Photronics, Inc. (NASDAQ:PLAB) Receives Average Recommendation of “Moderate Buy” from Analysts

Photronics, Inc. (NASDAQ:PLAB) has received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $49.3333.

A number of equities analysts have recently issued reports on PLAB shares. Weiss Ratings cut shares of Photronics from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Craig Hallum reissued a “buy” rating on shares of Photronics in a research note on Friday, May 29th. Freedom Capital upgraded shares of Photronics to a “strong-buy” rating in a research note on Thursday, July 2nd. Wall Street Zen raised Photronics from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research upgraded Photronics to a “hold” rating in a research note on Friday, August 14th.

Photronics Price Performance

Photronics stock opened at $28.99 on Monday. The business has a 50 day moving average price of $30.10 and a two-hundred day moving average price of $36.67. Photronics has a 12 month low of $20.05 and a 12 month high of $56.00. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 10.21 and a beta of 1.35.

Photronics (NASDAQ:PLAB) last released its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. The business had revenue of $216.05 million for the quarter, compared to analysts’ expectations of $208.75 million. Photronics had a return on equity of 7.45% and a net margin of 19.05%.Photronics’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. On average, analysts expect that Photronics will post 1.85 earnings per share for the current fiscal year.

Institutional Trading of Photronics

A number of large investors have recently bought and sold shares of the stock. Tidal Investments LLC lifted its holdings in shares of Photronics by 57.7% during the second quarter. Tidal Investments LLC now owns 7,914 shares of the semiconductor company’s stock valued at $257,000 after acquiring an additional 2,895 shares during the period. Engineers Gate Manager LP bought a new stake in shares of Photronics in the 2nd quarter worth about $1,288,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Photronics during the 2nd quarter worth about $40,000. NewEdge Advisors LLC acquired a new stake in shares of Photronics during the 2nd quarter worth about $60,000. Finally, Nykredit A S bought a new position in Photronics during the 2nd quarter valued at about $89,000. 88.38% of the stock is currently owned by institutional investors.

Photronics Company Profile

Photronics, Inc (NASDAQ: PLAB) is a manufacturer of photomasks, precision photographic plates used in the semiconductor and flat-panel display manufacturing processes. Photomasks transfer circuit patterns onto silicon wafers and display substrates, making them an important component in the production of integrated circuits, memory devices, flat-panel displays and other electronic products.

The company provides photomasks for a range of semiconductor applications, including advanced logic, foundry and memory devices.