NASDAQ:PLAB - Photronics Stock Price, Forecast & News

Photronics' stock was trading at $11.42 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PLAB stock has decreased by 11.6% and is now trading at $10.09. 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) issued its quarterly earnings data on Wednesday, March, 4th. The semiconductor company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. The semiconductor company earned $159.70 million during the quarter, compared to analyst estimates of $150.50 million. Photronics had a return on equity of 3.85% and a net margin of 5.95%. The company's revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter last year, the business earned $0.08 EPS. View Photronics' earnings history.

Photronics announced that its Board of Directors has initiated a share repurchase program on Friday, October 12th 2018, which authorizes the company to buyback $25,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

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

3 brokers have issued 1 year price targets for Photronics' stock. Their forecasts range from $15.00 to $18.00. On average, they expect Photronics' stock price to reach $16.33 in the next twelve months. This suggests a possible upside of 61.9% from the stock's current price. View analysts' price targets for Photronics.

News headlines about PLAB stock have been trending extremely negative on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, 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 news headlines 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 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 daily trading volume, of 856,800 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.8% of the shares of the stock 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), Advanced Energy Industries (AEIS), Amkor Technology (AMKR), FormFactor (FORM), Nanometrics (ONTO), Xperi (XPER), Ultra Clean (UCTT) and Axcelis Technologies (ACLS).

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

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

Photronics' stock is owned by a number of institutional and retail investors. Top institutional investors include Barrow Hanley Mewhinney & Strauss LLC (5.18%), State Street Corp (3.55%), Renaissance Technologies LLC (3.13%), Donald Smith & CO. Inc. (2.53%), KAMES CAPITAL plc (1.97%) and Wedge Capital Management L L P NC (1.82%). 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 DDD Partners LLC, Divisar Capital Management LLC, Donald Smith & CO. Inc., Needham Investment Management LLC, Renaissance Technologies LLC, Nuveen Asset Management LLC, KAMES CAPITAL plc, and PNC Financial Services Group Inc.. 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 Bank of Montreal Can, Acadian Asset Management LLC, EAM Investors LLC, Cubist Systematic Strategies LLC, EAM Global Investors LLC, Public Sector Pension Investment Board, Marshall Wace LLP, and AXA. 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 $10.09.

Photronics has a market capitalization of $657.06 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]