Photronics (PLAB) Stock Price, News & Analysis

1 Wall Street equities 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 equities 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 Wall Street analysts have issued 1 year target prices for Photronics' shares. 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 twelve months. This suggests that the stock has a possible downside of 19.5%.
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Photronics' stock was trading at $31.37 at the beginning of 2024. Since then, PLAB shares have decreased by 16.8% and is now trading at $26.09.
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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 data 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 earned $216.30 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 earnings per share.

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 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 number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.22%), Hodges Capital Management Inc. (0.17%), 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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