Photronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, Korea, Europe, China, and internationally. The company offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, FDP substrates, and other types of electrical and optical components. It sells its products to semiconductor and FPD manufacturers, designers, and foundries, as well as to other high-performance electronics manufacturers through its sales personnel and customer service representatives. The company was formerly known as Photronic Labs, Inc. and changed its name to Photronics, Inc. in 1990. Photronics, Inc. was founded in 1969 and is based in Brookfield, Connecticut.
IPO Year: 1987
Exchange: NASDAQ
Website: photronics.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/22/2023 | Outperform → Market Perform | Northland Capital | |
| 4/11/2022 | $19.00 → $21.00 | Hold → Buy | Stifel |
BROOKFIELD, Conn., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, announced today that Christopher J. Lutzo has joined the company as Vice President, General Counsel and Corporate Secretary and has become a member of the Company's executive leadership team. Lutzo will lead all aspects of Photronics' legal function, providing support for its global operations and growth initiatives, as well as overseeing the company's corporate governance, compliance, and risk management programs. Frank Lee, CEO of Photronics, commented, "We are pleased Chris joined Photronics; his extensive expertise in aligning legal functions
BROOKFIELD, Conn., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today reported financial results for its third quarter of fiscal year 2024 ended July 28, 2024. "Market softness in some segments during the quarter impacted photomask demand, reducing both IC and FPD revenue," said Frank Lee, chief executive officer. "The photomask demand recovery that started to take shape early in the third quarter slowed during the period due to select regional and end-use customer order patterns. This was combined with broader customer focus on rising semiconductor channel inventory that limited chip design activity through
BROOKFIELD, Conn., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to announce financial results for the third quarter of fiscal 2024 on Thursday, August 29, 2024, before the market opens. Photronics will host a public conference call the same day at 8:30 a.m. Eastern time. During the call, company management will respond to questions concerning, but not limited to, the company's financial performance, business conditions, and industry outlook. Some responses may contain information not previously disclosed. The call will be broadcast live and on-demand on the Events and Presentations link on the Ph
BROOKFIELD, Conn., May 22, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today reported financial results for its second quarter of fiscal year 2024 ended April 28, 2024. "Second quarter revenue and gross margin were in line with the first quarter as positive seasonality trends were offset by business headwinds primarily related to temporary soft demand following the Chinese New Year holiday and the impact from earthquakes in Taiwan beginning in early April," said Frank Lee, chief executive officer. "Order rates, which typically pause during Lunar New Year, have recovered at a slower rate than we typically observe. I
BROOKFIELD, Conn., May 08, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to announce financial results for the second quarter of fiscal 2024 on Wednesday, May 22, 2024, before the market opens. Photronics will host a public conference call the same day at 8:30 a.m. Eastern time. During the call, company management will respond to questions concerning, but not limited to, the company's financial performance, business conditions, and industry outlook. Some responses may contain information not previously disclosed. The call will be broadcast live and on-demand on the Events and Presentations link on the Phot
BROOKFIELD, Conn., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today reported financial results for its first quarter of fiscal year 2024 ended January 28, 2024. "First quarter revenue increased year-over-year even though typically lower seasonal demand was weaker than anticipated, especially in the beginning of the quarter. Order rates improved through the quarter, continuing into second quarter," said Frank Lee, chief executive officer. "High-end IC revenue increased both sequentially and year-over-year, primarily in 22nm and 28nm nodes, as customers continue migration to these nodes for improved performan
BROOKFIELD, Conn., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to announce financial results for the first quarter of fiscal 2024 on Wednesday, February 21, 2024, before the market opens. Photronics will host a public conference call the same day at 8:30 a.m. Eastern time. During the call, company management will respond to questions concerning, but not limited to, the company's financial performance, business conditions, and industry outlook. Some responses may contain information not previously disclosed. The call will be broadcast live and on-demand on the Events and Presentations link on the
BROOKFIELD, Conn., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today announced that John Jordan, executive vice president and chief financial officer, has decided to retire. Mr. Jordan, who has served as CFO since he joined the company in 2017, will retire February 23, 2024. "On behalf of the Board of Directors, I would like to thank John for his many contributions over the last six years," said Frank Lee, chief executive officer. "He helped us navigate a global expansion of our manufacturing footprint and managed the implementation of our capital allocation strategy as we have profitably grown during hi
BROOKFIELD, Conn., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today reported financial results for its full year and fourth quarter of fiscal year 2023 ended October 31, 2023. "We delivered our sixth consecutive year of record revenue with growth in fourth quarter amidst a prolonged industry downturn," said Frank Lee, chief executive officer. "Fourth quarter and full year revenue increased 8% year-over-year, and fourth quarter increased 1% sequentially. Both IC and FPD increased, as demand for our design-driven products remained strong. Operating expenses were lower sequentially, partially offsetting lowe
BROOKFIELD, Conn., Dec. 04, 2023 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to announce financial results for the fourth quarter of fiscal 2023 on Wednesday, December 13, 2023, before the market opens. Photronics will host a public conference call the same day at 8:30 a.m. Eastern time. During the call, company management will respond to questions concerning, but not limited to, the company's financial performance, business conditions, and industry outlook. Some responses may contain information not previously disclosed. The call will be broadcast live and on-demand on the Events and Presentations link on th
Northland Capital downgraded Photronics from Outperform to Market Perform
Stifel upgraded Photronics from Hold to Buy and set a new price target of $21.00 from $19.00 previously
Stifel Nicolaus resumed coverage of Photronics with a rating of Hold and set a new price target of $13.00
Stifel Nicolaus downgraded Photronics from Buy to Hold
Stifel downgraded Photronics from Buy to Hold and set a new price target of $13.00
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BROOKFIELD, Conn., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to announce financial results for the third quarter of fiscal 2024 on Thursday, August 29, 2024, before the market opens. Photronics will host a public conference call the same day at 8:30 a.m. Eastern time. During the call, company management will respond to questions concerning, but not limited to, the company's financial performance, business conditions, and industry outlook. Some responses may contain information not previously disclosed. The call will be broadcast live and on-demand on the Events and Presentations link on the Ph
BROOKFIELD, Conn., May 08, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to announce financial results for the second quarter of fiscal 2024 on Wednesday, May 22, 2024, before the market opens. Photronics will host a public conference call the same day at 8:30 a.m. Eastern time. During the call, company management will respond to questions concerning, but not limited to, the company's financial performance, business conditions, and industry outlook. Some responses may contain information not previously disclosed. The call will be broadcast live and on-demand on the Events and Presentations link on the Phot
BROOKFIELD, Conn., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to announce financial results for the first quarter of fiscal 2024 on Wednesday, February 21, 2024, before the market opens. Photronics will host a public conference call the same day at 8:30 a.m. Eastern time. During the call, company management will respond to questions concerning, but not limited to, the company's financial performance, business conditions, and industry outlook. Some responses may contain information not previously disclosed. The call will be broadcast live and on-demand on the Events and Presentations link on the
BROOKFIELD, Conn., Dec. 04, 2023 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to announce financial results for the fourth quarter of fiscal 2023 on Wednesday, December 13, 2023, before the market opens. Photronics will host a public conference call the same day at 8:30 a.m. Eastern time. During the call, company management will respond to questions concerning, but not limited to, the company's financial performance, business conditions, and industry outlook. Some responses may contain information not previously disclosed. The call will be broadcast live and on-demand on the Events and Presentations link on th
BROOKFIELD, Conn., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to announce financial results for the third quarter of fiscal 2023 on Wednesday, September 6, 2023, before the market opens. Photronics will host a public conference call the same day at 8:30 a.m. Eastern time. During the call, company management will respond to questions concerning, but not limited to, the company's financial performance, business conditions and industry outlook. Some responses may contain information not previously disclosed. The call will be broadcast live and on-demand on the Events and Presentations link on the
BROOKFIELD, Conn., May 10, 2023 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to announce financial results for the second quarter of fiscal 2023 on Wednesday, May 24, 2023, before the market opens. Photronics will host a public conference call the same day at 8:30 a.m. Eastern time. During the call, company management will respond to questions concerning, but not limited to, the company's financial performance, business conditions and industry outlook. Some responses may contain information not previously disclosed. The call will be broadcast live and on-demand on the Events and Presentations link on the Photr
BROOKFIELD, Conn., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to announce financial results for the first quarter of fiscal 2023 on Wednesday, February 22, 2023, before the market opens. Photronics will host a public conference call the same day at 8:30 a.m. Eastern time. During the call, company management will respond to questions concerning, but not limited to, the company's financial performance, business conditions and industry outlook. Some responses may contain information not previously disclosed. The call will be broadcast live and on-demand on the Events and Presentations link on the
BROOKFIELD, Conn., Dec. 13, 2022 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today reported financial results for its fiscal 2022 full year and fourth quarter ended October 31, 2022. "We posted a solid finish to a great year, achieving record revenue for the fifth consecutive year as demand for our design-driven products remained strong and our entire team performed well," said Frank Lee, chief executive officer. "In the quarter, IC was soft, primarily due to lower high-end logic demand from foundries in Asia. High-end FPD also declined as panel makers of premium smart phones are focused on producing new products and have
BROOKFIELD, Conn., Nov. 29, 2022 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to announce financial results for the fourth quarter of fiscal 2022 on Tuesday, December 13, 2022, before the market opens. Photronics will host a public conference call the same day at 8:30 a.m. Eastern time. During the call, company management will respond to questions concerning, but not limited to, the company's financial performance, business conditions and industry outlook. Some responses may contain information not previously disclosed. The call will be broadcast live and on-demand on the Events and Presentations link on the
BROOKFIELD, Conn., Aug. 10, 2022 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to announce financial results for the third quarter of fiscal 2022 on Tuesday, August 30, 2022 before the market opens. Photronics will host a public conference call the same day at 8:30 a.m. Eastern time. During the call, company management will respond to questions concerning, but not limited to, the company's financial performance, business conditions and industry outlook. Some responses may contain information not previously disclosed. The call will be broadcast live and on-demand on the "Investors" section of the Photronics webs
BROOKFIELD, Conn., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today announced that John Jordan, executive vice president and chief financial officer, has decided to retire. Mr. Jordan, who has served as CFO since he joined the company in 2017, will retire February 23, 2024. "On behalf of the Board of Directors, I would like to thank John for his many contributions over the last six years," said Frank Lee, chief executive officer. "He helped us navigate a global expansion of our manufacturing footprint and managed the implementation of our capital allocation strategy as we have profitably grown during hi
Gainers Broadcom (NASDAQ:AVGO) stock rose 9.6% to $1638.5 during Wednesday's after-market session. The company's market cap stands at $759.3 billion. The company's, Q2 earnings came out today. Telos (NASDAQ:TLS) shares rose 4.9% to $4.28. The company's market cap stands at $307.1 million. My Size (NASDAQ:MYSZ) shares moved upwards by 4.4% to $3.08. The market value of their outstanding shares is at $2.7 million. Maxeon Solar Technologies (NASDAQ:MAXN) shares increased by 4.32% to $1.69. The market value of their outstanding shares is at $92.7 million. Ondas Holdings (NASDAQ:ONDS) shares rose 4.08% to $0.9. The company's market cap stands at $59.6 million. Evolv Technologies (NASDAQ:EVL
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Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today announced that Eric Rivera, has been promoted to chief financial officer, effective immediately. Eric previously held the role of interim CFO since February 2024 and served as chief accounting officer since 2020.
Gainers Photronics (NASDAQ:PLAB) stock rose 6.1% to $28.0 during Friday's after-market session. The market value of their outstanding shares is at $1.7 billion. As per the press release, Q2 earnings came out 2 days ago. CommScope Hldg Co (NASDAQ:COMM) shares increased by 5.17% to $1.22. The market value of their outstanding shares is at $258.9 million. Comtech Telecom (NASDAQ:CMTL) shares moved upwards by 3.8% to $2.29. The company's market cap stands at $65.3 million. SMX (Security Matters) (NASDAQ:SMX) stock moved upwards by 3.22% to $0.2. The company's market cap stands at $7.9 million. MicroAlgo (NASDAQ:MLGO) stock rose 2.7% to $1.9. The company's market cap stands at $14.4 million.
Shares of XP Inc. (NASDAQ:XP) fell sharply during Wednesday's session after the company reported worse-than-expected first-quarter EPS results. XP posted quarterly earnings of 37 cents per share, missing market estimates of 40 cents per share. The company's quarterly sales came in at $818.79 million versus expectations of $784.08 million, according to data from Benzinga Pro. XP shares dipped 11.5% to $18.99 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Akoustis Technologies, Inc. (NASDAQ:AKTS) shares climbed 213.3% to $0.4254 after the company reportedly floated the probability of bankruptcy after losing a lawsuit against Qorvo. Barnes
Photronics, Inc. (NASDAQ:PLAB) shares are trading lower on Wednesday. The company reported second-quarter adjusted earnings per share of 46 cents, missing the Wall Street view of 55 cents. Photronics reported quarterly revenues of $217.0 million, down 5% year-over-year. Sales missed the analyst consensus of $231 million. “Order rates, which typically pause during Lunar New Year, have recovered at a slower rate than we typically observe,” flagged Frank Lee, chief executive officer. IC revenue was $160.9 million, down 4% year-over-year. FPD revenue was $56.1 million, down 10% from the same quarter last year. “In addition, the recent earthquakes in Taiwan caused a loss of prod
Gainers Akoustis Technologies (NASDAQ:AKTS) shares rose 171.0% to $0.37 during Wednesday's pre-market session. The market value of their outstanding shares is at $36.8 million. WiSA Technologies (NASDAQ:WISA) shares moved upwards by 16.26% to $2.86. The market value of their outstanding shares is at $13.3 million. As per the news, the Q1 earnings report came out yesterday. Signing Day Sports (AMEX:SGN) shares rose 15.08% to $0.35. The market value of their outstanding shares is at $4.6 million. Ascent Solar Technologies (NASDAQ:ASTI) shares rose 11.31% to $0.12. The company's market cap stands at $3.7 million. Actelis Networks (NASDAQ:ASNS) stock increased by 9.43% to $0.58. The company
Photronics (NASDAQ:PLAB) reported quarterly earnings of $0.46 per share which missed the analyst consensus estimate of $0.55 by 16.36 percent. This is a 14.81 percent decrease over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $217.00 million which missed the analyst consensus estimate of $231.00 million by 6.06 percent. This is a 5.37 percent decrease over sales of $229.31 million the same period last year.