Photronics Inc Sentiment Improves on Better Stock Potential

January 21, 2018 - By reb123z

 Photronics Inc Sentiment  Improves on Better Stock Potential

Sentiment for Photronics Inc (NASDAQ:PLAB)

Photronics Inc (NASDAQ:PLAB) institutional sentiment increased to 1.4 in 2017 Q3. Its up 0.29, from 1.11 in 2017Q2. The ratio is better, as 77 institutional investors started new or increased holdings, while 55 sold and reduced stakes in Photronics Inc. The institutional investors in our partner’s database now possess: 63.91 million shares, down from 65.49 million shares in 2017Q2. Also, the number of institutional investors holding Photronics Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 22 Reduced: 33 Increased: 52 New Position: 25.

Photronics, Inc., together with its subsidiaries, makes and sells photomasks in Taiwan, Korea, the United States, Europe, and internationally. The company has market cap of $614.57 million. The firm offers photomasks, which are high precision photographic quartz plates containing microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays , as well as that are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components. It has a 46.84 P/E ratio. It sells its products to semiconductor or FPD designers, manufacturers, and foundries, as well as to other high performance electronics manufacturers through its sales personnel and customer service representatives.

The stock increased 1.71% or $0.15 during the last trading session, reaching $8.9. About 431,302 shares traded. Photronics, Inc. (NASDAQ:PLAB) has risen 13.48% since January 21, 2017 and is uptrending. It has underperformed by 3.22% the S&P500.

Analysts await Photronics, Inc. (NASDAQ:PLAB) to report earnings on February, 21. They expect $0.05 earnings per share, up 66.67 % or $0.02 from last year’s $0.03 per share. PLAB’s profit will be $3.45 million for 44.50 P/E if the $0.05 EPS becomes a reality. After $0.08 actual earnings per share reported by Photronics, Inc. for the previous quarter, Wall Street now forecasts -37.50 % negative EPS growth.

Aegis Financial Corp holds 3.11% of its portfolio in Photronics, Inc. for 248,202 shares. Needham Investment Management Llc owns 523,750 shares or 1.17% of their US portfolio. Moreover, Perritt Capital Management Inc has 1.1% invested in the company for 471,950 shares. The New York-based Donald Smith & Co. Inc. has invested 1.01% in the stock. Piermont Capital Management Inc., a Missouri-based fund reported 161,880 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 6 sales for $321,957 activity.

Photronics, Inc. (NASDAQ:PLAB) Ratings Coverage

Ratings analysis reveals 71% of Photronics’s analysts are positive. Out of 7 Wall Street analysts rating Photronics, 5 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $8.50 while the high is $14. The stock’s average target of $11.71 is 31.57% above today’s ($8.9) share price. PLAB was included in 10 notes of analysts from August 21, 2015. The rating was initiated by Suntrust Robinson on Thursday, October 1 with “Buy”. The firm earned “Buy” rating on Friday, February 12 by Needham. SunTrust initiated it with “Buy” rating and $12 target in Thursday, October 1 report. Needham maintained the stock with “Hold” rating in Monday, September 18 report. Needham downgraded Photronics, Inc. (NASDAQ:PLAB) on Friday, November 11 to “Hold” rating. The company was initiated on Thursday, October 1 by RBC Capital Markets. Needham maintained the shares of PLAB in report on Friday, December 4 with “Buy” rating. The stock of Photronics, Inc. (NASDAQ:PLAB) has “Hold” rating given on Friday, November 11 by Stifel Nicolaus.

More important recent Photronics, Inc. (NASDAQ:PLAB) news were published by: Streetinsider.com which released: “Form 4 PHOTRONICS INC For: Jan 02 Filed by: FIORITA JOSEPH A JR” on January 05, 2018, also Streetinsider.com published article titled: “Form 8-K PHOTRONICS INC For: Jan 18”, Streetinsider.com published: “Form 4 PHOTRONICS INC For: Jan 12 Filed by: FIORITA JOSEPH A JR” on January 18, 2018. More interesting news about Photronics, Inc. (NASDAQ:PLAB) was released by: Streetinsider.com and their article: “PHOTRONICS, INC.” with publication date: January 17, 2018.

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