Photronics Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Photronics in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Photronics stock.
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Photronics saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 1,590,000 shares, a decline of 22.8% from the March 31st total of 2,060,000 shares. Based on an average daily volume of 505,600 shares, the short-interest ratio is presently 3.1 days. Currently, 2.6% of the shares of the stock are sold short.
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Photronics is scheduled to release its next quarterly earnings announcement on Wednesday, May 26th 2021.
View our earnings forecast for Photronics.

Photronics, Inc. (NASDAQ:PLAB) released its quarterly earnings data on Wednesday, February, 24th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.11 by $0.02. The semiconductor company earned $152.07 million during the quarter, compared to analyst estimates of $150.05 million. Photronics had a trailing twelve-month return on equity of 3.60% and a net margin of 5.55%.
View Photronics' earnings history.

Photronics' stock was trading at $11.42 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PLAB shares have increased by 13.7% and is now trading at $12.99.
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Photronics issued an update on its second quarter earnings guidance on Wednesday, February, 24th. The company provided earnings per share guidance of $0.14-0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.16. The company issued revenue guidance of $153-162 million, compared to the consensus revenue estimate of $160.00 million.

2 brokerages have issued twelve-month price targets for Photronics' stock. Their forecasts range from $13.00 to $13.00. On average, they expect Photronics' share price to reach $13.00 in the next twelve months. This suggests a possible upside of 0.1% from the stock's current price.
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8 employees have rated Photronics CEO Peter S. Kirlin on Glassdoor.com. Peter S. Kirlin has an approval rating of 49% among Photronics' employees. This puts Peter S. Kirlin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Photronics include Applied Materials (AMAT), Lam Research (LRCX), KLA (KLAC), Entegris (ENTG), MKS Instruments (MKSI), Brooks Automation (BRKS), Amkor Technology (AMKR), CMC Materials (CCMP), Advanced Energy Industries (AEIS), Onto Innovation (ONTO), FormFactor (FORM), Xperi (XPER), Ultra Clean (UCTT), Cohu (COHU) 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), General Electric (GE), Johnson & Johnson (JNJ) and Cisco Systems (CSCO).

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

Photronics' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.46%), Wedge Capital Management L L P NC (1.81%), Royce & Associates LP (1.67%), Principal Financial Group Inc. (0.69%), Comerica Bank (0.67%) and Rhumbline Advisers (0.35%). Company insiders that own Photronics stock 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 institutional ownership trends for Photronics.

PLAB stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, GSA Capital Partners LLP, Penbrook Management LLC, Comerica Bank, Alliancebernstein L.P., Principal Financial Group Inc., State of Alaska Department of Revenue, and Uncommon Cents Investing LLC. Company insiders that have sold Photronics company stock in the last year include Christopher J Progler, John P Jordan, Kang Jyh Lee, Peter S Kirlin, and Richelle E Burr.
View insider buying and selling activity for Photronics or view top insider-selling stocks.

PLAB stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., LSV Asset Management, State Board of Administration of Florida Retirement System, Kovack Advisors Inc., Royce & Associates LP, Pacer Advisors Inc., Everence Capital Management Inc., and Meeder Asset Management Inc..
View insider buying and selling activity for Photronics or or view top insider-buying stocks.

Shares of PLAB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PLAB stock can currently be purchased for approximately $12.99.

Photronics has a market capitalization of $823.37 million and generates $609.69 million in revenue each year. The semiconductor company earns $33.82 million in net income (profit) each year or $0.52 on an earnings per share basis.

Photronics employs 1,728 workers across the globe.

The official website for Photronics is www.photronics.com.

Photronics is headquartered at 15 SECOR ROAD, BROOKFIELD CT, 06804.

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]