DA Davidson Has Weak Estimate for Photronics FY2025 Earnings

Photronics, Inc. (NASDAQ:PLAB) – DA Davidson dropped their FY2025 earnings per share estimates for shares of Photronics in a research report issued to clients and investors on Thursday, February 27th. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will post earnings per share of $2.00 for the year, down from their previous estimate of $2.30. 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 $2.30 per share.

Photronics Stock Up 1.4 %

NASDAQ:PLAB opened at $20.16 on Monday. The stock’s 50 day moving average price is $22.95 and its 200 day moving average price is $23.80. The company has a market capitalization of $1.28 billion, a PE ratio of 9.65 and a beta of 1.37. Photronics has a 52-week low of $19.61 and a 52-week high of $31.60.

Photronics (NASDAQ:PLAB) last issued its earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.05. The business had revenue of $212.14 million for the quarter, compared to analyst estimates of $210.00 million. Photronics had a return on equity of 9.10% and a net margin of 15.07%. During the same quarter last year, the company earned $0.48 EPS.

Insider Buying and Selling

In other Photronics news, SVP Han Kyung Park sold 11,250 shares of Photronics stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $24.63, for a total value of $277,087.50. Following the transaction, the senior vice president now directly owns 118,000 shares in the company, valued at approximately $2,906,340. This trade represents a 8.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kang Jyh Lee sold 8,750 shares of Photronics stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $24.40, for a total value of $213,500.00. Following the completion of the transaction, the chief executive officer now owns 572,100 shares in the company, valued at $13,959,240. This trade represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 199,000 shares of company stock worth $4,878,810 in the last quarter. 3.20% of the stock is owned by insiders.

Institutional Trading of Photronics

A number of institutional investors have recently modified their holdings of PLAB. Creative Planning purchased a new stake in shares of Photronics in the third quarter valued at approximately $250,000. Nisa Investment Advisors LLC raised its holdings in Photronics by 65.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 567 shares during the last quarter. US Bancorp DE raised its holdings in Photronics by 137.2% during the third quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 701 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Photronics by 21.9% during the third quarter. Farther Finance Advisors LLC now owns 5,930 shares of the semiconductor company’s stock worth $147,000 after purchasing an additional 1,066 shares during the last quarter. Finally, Easterly Investment Partners LLC raised its holdings in Photronics by 17.8% during the third quarter. Easterly Investment Partners LLC now owns 411,188 shares of the semiconductor company’s stock worth $10,181,000 after purchasing an additional 62,201 shares during the last quarter. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

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.