PLAB Photronics Inc Stock Overview U.S.: Nasdaq

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. The heightened growth is primarily attributed to the adoption of more sophisticated photomasks, a trend predicted to extend into 2024. Global governments are amplifying their investments in local semiconductor manufacturing, and this shift is positively influencing Photronics.

This puts Peter S. Kirlin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. The semiconductor photomask manufacturer just delivered a blockbuster earnings report, and the next one should be even better. Shares of Photronics are moving lower after the company’s forward guidance disappointed investors. A company with a market value of about $1 billion is small enough to grow fast, yet large enough so that it can begin to appeal to institutional investors such as pension funds. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

It offers investors insights into why they should act now or potentially regret missing out on these exciting investment opportunities. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

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The technique has proven to be very useful for finding positive surprises. PLAB’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

Photronics, Inc.’s Stock Price as of Market Close

This capital could’ve been returned to shareholders in the form of stock buybacks, which probably would’ve helped support the stock price somewhat. Opera GX, the company’s browser tailored for gamers, has seen steady growth, with a 9% sequential increase in its user base. Opera GX engages gamers and appeals to a predominantly Gen Z demographic, allowing users to personalize their internet experience. Furthermore, Opera GX’s continuous innovation includes adding thousands of new modes and live wallpapers and incorporating AI features. Moreover, Aria is available on desktop and mobile browsers, catering to many users.

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The RSI on the weekly chart, similar to the monthly chart, remains above the 50 midline, hinting at potential short-term declines. Investors should closely monitor these robust sideways patterns before making investment decisions. 2 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Photronics in the last year. The consensus among Wall Street analysts is that investors should “moderate buy” PLAB shares. High-growth stocks tend to represent the technology, healthcare, and communications sectors.

The quarterly revenue highlights this strength with a year-over-year increment of 2%, totaling $224.21 million. Nevertheless, this shows a marginal drop when juxtaposed with the highs from the previous quarter, as shown in the chart below. Finally, Photronics has demonstrated consistent financial performance, achieving record revenues and margins despite facing a challenging industry environment.

Key Data

The growing adoption of AMOLED panels represents a substantial growth opportunity. Photronics may benefit from various industry trends, including the proliferation of AI, data centers, IoT, automotive technologies, and machine learning. These trends drive the need for customized photomasks for diverse IC designs. Financially, Extreme Networks has demonstrated strong performance with revenue growth, improved gross margins, and doubled free cash flow in fiscal 2023. Therefore, this financial strength positions the company well for future investments and growth initiatives. For a more detailed insight into Photronics, the weekly chart below concisely depicts the stock’s performance.

The stock displays a sideways movement, fluctuating between $13 and $27. Notably, a double bottom is observed at $13.87 and $13.86, surging to $26.98. This specific level was anticipated to trigger a further increase, but the stock couldn’t surpass it, leading to a correction. The stock is currently trapped in a pronounced sideways pattern, suggesting that there might be a further downward adjustment before any substantial upward movement. The critical resistance for Photronics is at $27, and a rally could only be initiated with a monthly close surpassing this figure.

Photronics jumps 10% at key support as a perfect buy opportunity emerges

Dan Schulman, PayPal’s CEO since the eBay spin-off, is set to retire at the end of this year. He led the payments company to huge gains for most of the past eight or so years, but he has certainly made some mistakes that shareholders should be disappointed with. On the date of publication, Yiannis Zourmpanos did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Additionally, the “One Network, One Cloud, One Extreme” solution offers seamless end-to-end hardware and flexible, high-performance networking managed within a single cloud ecosystem.

Meanwhile, the third thrives in the volatile semiconductor industry, capitalizing on the rising demand for advanced display technologies and custom photomasks. The Photronics monthly chart reveals a solid consolidation in its stock price, characterized by significant volatility. From its 2008 low of $0.33, there’s a notable upward trajectory in the stock price, albeit with persistent market fluctuations. An ascending broadening wedge is discernible, spanning from the 2008 low to the 2023 high of $26.98, resulting in a sideways pattern. The 2023 resistance point, marked in red, is $26.98, which resulted in a pronounced decrease in August and September, suggesting further consolidation in this range.

Photronics, Inc.

Furthermore, with the RSI persisting above the midline for a considerable span, there looms a risk of the stock being perceived as overvalued, prompting potential market adjustments. Breaking down the financial data further, IC’s earnings stood at $163.1 million, reflecting a modest annual rise. Photronics’ operational cash flow was commendable, generating $85.9 million, while the capital expenditure was capped at $21.1 million. By the quarter’s culmination, the company held a solid cash reserve of $448.5 million, bolstered by $27.3 million in fleeting investments and a debt sum of $26.7 million. In the third quarter of 2023, Photronics showcased stable financial performance, even in the face of industry challenges. CEO Frank Lee emphasized the company’s capacity to sustain robust margins, particularly when specific market segments noted a dip in demand.

Even this year, when the overall market has bounced back from last year’s double-digit loss, this payments business has gotten hammered. Moreover, the company expects additional semiconductor manufacturing capacity to be built globally, which will, in turn, boost the demand for photomasks, capitalizing on this increased demand. Furthermore, Extreme Networks is tapping into the growing demand for edge computing, particularly in Europe, where sovereign data is becoming increasingly important.

One of Opera’s key innovations is integrating Aria’s AI service into its browsers. Aria allows users to collaborate with AI while browsing, generating text https://1investing.in/ or code, or answering product queries. Aria is based on Opera’s component infrastructure, connected to OpenAI’s ChatGPT technology, and is easily scalable.

On average, they anticipate the company’s share price to reach $21.00 in the next twelve months. This suggests a possible upside of 4.0% from the stock’s current price. View analysts price targets for PLAB or view top-rated stocks among Wall Street analysts. In the stock market, investors constantly seek opportunities promising substantial investment returns. Amidst this quest for profitable prospects, three companies listed in the article have emerged as prime candidates poised for explosive growth. These companies are rewriting the rules in their respective domains.

Investors likely aren’t accustomed to seeing this once darling of a growth stock pump the brakes on its gains, and that’s why shares have been under so much pressure. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. The company says it expects fiscal fourth-quarter earnings of between 44 cents and 52 cents a share, below analysts’ forecasts of 53 cents.

• They are making waves with their visionary approaches and unwavering commitment to innovation.
• Moreover, the company expects additional semiconductor manufacturing capacity to be built globally, which will, in turn, boost the demand for photomasks, capitalizing on this increased demand.
• Photronics failed to beat earnings today — and now its stock is dirt cheap.
• Photronics, Inc. was founded in 1969 and is based in Brookfield, Connecticut.
• 2 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Photronics in the last year.
• As an investor, you want to buy stocks with the highest probability of success.

Alex Chriss, executive vice president and general manager of the Small Business and Self-Employed Group at Intuit, is slated to take over the lead role. A fresh perspective could be exactly what this company desperately needs. And a new face could bring a renewed sense of optimism from shareholders. Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis. One share of PLAB stock can currently be purchased for approximately $20.19.

Photonics’s noticeable upscale in the Asian sector underscores a significant dependence on particular geographic markets. Economic downturns or unique industry challenges in these regions, like Asia, can significantly influence Photronics’ performance. Simultaneously, while the company enjoys a praiseworthy operational cash flow, notable capital expenditures or variations can impact profitability considerably if they don’t immediately bolster revenue growth. Despite boasting a robust cash reserve, the company’s $26.7 million debt is a potential liability. Fluctuations in interest rates or broader financial market dynamics could escalate this debt’s cost, consequently affecting net profits. Regarding financial performance, Opera reported its tenth consecutive quarter of over 20% top-line growth.

• 8 employees have rated Photronics Chief Executive Officer Peter S. Kirlin on Glassdoor.com.
• Regarding financial performance, Opera reported its tenth consecutive quarter of over 20% top-line growth.
• An ascending broadening wedge is discernible, spanning from the 2008 low to the 2023 high of $26.98, resulting in a sideways pattern.
• Photronics updated its fourth quarter 2023 earnings guidance on Wednesday, September, 6th.
• Furthermore, Opera GX’s continuous innovation includes adding thousands of new modes and live wallpapers and incorporating AI features.
• The article delves into the key reasons why these companies stand out.

They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. Photronics Inc is a U.S.-based company that is principally engaged in manufacturing photomasks.