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NASDAQ:PLABPhotronics Stock Price, Forecast & News

$11.73
+0.01 (+0.09 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$11.52
Now: $11.73
$11.80
50-Day Range
$10.63
MA: $11.31
$12.17
52-Week Range
$8.31
Now: $11.73
$16.75
Volume337,479 shs
Average Volume309,373 shs
Market Capitalization$769.72 million
P/E Ratio23.00
Dividend YieldN/A
Beta0.81
Photronics, Inc., together with its subsidiaries, manufactures and sells photomasks in Taiwan, Korea, the United States, Europe, and internationally. The company offers photomasks, which are high precision photographic quartz or glass plates containing microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays (FPDs), as well as that are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel display substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components. It sells its products to semiconductor or FPD designers, manufacturers, and foundries, as well as to other high performance electronics manufacturers through its sales personnel and customer service representatives. The company was formerly known as Photronic Labs, Inc. and changed its name to Photronics, Inc. in 1990. Photronics, Inc. was founded in 1969 and is based in Brookfield, Connecticut.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.97 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductor Equipment
Current SymbolNASDAQ:PLAB
CUSIP71940510
Phone203-775-9000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$550.66 million
Cash Flow$1.69 per share
Book Value$13.56 per share

Profitability

Net Income$29.79 million

Miscellaneous

Employees1,775
Market Cap$769.72 million
Next Earnings Date8/18/2020 (Estimated)
OptionableOptionable
$11.73
+0.01 (+0.09 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Photronics (NASDAQ:PLAB) Frequently Asked Questions

How has Photronics' stock been impacted by COVID-19 (Coronavirus)?

Photronics' stock was trading at $11.42 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PLAB stock has increased by 2.7% and is now trading at $11.73.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Photronics?

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."
View analyst ratings for Photronics
.

When is Photronics' next earnings date?

Photronics is scheduled to release its next quarterly earnings announcement on Tuesday, August 18th 2020.
View our earnings forecast for Photronics
.

How were Photronics' earnings last quarter?

Photronics, Inc. (NASDAQ:PLAB) posted its earnings results on Wednesday, May, 27th. The semiconductor company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by $0.02. The semiconductor company earned $148.20 million during the quarter, compared to the consensus estimate of $147.63 million. Photronics had a net margin of 5.47% and a return on equity of 3.58%. Photronics's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 EPS.
View Photronics' earnings history
.

How will Photronics' stock buyback program work?

Photronics announced that its Board of Directors has approved a share buyback plan on Friday, October 12th 2018, which allows the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire 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 shares are undervalued.

What guidance has Photronics issued on next quarter's earnings?

Photronics issued an update on 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.

What price target have analysts set for PLAB?

3 brokers have issued twelve-month target prices for Photronics' stock. Their forecasts range from $13.00 to $18.00. On average, they anticipate Photronics' stock price to reach $15.33 in the next twelve months. This suggests a possible upside of 30.7% from the stock's current price.
View analysts' price targets for Photronics
.

Has Photronics been receiving favorable news coverage?

Headlines about PLAB stock have been trending extremely negative recently, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by reviewing 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 nearest to five being the most favorable. Photronics earned a news sentiment score of -4.8 on InfoTrie's scale. They also gave press coverage about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days.
View the latest news about Photronics
.

Are investors shorting Photronics?

Photronics saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,530,000 shares, a decline of 8.4% from the July 15th total of 1,670,000 shares. Based on an average daily volume of 505,000 shares, the short-interest ratio is currently 3.0 days. Approximately 2.4% of the company's shares are sold short.
View Photronics' Short Interest
.

Who are some of Photronics' key competitors?

What other stocks do shareholders of Photronics own?

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).

Who are Photronics' key executives?

Photronics' management team includes the following people:
  • Mr. Constantine S. Macricostas, Chairman (Age 83)
  • Dr. Peter S. Kirlin, CEO & Director (Age 58)
  • Mr. John P. Jordan, Sr. VP & CFO (Age 73)
  • Dr. Christopher J. Progler, VP of Strategic Planning & CTO (Age 55)
  • Ms. Richelle E. Burr, VP, Gen. Counsel & Sec. (Age 55)

What is Photronics' stock symbol?

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

Who are Photronics' major shareholders?

Photronics' stock is owned by many different retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (2.20%), KAMES CAPITAL plc (0.84%), Principal Financial Group Inc. (0.74%), Comerica Bank (0.68%), Assenagon Asset Management S.A. (0.56%) and Prudential PLC (0.52%). 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
.

Which major investors are selling Photronics stock?

PLAB stock was sold by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc, Trexquant Investment LP, Prudential PLC, Principal Financial Group Inc., State Board of Administration of Florida Retirement System, Dupont Capital Management Corp, Russell Investments Group Ltd., and New York State Common Retirement Fund. 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
.

Which major investors are buying Photronics stock?

PLAB stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., WINTON GROUP Ltd, Hussman Strategic Advisors Inc., Wedge Capital Management L L P NC, SG Americas Securities LLC, LSV Asset Management, Bessemer Group Inc., and Comerica Bank.
View insider buying and selling activity for Photronics
.

How do I buy shares of 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.

What is Photronics' stock price today?

One share of PLAB stock can currently be purchased for approximately $11.73.

How big of a company is Photronics?

Photronics has a market capitalization of $769.72 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.

What is Photronics' official website?

The official website for Photronics is www.photronics.com.

How can I contact Photronics?

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]

This page was last updated on 8/9/2020 by MarketBeat.com Staff

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