Photronics Stock Forecast, Price & 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 shares have decreased by 11.8% and is now trading at $10.07.
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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 earnings results on Thursday, August, 27th. The semiconductor company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The semiconductor company earned $157.90 million during the quarter, compared to the consensus estimate of $150.90 million. Photronics had a net margin of 6.01% and a return on equity of 4.00%. The business's revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 earnings per share.
View Photronics' earnings history.

Photronics announced that its Board of Directors has initiated a share repurchase program on Friday, October 12th 2018, which authorizes the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

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

3 analysts have issued 12 month price targets for Photronics' stock. Their forecasts range from $13.00 to $18.00. On average, they anticipate Photronics' stock price to reach $15.33 in the next year. This suggests a possible upside of 52.3% 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 variety 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 purchased 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 $10.07.

Photronics has a market capitalization of $661.24 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]