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 2.6% and is now trading at $11.12. 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 earnings results on Wednesday, May, 27th. The semiconductor company reported $0.10 EPS for the quarter, missing the Zacks' consensus estimate of $0.12 by $0.02. The semiconductor company earned $148.20 million during the quarter, compared to analyst estimates of $147.63 million. Photronics had a return on equity of 3.58% and a net margin of 5.47%. The business's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. View Photronics' earnings history.

Photronics announced that its Board of Directors has approved a stock repurchase 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 shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its stock is undervalued.

Photronics issued an update on 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 equities research analysts have issued 12 month target prices 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 37.9% from the stock's current price. View analysts' price targets for Photronics.

News stories about PLAB stock have trended somewhat negative on Friday, according to InfoTrie. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public 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 -1.3 on InfoTrie's scale. They also gave media headlines about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news about Photronics.

Photronics saw a increase in short interest during 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 presently 3.1 days. Approximately 2.8% of the shares of the stock 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."

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 $11.12.

Photronics has a market capitalization of $729.72 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]