Photronics - PLAB Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Photronics in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PLAB shares.
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3 equities research analysts have issued 12-month price objectives for Photronics' shares. Their PLAB share price forecasts range from $23.00 to $28.00. On average, they predict the company's share price to reach $25.67 in the next year. This suggests a possible upside of 36.4% from the stock's current price.
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Photronics' stock was trading at $16.83 at the beginning of 2023. Since then, PLAB stock has increased by 11.8% and is now trading at $18.82.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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Photronics, Inc. (NASDAQ:PLAB) released its earnings results on Tuesday, December, 13th. The semiconductor company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.48 by $0.12. The semiconductor company had revenue of $210.27 million for the quarter, compared to the consensus estimate of $210 million. Photronics had a trailing twelve-month return on equity of 11.46% and a net margin of 14.70%.

Photronics issued an update on its first quarter earnings guidance on Tuesday, December, 13th. The company provided earnings per share (EPS) guidance of $0.40-0.48 for the period, compared to the consensus estimate of $0.46. The company issued revenue guidance of $203-213 million, compared to the consensus revenue estimate of $209.00 million.

8 employees have rated Photronics Chief Executive Officer Peter S. Kirlin on Glassdoor.com. Peter S. Kirlin has an approval rating of 49% among the company's employees. This puts Peter S. Kirlin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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

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

Photronics' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.95%), Assenagon Asset Management S.A. (0.88%), Comerica Bank (0.36%), Penbrook Management LLC (0.20%), Bridge City Capital LLC (0.15%) and Uncommon Cents Investing LLC (0.14%). Insiders that own company stock include Christopher J Progler, John P Jordan, Joseph A Fiorita Jr, Kang Jyh Lee, Mitchell G Tyson, Mitchell G Tyson, Peter S Kirlin, Richelle E Burr, Richelle E Burr and Walter M Fiederowicz.
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Shares of PLAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PLAB stock can currently be purchased for approximately $18.82.

Photronics (NASDAQ:PLAB) has a market capitalization of $1.16 billion and generates $824.55 million in revenue each year. The semiconductor company earns $118.79 million in net income (profit) each year or $1.98 on an earnings per share basis.

The company employs 1,828 workers across the globe.

Photronics' mailing address is 15 SECOR ROAD, BROOKFIELD CT, 06804. The official website for the company is www.photronics.com. The semiconductor company can be reached via phone at (203) 775-9000 or via email at tdewar@photronics.com.