DA Davidson Increases Earnings Estimates for Photronics

Photronics, Inc. (NASDAQ:PLAB - Free Report) - Equities researchers at DA Davidson boosted their FY2025 earnings per share estimates for Photronics in a research note issued to investors on Thursday, December 12th. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings per share of $2.30 for the year, up from their previous estimate of $2.20. DA Davidson currently has a "Buy" rating and a $35.00 target price on the stock. The consensus estimate for Photronics' current full-year earnings is $2.20 per share.

Photronics (NASDAQ:PLAB - Get Free Report) last posted its earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The company had revenue of $222.60 million for the quarter, compared to analyst estimates of $218.00 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The firm's quarterly revenue was down 2.2% compared to the same quarter last year.

Separately, StockNews.com raised Photronics from a "hold" rating to a "buy" rating in a report on Saturday, September 28th.

Photronics Stock Performance

PLAB traded up $0.14 on Friday, hitting $26.41. The company had a trading volume of 297,285 shares, compared to its average volume of 486,806. The stock has a fifty day moving average price of $24.44 and a 200-day moving average price of $24.56. Photronics has a 12-month low of $20.25 and a 12-month high of $34.16. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 12.57 and a beta of 1.41.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System raised its position in Photronics by 3.1% during the second quarter. Arizona State Retirement System now owns 17,735 shares of the semiconductor company's stock valued at $438,000 after acquiring an additional 530 shares in the last quarter. SummerHaven Investment Management LLC increased its position in shares of Photronics by 2.0% during the second quarter. SummerHaven Investment Management LLC now owns 28,145 shares of the semiconductor company's stock worth $694,000 after purchasing an additional 563 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Photronics by 65.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 567 shares in the last quarter. US Bancorp DE increased its position in shares of Photronics by 137.2% during the third quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 701 shares in the last quarter. Finally, Koss Olinger Consulting LLC increased its position in shares of Photronics by 4.3% during the third quarter. Koss Olinger Consulting LLC now owns 18,714 shares of the semiconductor company's stock worth $463,000 after purchasing an additional 780 shares in the last quarter. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

About Photronics

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.