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

Photronics, Inc. (NASDAQ:PLAB) announced its quarterly earnings data on Wednesday, December, 11th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.15. The semiconductor company had revenue of $156.30 million for the quarter, compared to the consensus estimate of $147.37 million. Photronics had a net margin of 5.41% and a return on equity of 3.29%. Photronics's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $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 earnings per share guidance of $0.13-0.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.12. The company issued revenue guidance of $146-154 million, compared to the consensus revenue estimate of $143.07 million.

3 brokers have issued 1-year price objectives for Photronics' stock. Their forecasts range from $15.00 to $18.00. On average, they expect 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 articles about PLAB stock have been trending neutral on Tuesday, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Photronics earned a news impact score of 0.4 on InfoTrie's scale. They also assigned media coverage 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 stock's share price in the next several days. View News Stories for Photronics.

Photronics saw a drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,850,000 shares, a drop 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. Approximately 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), 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), Ultra Clean (UCTT), Nanometrics (NANO), Cohu (COHU) and Axcelis Technologies (ACLS).

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 a variety of 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 purchased 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 AXA. 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.

Photronics has a market capitalization of $969.52 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.View Additional Information About Photronics.

The official website for Photronics is http://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]