Photronics (PLAB) Stock Price, News & Analysis

1 Wall Street 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 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 brokerages have issued 12 month price objectives for Photronics' stock. Their PLAB share price targets range from $21.00 to $21.00. On average, they predict the company's share price to reach $21.00 in the next year. This suggests that the stock has a possible downside of 21.8%.
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Photronics' stock was trading at $31.37 at the start of the year. Since then, PLAB shares have decreased by 14.3% and is now trading at $26.87.
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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 earnings results on Wednesday, February, 21st. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.01. The semiconductor company had revenue of $216.30 million for the quarter, compared to analysts' expectations of $220 million. Photronics had a trailing twelve-month return on equity of 10.37% and a net margin of 15.34%. Photronics's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 EPS.

ETFs with the largest weight of Photronics (NASDAQ:PLAB) stock in their portfolio include Invesco Semiconductors ETF (PSI), Euclidean Fundamental Value ETF (ECML), 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) and Roundhill Acquirers Deep Value ETF (DEEP).

Photronics updated its second quarter earnings guidance on Wednesday, February, 21st. The company provided EPS guidance of $0.50-0.58 for the period, compared to the consensus EPS 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 number of retail and institutional investors. Top institutional investors include Bridge City Capital LLC (0.12%), Los Angeles Capital Management LLC (0.11%), Annex Advisory Services LLC (0.03%) and First Hawaiian Bank (0.01%). 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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