FY2025 EPS Estimates for Photronics Raised by DA Davidson

Photronics, Inc. (NASDAQ:PLAB) – Research analysts at DA Davidson increased their FY2025 earnings per share estimates for shares of Photronics in a report released on Thursday, December 12th. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings per share of $2.30 for the year, up from their prior 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 Price Performance

PLAB opened at $26.49 on Friday. The company has a 50 day simple moving average of $24.44 and a two-hundred day simple moving average of $24.56. The firm has a market cap of $1.68 billion, a P/E ratio of 12.57 and a beta of 1.41. Photronics has a 1-year low of $20.25 and a 1-year high of $34.16.

Photronics (NASDAQ:PLAB) last announced its earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The company had revenue of $222.60 million for the quarter, compared to analysts’ expectations of $218.00 million. Photronics had a return on equity of 9.10% and a net margin of 15.07%. Photronics’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. lifted its holdings in shares of Photronics by 17.2% in the 2nd quarter. Pacer Advisors Inc. now owns 2,482,856 shares of the semiconductor company’s stock worth $61,252,000 after buying an additional 364,150 shares during the period. State Street Corp lifted its stake in Photronics by 0.4% in the third quarter. State Street Corp now owns 2,368,450 shares of the semiconductor company’s stock worth $58,643,000 after acquiring an additional 10,590 shares during the period. LSV Asset Management lifted its stake in Photronics by 16.0% in the second quarter. LSV Asset Management now owns 1,990,046 shares of the semiconductor company’s stock worth $49,094,000 after acquiring an additional 275,082 shares during the period. Geode Capital Management LLC grew its holdings in Photronics by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,745,165 shares of the semiconductor company’s stock worth $43,217,000 after acquiring an additional 85,160 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Photronics by 12.8% during the 2nd quarter. American Century Companies Inc. now owns 1,684,647 shares of the semiconductor company’s stock valued at $41,560,000 after purchasing an additional 191,809 shares during the period. Institutional investors own 88.38% of the company’s stock.

Photronics Company Profile

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.