NASDAQ:PLABPhotronics Stock Price, Forecast & News

Photronics' stock was trading at $11.42 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PLAB shares have decreased by 15.3% and is now trading at $9.67. View which stocks have been mosted 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 Wednesday, May 27th 2020. View our earnings forecast for Photronics.

Photronics, Inc. (NASDAQ:PLAB) released its quarterly earnings data on Wednesday, March, 4th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. The semiconductor company had revenue of $159.70 million for the quarter, compared to analysts' expectations of $150.50 million. Photronics had a net margin of 5.95% and a return on equity of 3.85%. The company's revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. View Photronics' earnings history.

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

Photronics updated its second quarter earnings guidance on Wednesday, March, 4th. The company provided earnings per share guidance of $0.11-0.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.17. The company issued revenue guidance of $145-155 million, compared to the consensus revenue estimate of $151.90 million.

3 Wall Street analysts have issued twelve-month price targets for Photronics' stock. Their forecasts range from $15.00 to $18.00. On average, they anticipate Photronics' share price to reach $16.33 in the next year. This suggests a possible upside of 68.9% from the stock's current price. View analysts' price targets for Photronics.

Media coverage about PLAB stock has been trending very negative recently, according to InfoTrie. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Photronics earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned news stories 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 next several days. View the latest news aboutPhotronics.

Photronics saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,807,500 shares, an increase of 9.5% from the February 27th total of 1,650,000 shares. Based on an average trading volume of 856,800 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.8% of the company's shares are sold short. 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), Xperi (XPER), Axcelis Technologies (ACLS) and Ultra Clean (UCTT).

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

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 $9.67.

Photronics has a market capitalization of $629.71 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]