Photronics, Inc (NASDAQ: PLAB) is 2.80% higher on its value in year-to-date trading and has touched a low of $20.25 and a high of $34.16 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PLAB stock was last observed hovering at around $24.47 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $24.22, the stock is -2.52% and -1.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.35 million and changing -1.02% at the moment leaves the stock -4.23% off its SMA200. PLAB registered -18.09% loss for a year compared to 6-month loss of -6.12%. The firm has a 50-day simple moving average (SMA 50) of $24.6816 and a 200-day simple moving average (SMA200) of $25.2899.
The stock witnessed a -4.08% gain in the last 1 month and extending the period to 3 months gives it a 1.17%, and is 2.80% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.07% over the week and 4.27% over the month.
Photronics, Inc (PLAB) has around 1878 employees, a market worth around $1.53B and $866.95M in sales. Current P/E ratio is 11.56 and Fwd P/E is 10.53. Profit margin for the company is 15.07%. Distance from 52-week low is 19.59% and -29.10% from its 52-week high. The company has generated returns on investments over the last 12 months (11.63%).
The EPS is expected to grow by 2.44% this year
370.0 institutions hold shares in Photronics, Inc (PLAB), with institutional investors hold 93.49% of the company’s shares. The shares outstanding are 61.95M, and float is at 61.03M with Short Float at 4.06%. Institutions hold 90.02% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 10.17 million shares valued at $250.8 million. The investor’s holdings represent 16.4576 of the PLAB Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.82 million shares valued at $143.65 million to account for 9.4263 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 4.64 million shares representing 7.5169 and valued at over $114.55 million, while PACER ADVISORS, INC. holds 4.0195 of the shares totaling 2.48 million with a market value of $61.25 million.
Photronics, Inc (PLAB) Insider Activity
The most recent transaction is an insider sale by Park Han Kyung, the company’s SVP & GM of FPD Ops. SEC filings show that Park Han Kyung sold 11,250 shares of the company’s common stock on Jan 07 ’25 at a price of $24.63 per share for a total of $0.28 million. Following the sale, the insider now owns 0.12 million shares.
Photronics, Inc disclosed in a document filed with the SEC on Jan 06 ’25 that Park Han Kyung (SVP & GM of FPD Ops) sold a total of 11,250 shares of the company’s common stock. The trade occurred on Jan 06 ’25 and was made at $24.29 per share for $0.27 million. Following the transaction, the insider now directly holds 0.13 million shares of the PLAB stock.
Still, SEC filings show that on Jan 03 ’25, FIEDEROWICZ WALTER M (Director) disposed off 10,000 shares at an average price of $24.13 for $0.24 million. The insider now directly holds 32,000 shares of Photronics, Inc (PLAB).
