NASDAQ:PLABPhotronics Stock Price, Forecast & 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 stock has increased by 3.0% and is now trading at $11.76. View which stocks have been most impacted by Coronavirus.

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.

Photronics is scheduled to release its next quarterly earnings announcement on Tuesday, August 18th 2020. View our earnings forecast for Photronics.

Photronics, Inc. (NASDAQ:PLAB) announced its quarterly earnings data on Wednesday, May, 27th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.12 by $0.02. The semiconductor company had revenue of $148.20 million for the quarter, compared to the consensus estimate of $147.63 million. Photronics had a net margin of 5.47% and a return on equity of 3.58%. The company's revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. View Photronics' earnings history.

Photronics declared that its Board of Directors has approved a share repurchase program on Friday, October 12th 2018, which allows the company to buyback $25,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Photronics updated 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 equities research analysts have issued 12-month price objectives for Photronics' shares. Their forecasts range from $15.00 to $18.00. On average, they expect Photronics' stock price to reach $16.33 in the next twelve months. This suggests a possible upside of 38.9% from the stock's current price. View analysts' price targets for Photronics.

Media headlines about PLAB stock have trended negative on Wednesday, according to InfoTrie. The research firm rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Photronics earned a coverage optimism score of -2.8 on InfoTrie's scale. They also assigned media coverage 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 stock's share price in the immediate future. View the latest news aboutPhotronics.

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), Advanced Energy Industries (AEIS), Amkor Technology (AMKR), FormFactor (FORM), Nanometrics (ONTO), Axcelis Technologies (ACLS), Ultra Clean (UCTT) and Xperi (XPER). View all competitors.

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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.23%), State Street Corp (3.43%), Donald Smith & CO. Inc. (2.41%), Wedge Capital Management L L P NC (2.07%), Geode Capital Management LLC (1.51%) and Invesco Ltd. (1.45%). 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 KAMES CAPITAL plc, BlackRock Inc., AQR Capital Management LLC, Acadian Asset Management LLC, EAM Investors LLC, Public Sector Pension Investment Board, Squarepoint Ops LLC, and State Street Corp. 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 Deutsche Bank AG, Eagle Asset Management Inc., Hillsdale Investment Management Inc., Invesco Ltd., Morgan Stanley, Morgan Stanley, Needham Investment Management LLC, and Nuveen Asset Management 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 $11.76.

Photronics has a market capitalization of $765.81 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]