NASDAQ:PLABPhotronics Stock Price, Forecast & News

Photronics' stock was trading at $11.42 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PLAB stock has increased by 15.1% and is now trading at $13.14. 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 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) issued its quarterly earnings results on Wednesday, March, 4th. The semiconductor company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The semiconductor company earned $159.70 million during the quarter, compared to analyst estimates of $150.50 million. Photronics had a net margin of 5.95% and a return on equity of 3.85%. The firm's revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 earnings per share. View Photronics' earnings history.

Photronics declared that its board has initiated a share repurchase program 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 stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Photronics updated its third quarter earnings guidance on Wednesday, May, 27th. The company provided earnings per share (EPS) guidance of $0.11-0.17 for the period, compared to the Thomson Reuters consensus 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 1 year price objectives for Photronics' shares. Their forecasts range from $15.00 to $18.00. On average, they expect Photronics' stock price to reach $16.33 in the next year. This suggests a possible upside of 24.3% from the stock's current price. View analysts' price targets for Photronics.

News coverage about PLAB stock has been trending very positive recently, according to InfoTrie. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. 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 4.0 on InfoTrie's scale. They also assigned news coverage about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutPhotronics.

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), Advanced Energy Industries (AEIS), Amkor Technology (AMKR), FormFactor (FORM), Nanometrics (ONTO), Axcelis Technologies (ACLS), Ultra Clean (UCTT) 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.23%), State Street Corp (3.43%), Donald Smith & CO. Inc. (2.41%), Wedge Capital Management L L P NC (2.07%), Geode Capital Management LLC (1.51%) and Invesco Ltd. (1.45%). 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 KAMES CAPITAL plc, BlackRock Inc., AQR Capital Management LLC, Acadian Asset Management LLC, EAM Investors LLC, Public Sector Pension Investment Board, Squarepoint Ops LLC, and State Street Corp. 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 purchased by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Eagle Asset Management Inc., Hillsdale Investment Management Inc., Invesco Ltd., Morgan Stanley, Morgan Stanley, Needham Investment Management LLC, and Nuveen Asset Management LLC. 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 $13.14.

Photronics has a market capitalization of $855.68 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]