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. Since then, PLAB shares have decreased by 2.7% and is now trading at $11.11. 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 1 hold rating and 2 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) posted its quarterly earnings results on Wednesday, May, 27th. The semiconductor company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by $0.02. The semiconductor company earned $148.20 million during the quarter, compared to analysts' expectations of $147.63 million. Photronics had a return on equity of 3.58% and a net margin of 5.47%. The business's quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS. View Photronics' earnings history.

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

Photronics updated its third quarter earnings guidance on Wednesday, May, 27th. The company provided earnings per share guidance of $0.11-0.17 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.17. The company issued revenue guidance of $145-155 million, compared to the consensus revenue estimate of $154.27 million.

3 Wall Street analysts have issued 1-year price objectives for Photronics' stock. Their forecasts range from $13.00 to $18.00. On average, they expect Photronics' stock price to reach $15.33 in the next twelve months. This suggests a possible upside of 38.0% from the stock's current price. View analysts' price targets for Photronics.

Media headlines about PLAB stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Photronics earned a news impact score of 1.8 on InfoTrie's scale. They also assigned media headlines about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Photronics.

Photronics saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,760,000 shares, an increase of 29.4% from the May 31st total of 1,360,000 shares. Based on an average daily trading volume, of 569,600 shares, the short-interest ratio is currently 3.1 days. Approximately 2.8% of the shares of the company are short sold. 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), Nanometrics (ONTO), Ultra Clean (UCTT), Axcelis Technologies (ACLS) 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 many different institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (2.20%), Louisiana State Employees Retirement System (0.03%) and Envestnet Asset Management Inc. (0.03%). 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 Louisiana State Employees Retirement System. 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 Wedge Capital Management L L P NC, and Envestnet Asset 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 $11.11.

Photronics has a market capitalization of $729.04 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]