DA Davidson Issues Positive Estimate for Photronics Earnings

Photronics, Inc. (NASDAQ:PLAB) – DA Davidson lifted their FY2025 EPS estimates for Photronics in a research report issued on Thursday, December 12th. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will earn $2.30 per share for the year, up from their previous forecast 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.

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

Photronics Stock Performance

Shares of PLAB opened at $26.49 on Friday. The business’s 50-day moving average is $24.44 and its two-hundred day moving average is $24.56. The company has a market capitalization of $1.68 billion, a P/E ratio of 12.57 and a beta of 1.41. Photronics has a fifty-two week low of $20.25 and a fifty-two week high of $34.16.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Wednesday, December 11th. The semiconductor company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The business had revenue of $222.60 million for the quarter, compared to analyst estimates of $218.00 million. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The company’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 earnings per share.

Institutional Trading of Photronics

Several institutional investors have recently bought and sold shares of PLAB. US Bancorp DE lifted its position in shares of Photronics by 137.2% during the 3rd quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 701 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Photronics by 65.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 567 shares in the last quarter. Quarry LP boosted its holdings in Photronics by 223.4% in the 2nd quarter. Quarry LP now owns 2,629 shares of the semiconductor company’s stock worth $65,000 after buying an additional 1,816 shares during the last quarter. GAMMA Investing LLC increased its stake in Photronics by 65.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,932 shares of the semiconductor company’s stock worth $73,000 after buying an additional 1,164 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Photronics during the second quarter valued at approximately $75,000. 88.38% of the stock is owned by institutional investors and hedge funds.

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.