Photronics (PLAB) Stock Price, News & Analysis

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Photronics in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" PLAB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLAB, but not buy additional shares or sell existing shares.
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1 brokers have issued 1-year target prices for Photronics' stock. Their PLAB share price targets range from $21.00 to $21.00. On average, they expect the company's stock price to reach $21.00 in the next year. This suggests that the stock has a possible downside of 17.1%.
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Photronics' stock was trading at $31.37 at the beginning of 2024. Since then, PLAB shares have decreased by 19.3% and is now trading at $25.32.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
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Photronics, Inc. (NASDAQ:PLAB) announced its quarterly earnings results on Wednesday, February, 21st. The semiconductor company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by $0.01. The semiconductor company earned $216.30 million during the quarter, compared to the consensus estimate of $220 million. Photronics had a net margin of 15.34% and a trailing twelve-month return on equity of 10.37%. The firm's revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS.

ETFs with the largest weight of Photronics (NASDAQ:PLAB) stock in their portfolio include Invesco Semiconductors ETF (PSI), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Invesco S&P SmallCap Information Technology ETF (PSCT), ETC 6 Meridian Small Cap Equity ETF (SIXS), Inspire Fidelis Multi Factor ETF (FDLS), Cambria Value and Momentum ETF (VAMO), Roundhill Acquirers Deep Value ETF (DEEP) and Janus Henderson Small Cap Growth Alpha ETF (JSML).

Photronics updated its second quarter earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of $0.50-0.58 for the period, compared to the consensus earnings per share estimate of $0.56. The company issued revenue guidance of $226-236 million, compared to the consensus revenue estimate of $230.00 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' stock is owned by a variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.22%), Penbrook Management LLC (0.18%), Hodges Capital Management Inc. (0.17%), Bridge City Capital LLC (0.12%), Los Angeles Capital Management LLC (0.11%) and Annex Advisory Services LLC (0.03%). Insiders that own company stock include Christopher J Progler, John P Jordan, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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