Photronics (PLAB) Stock Price, News & Analysis

Company Overview

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. The company offers electrical and optical components. It sells its products to semiconductor and FPD manufacturers, designers, and foundries, as well as to other high-performance electronics manufacturers through its sales personnel and customer service representatives. The company was formerly known as Photronic Labs, Inc. and changed its name to Photronics, Inc. in 1990. Photronics, Inc. was incorporated in 1969 and is based in Brookfield, Connecticut.

Key Stats

• Today's Range: $24.75 to $25.21
• 50-Day Range: $22.80 to $25.95
• 52-Week Range: $20.25 to $34.16
• Volume: 529,958 shs
• Average Volume: 480,713 shs
• Market Capitalization: $1.59 billion
• P/E Ratio: 11.02
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Photronics Stock Analysis - MarketRank™

Photronics scored higher than 28% of companies evaluated by MarketBeat, and ranked 543rd out of 654 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Photronics.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.77%

Earnings Growth

Earnings for Photronics are expected to grow by 5.77% in the coming year, from $2.08 to $2.20 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Photronics is 11.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.28.

Price to Earnings Ratio vs. Sector

The P/E ratio of Photronics is 11.02, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 251.12.

Price to Book Value per Share Ratio

Photronics has a P/B Ratio of 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.33% of the float of Photronics has been sold short.

Short Interest Ratio / Days to Cover

Photronics has a short interest ratio ("days to cover") of 4.9.

Change versus previous month

Short interest in Photronics has recently increased by 20.12%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Photronics does not currently pay a dividend.

Dividend Growth

Photronics does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 1.5 / 5
• Environmental Score: -2.59

Percentage of Shares Shorted

3.33% of the float of Photronics has been sold short.

Short Interest Ratio / Days to Cover

Photronics has a short interest ratio ("days to cover") of 4.9.

Change versus previous month

Short interest in Photronics has recently increased by 20.12%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 1.24

News Sentiment

Photronics has a news sentiment score of 1.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Photronics this week, compared to 4 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Photronics insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.88% of the stock of Photronics is held by insiders.

Percentage Held by Institutions

88.38% of the stock of Photronics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PLAB Stock Analysis - Frequently Asked Questions

How have PLAB shares performed this year?

Photronics' stock was trading at $31.37 on January 1st, 2024. Since then, PLAB stock has decreased by 20.2% and is now trading at $25.02.
View the best growth stocks for 2024 here.

How were Photronics' earnings last quarter?

Photronics, Inc. (NASDAQ:PLAB) issued its quarterly earnings results on Thursday, August, 29th. The semiconductor company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.56 by $0.05. The business's quarterly revenue was down 5.9% on a year-over-year basis.

Does Photronics have any subsidiaries?

The following companies are subsidiaries of Photronics: Microphase Laboratories, Align-Rite International Ltd, PDMC Shanghai Ltd., Photronics Advanced Mask Corporation, Photronics California Inc., Photronics DNP Mask Corporation, Photronics Idaho Inc., and others.

Who are Photronics' major shareholders?

Photronics' top institutional shareholders include Pacer Advisors Inc. (3.75%), State Street Corp (3.74%), Geode Capital Management LLC (2.75%) and Charles Schwab Investment Management Inc. (1.53%). Insiders that own company stock include Christopher J Progler, Mitchell G Tyson, John P Jordan, Richelle E Burr, Kang Jyh Lee, Walter M Fiederowicz and Peter S Kirlin.
View institutional ownership trends.

How do I buy shares of Photronics?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of Photronics own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Photronics investors own include NVIDIA (NVDA), Chevron (CVX), Bristol-Myers Squibb (BMY), McKesson (MCK), Meta Platforms (META), Advanced Micro Devices (AMD) and Broadcom (AVGO).

Company Calendar

• Last Earnings: 8/29/2024
• Today: 12/03/2024
• Next Earnings (Estimated): 12/11/2024
• Fiscal Year End: 10/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Semiconductor Equipment
• Current Symbol: NASDAQ:PLAB
• CUSIP: 71940510
• CIK: 810136
• Web: www.photronics.com
• Phone: (203) 775-9000
• Fax: N/A
• Employees: 1,885
• Year Founded: 1969

Profitability

• EPS (Most Recent Fiscal Year): $2.27
• Trailing P/E Ratio: 11.02
• Forward P/E Ratio: 12.03
• P/E Growth: N/A
• Net Income: $125.49 million
• Net Margins: 16.22%
• Pretax Margin: 31.67%
• Return on Equity: 9.46%
• Return on Assets: 8.04%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.67
• Quick Ratio: 4.38

Sales & Book Value

• Annual Sales: $892.08 million
• Price / Sales: 1.78
• Cash Flow: $3.27 per share
• Price / Cash Flow: 7.66
• Book Value: $20.39 per share
• Price / Book: 1.23

Miscellaneous

• Outstanding Shares: 63,350,000
• Free Float: 60,896,000
• Market Cap: $1.59 billion
• Optionable: Optionable
• Beta: 1.41