NASDAQ:PLAB - Photronics Stock Price, News & Analysis

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

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 shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Photronics, Inc. (NASDAQ:PLAB) issued its earnings results on Tuesday, August, 20th. The semiconductor company reported $0.10 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.10. The semiconductor company had revenue of $138.11 million for the quarter, compared to the consensus estimate of $137.13 million. Photronics had a return on equity of 4.10% and a net margin of 7.30%. The firm's revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 earnings per share. View Photronics' Earnings History.

Photronics is scheduled to release their next quarterly earnings announcement on Wednesday, December 11th 2019. View Earnings Estimates for Photronics.

Photronics issued an update on its fourth quarter earnings guidance on Tuesday, August, 20th. The company provided EPS guidance of $0.11-0.17 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.12. The company issued revenue guidance of $143-151 million, compared to the consensus revenue estimate of $147.10 million.

1 brokerages have issued 1 year price objectives for Photronics' shares. Their forecasts range from $12.00 to $12.00. On average, they anticipate Photronics' stock price to reach $12.00 in the next twelve months. This suggests a possible upside of 27.4% from the stock's current price. View Analyst Price Targets for Photronics.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Photronics in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Photronics.

News coverage about PLAB stock has trended positive on Wednesday, InfoTrie reports. The research firm ranks the sentiment of press coverage by analyzing 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 coverage optimism score of 2.5 on InfoTrie's scale. They also assigned press coverage about the semiconductor company a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the immediate future. View News Stories for Photronics.

Photronics saw a increase in short interest in July. As of July 31st, there was short interest totalling 2,024,500 shares, an increase of 55.9% from the June 30th total of 1,298,200 shares. Based on an average trading volume of 428,300 shares, the short-interest ratio is currently 4.7 days. Approximately 3.1% of the company's shares are sold short. View Photronics' Current Options Chain.

Some companies that are related to Photronics include AU Optronics (AUO), BE Semiconductor Industrs (BESIY), Amkor Technology (AMKR), Tower Semiconductor (TSEM), Diodes (DIOD), OSI Systems (OSIS), SunPower (SPWR), Ambarella (AMBA), MaxLinear (MXL), Canadian Solar (CSIQ), Rambus (RMBS), MACOM Technology Solutions (MTSI), Kulicke and Soffa Industries (KLIC), FormFactor (FORM) and Silicon Motion Technology (SIMO).

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

Photronics' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.12%), Vanguard Group Inc. (6.68%), Barrow Hanley Mewhinney & Strauss LLC (5.50%), Barrow Hanley Mewhinney & Strauss LLC (5.51%), Renaissance Technologies LLC (4.01%) and Donald Smith & CO. Inc. (3.15%). 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, Sean T Smith 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 Bank of New York Mellon Corp, Robeco Institutional Asset Management B.V., Invesco Ltd., Barrow Hanley Mewhinney & Strauss LLC, Barrow Hanley Mewhinney & Strauss LLC, Donald Smith & CO. Inc., Cortina Asset Management LLC and Chicago Equity Partners LLC. Company insiders that have sold Photronics company stock in the last year include Christopher J Progler, George Macricostas, 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 Morgan Stanley, AQR Capital Management LLC, Nuveen Asset Management LLC, Allianz Asset Management GmbH, Divisar Capital Management LLC, VIEX Capital Advisors LLC, Needham Investment Management LLC and BlackRock Inc.. 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, Scottrade, Fidelity and Charles Schwab.

One share of PLAB stock can currently be purchased for approximately $9.42.

Photronics has a market capitalization of $631.80 million and generates $535.28 million in revenue each year. The semiconductor company earns $42.05 million in net income (profit) each year or $0.58 on an earnings per share basis. Photronics employs 1,575 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]