NASDAQ:PLAB - Photronics Stock Price, Forecast & News

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

Photronics declared that its board has approved a stock repurchase plan on Friday, October 12th 2018, which permits the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Photronics, Inc. (NASDAQ:PLAB) announced its quarterly earnings results on Wednesday, December, 11th. The semiconductor company reported $0.15 EPS for the quarter, meeting the Zacks' consensus estimate of $0.15. The semiconductor company earned $156.30 million during the quarter, compared to the consensus estimate of $147.37 million. Photronics had a return on equity of 3.29% and a net margin of 5.41%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.18 EPS. View Photronics' Earnings History.

Photronics is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Photronics.

Photronics updated its first quarter earnings guidance on Wednesday, December, 11th. The company provided EPS guidance of $0.13-0.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.12. The company issued revenue guidance of $146-154 million, compared to the consensus revenue estimate of $143.07 million.

2 brokerages have issued 12 month target prices for Photronics' stock. Their forecasts range from $15.00 to $18.00. On average, they expect Photronics' stock price to reach $16.50 in the next year. This suggests a possible upside of 16.7% from the stock's current price. View Analyst Price Targets for Photronics.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Photronics in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Photronics.

News coverage about PLAB stock has been trending somewhat negative this week, according to InfoTrie. The research group scores the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Photronics earned a news sentiment score of -1.4 on InfoTrie's scale. They also assigned press coverage about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Photronics.

Photronics saw a decline in short interest during the month of January. As of January 15th, there was short interest totalling 1,850,000 shares, a decline of 19.2% from the December 31st total of 2,290,000 shares. Based on an average daily trading volume, of 669,600 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.9% 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), Amkor Technology (AMKR), Brooks Automation (BRKS), Advanced Energy Industries (AEIS), FormFactor (FORM), Cohu (COHU), Nanometrics (NANO), Ultra Clean (UCTT) and Rudolph Technologies (RTEC).

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

Photronics' stock is owned by a variety of of institutional and retail investors. Top institutional investors include KAMES CAPITAL plc (1.97%), Wedge Capital Management L L P NC (1.82%), Strs Ohio (0.08%), State of Alaska Department of Revenue (0.08%), Uncommon Cents Investing LLC (0.07%) and Arizona State Retirement System (0.07%). 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 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, Virginia Retirement Systems ET AL, Wedge Capital Management L L P NC, Arizona State Retirement System, Strs Ohio, Founders Capital Management, Louisiana State Employees Retirement System and Eqis Capital Management Inc.. 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 for Photronics.

PLAB stock was bought by a variety of institutional investors in the last quarter, including Uncommon Cents Investing LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of PLAB stock can currently be purchased for approximately $14.14.

Photronics has a market capitalization of $925.04 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.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]