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 increased by 6.6% and is now trading at $12.17.
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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."
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Photronics is scheduled to release its next quarterly earnings announcement on Tuesday, August 18th 2020.
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Photronics, Inc. (NASDAQ:PLAB) issued its quarterly earnings results on Wednesday, May, 27th. The semiconductor company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.12 by $0.02. The semiconductor company had revenue of $148.20 million for the quarter, compared to analyst estimates of $147.63 million. Photronics had a net margin of 5.47% and a return on equity of 3.58%. The business's revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share.
View Photronics' earnings history.

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

Photronics updated its third quarter earnings guidance on Wednesday, May, 27th. The company provided EPS 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 $154.27 million.

3 analysts have issued twelve-month target prices for Photronics' stock. Their forecasts range from $13.00 to $18.00. On average, they expect Photronics' share price to reach $15.33 in the next year. This suggests a possible upside of 26.0% from the stock's current price.
View analysts' price targets for Photronics.

Media coverage about PLAB stock has been trending extremely negative on Tuesday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Photronics earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned media stories about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days.
View the latest news about Photronics.

Photronics saw a decline in short interest during the month of July. As of July 15th, there was short interest totaling 1,530,000 shares, a decline of 8.4% from the June 30th total of 1,670,000 shares. Based on an average daily trading volume, of 505,000 shares, the short-interest ratio is currently 3.0 days. Approximately 2.4% of the company's shares 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).
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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 a number of retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (2.20%), Comerica Bank (0.68%), Assenagon Asset Management S.A. (0.56%), Prudential PLC (0.52%), Mackay Shields LLC (0.36%) and SG Americas Securities LLC (0.28%). 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 Prudential PLC, Dupont Capital Management Corp, Voit & Company LLC, and Louisiana State Employees Retirement System. 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 acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Hussman Strategic Advisors Inc., Wedge Capital Management L L P NC, SG Americas Securities LLC, Comerica Bank, Leap Investments LP, UBS Group AG, and Campbell & CO Investment Adviser 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 $12.17.

Photronics has a market capitalization of $798.62 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]