NASDAQ:PLAB - Photronics Stock Price, News, & Analysis

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

Photronics announced that its board has approved a share buyback plan on Friday, July 6th 2018, which permits the company to buyback $20,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 3.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

Photronics, Inc. (NASDAQ:PLAB) released its earnings results on Tuesday, May, 22nd. The semiconductor company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.07 by $0.08. The semiconductor company earned $130.78 million during the quarter, compared to the consensus estimate of $124.17 million. Photronics had a net margin of 5.33% and a return on equity of 2.92%. Photronics's quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. View Photronics' Earnings History.

Photronics is scheduled to release their next quarterly earnings announcement on Wednesday, August, 22nd 2018. View Earnings Estimates for Photronics.

Photronics updated its third quarter earnings guidance on Tuesday, May, 22nd. The company provided EPS guidance of $0.12-0.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.10. The company issued revenue guidance of $128-136 million, compared to the consensus revenue estimate of $128.03 million.

2 analysts have issued 12-month price targets for Photronics' stock. Their predictions range from $10.00 to $13.00. On average, they anticipate Photronics' stock price to reach $11.50 in the next twelve months. This suggests a possible upside of 31.4% 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 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Photronics.

Some companies that are related to Photronics include Viavi Solutions (VIAV), Amkor Technology (AMKR), Finisar (FNSR), Power Integrations (POWI), Silicon Motion Technology (SIMO), Solaredge Technologies (SEDG), Tower Semiconductor (TSEM), Diodes (DIOD), BE Semiconductor Industrs (BESIY), Kulicke and Soffa Industries (KLIC), Dialog Semiconductor (DLGNF), Acacia Communications (ACIA), Oclaro (OCLR), MACOM Technology Solutions (MTSI) and Synaptics (SYNA).

News headlines about PLAB stock have been trending somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Photronics earned a news impact score of 0.19 on Accern's scale. They also assigned news coverage about the semiconductor company an impact score of 46.94 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future. View Recent Headlines for Photronics.

Photronics' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.81%), Dimensional Fund Advisors LP (8.37%), Donald Smith & CO. Inc. (6.02%), Renaissance Technologies LLC (2.82%), Wedge Capital Management L L P NC (2.56%) and Millennium Management LLC (1.89%). Company insiders that own Photronics stock include Christopher J Progler, Constantine S Macricostas, John P Jordan, Joseph A Fiorita Jr, Mitchell G Tyson, Peter S Kirlin, Richelle E Burr, Sean T Smith 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 Bank of New York Mellon Corp, Donald Smith & CO. Inc., Wedge Capital Management L L P NC, California Public Employees Retirement System, Alambic Investment Management L.P., Renaissance Technologies LLC, Virginia Retirement Systems ET AL and Sentinel Trust Co. LBA. Company insiders that have sold Photronics company stock in the last year include Christopher J Progler, Constantine S Macricostas, Mitchell G Tyson, Peter S Kirlin, Richelle E Burr, Sean T Smith 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 BlackRock Inc., Millennium Management LLC, Cortina Asset Management LLC, Quantum Capital Management, Schwab Charles Investment Management Inc., Citadel Advisors LLC, Strs Ohio and Russell Investments Group Ltd.. 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, Scottrade, Fidelity and Charles Schwab.

One share of PLAB stock can currently be purchased for approximately $8.75.

Photronics has a market capitalization of $608.43 million and generates $450.68 million in revenue each year. The semiconductor company earns $13.13 million in net income (profit) each year or $0.19 on an earnings per share basis. Photronics employs 1,475 workers across the globe.

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]