Photronics, Inc. (NASDAQ:PLAB) Stock Has Consensus Price Target of $49.33

Photronics, Inc. (NASDAQ:PLAB – Get Free Report) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $49.33.

PLAB has been the topic of several recent analyst reports. Weiss Ratings upgraded Photronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. Wall Street Zen cut shares of Photronics from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. Zacks Research raised shares of Photronics to a “hold” rating in a research report on Friday, August 14th. Finally, Freedom Capital upgraded shares of Photronics to a “strong-buy” rating in a report on Thursday, July 2nd.

Read Our Latest Stock Analysis on PLAB

Insider Buying and Selling at Photronics

In other news, SVP Han Park sold 9,500 shares of Photronics stock in a transaction on Friday, September 25th. The stock was sold at an average price of $30.37, for a total transaction of $288,515.00. Following the transaction, the senior vice president owned 66,000 shares in the company, valued at approximately $2,004,420. The trade was a 12.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kang Lee sold 10,000 shares of Photronics stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $30.75, for a total value of $307,500.00. Following the transaction, the director directly owned 337,350 shares in the company, valued at approximately $10,373,512.50. This trade represents a 2.88% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 37,000 shares of company stock valued at $1,114,265. 3.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PLAB. Allworth Financial LP acquired a new position in Photronics in the second quarter worth approximately $26,000. First Horizon Corp acquired a new stake in shares of Photronics in the 1st quarter valued at $33,000. Grove Bank & Trust bought a new stake in shares of Photronics during the 2nd quarter worth about $33,000. Integrated Wealth Concepts LLC bought a new stake in shares of Photronics during the 2nd quarter worth about $40,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Photronics during the 2nd quarter valued at about $44,000. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Photronics Price Performance

PLAB opened at $29.71 on Friday. The business has a 50 day moving average price of $30.25 and a two-hundred day moving average price of $35.85. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 10.46 and a beta of 1.32. Photronics has a 1-year low of $20.05 and a 1-year high of $56.00.

Photronics (NASDAQ:PLAB – Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.40 by $0.10. Photronics had a net margin of 19.05% and a return on equity of 7.45%. The firm had revenue of $216.05 million for the quarter, compared to analysts’ expectations of $208.75 million. During the same period in the previous year, the business earned $0.51 earnings per share. Photronics’s revenue for the quarter was up 2.7% compared to the same quarter last year. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. Equities analysts expect that Photronics will post 1.9 EPS for the current fiscal year.

About Photronics

(Get Free Report)

Photronics, Inc (NASDAQ: PLAB) is a manufacturer of photomasks, precision quartz and glass plates used to transfer circuit patterns onto semiconductor wafers and display panels during the manufacturing process. Its products are essential to the production of integrated circuits and flat-panel displays.

The company provides photomasks for a range of semiconductor applications, including advanced logic, memory and other specialized devices. It also supplies photomasks used in flat-panel display manufacturing, supporting technologies such as liquid-crystal displays and other display formats.

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Analyst Recommendations for Photronics (NASDAQ:PLAB)

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