Photronics Inc. (NASDAQ:PLAB) closed Friday at $18.37 per share, up from $18.26 a day earlier. While Photronics Inc. has overperformed by 0.60%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PLAB fell by -3.21%, with highs and lows ranging from $25.81 to $13.87, whereas the simple moving average jumped by 1.72% in the last 200 days.
On April 11, 2022, Stifel Upgraded Photronics Inc. (NASDAQ: PLAB) to Buy. A report published by Stifel on February 25, 2021, Downgraded its rating to ‘Hold’ for PLAB. Stifel also Upgraded PLAB shares as ‘Buy’, setting a target price of $13 on the company’s shares in a report dated September 11, 2020. Stifel June 22, 2020d the rating to Hold on June 22, 2020, and set its price target from $15 to $13. Stifel February 10, 2020d its ‘Hold’ rating to ‘Buy’ for PLAB, as published in its report on February 10, 2020. Northland Capital’s report from July 18, 2019 suggests a price prediction of $12 for PLAB shares, giving the stock a ‘Outperform’ rating. Stifel also rated the stock as ‘Hold’.
Analysis of Photronics Inc. (PLAB)
Further, the quarter-over-quarter increase in sales is 16.00%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Photronics Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 14.20% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.10, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and PLAB is recording an average volume of 592.00K. On a monthly basis, the volatility of the stock is set at 3.36%, whereas on a weekly basis, it is put at 2.20%, with a gain of 4.97% over the past seven days. Furthermore, long-term investors anticipate a median target price of $25.50, showing growth from the present price of $18.37, which can serve as yet another indication of whether PLAB is worth investing in or should be passed over.
How Do You Analyze Photronics Inc. Shares?
Photronics Inc. (PLAB) is based in the USA and is one of the most prominent companies operating in the Semiconductor Equipment & Materials market. When comparing Photronics Inc. shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 9.47, there is a growth in quarterly earnings of 85.70%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.80%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 93.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in PLAB shares?
The recent increase in stakes in PLAB appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in PLAB has decreased by -0.52% in the first quarter. The company now owns 9,302,432 shares of the stock, with a value of $156.56 million, following the sale of -48,574 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in PLAB during the first quarter, upping its stake by 4.27%. During the last quarter, the company dropped down 186,319 additional shares for a total stake of worth $76.54 million, bringing number of shares owned by the company to 4,547,784.
During the first quarter, Dimensional Fund Advisors LP subtracted a -72,452 position in PLAB. SSgA Funds Management, Inc. sold an additional 19487.0 shares in the last quarter, decreasing its holdings by -0.90%, now holding 2.15 million shares worth $36.23 million. At the end of the first quarter, Barrow, Hanley, Mewhinney & Strau decreased its PLAB holdings by -2.62% and now holds 1.86 million PLAB shares valued at $31.37 million with the lessened 50158.0 shares during the period. PLAB shares are owned by institutional investors to the tune of 93.50% at present.