG Americas Securities LLC, Comerica Bank, Leap Investments LP, UBS Group AG, and Campbell & CO Investment Adviser LLC.
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 $12.10.

Photronics has a market capitalization of $794.03 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]