05-07-2025
Craig-Hallum Sticks to Their Buy Rating for Photronics (PLAB)
In a report released on July 1, Christian Schwab from Craig-Hallum maintained a Buy rating on Photronics. The company's shares closed last Thursday at $20.26.
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Schwab covers the Technology sector, focusing on stocks such as Marvell, Adtran, and PDF Solutions. According to TipRanks, Schwab has an average return of 13.2% and a 58.04% success rate on recommended stocks.
Photronics has an analyst consensus of Moderate Buy, with a price target consensus of $30.00.
Based on Photronics' latest earnings release for the quarter ending May 4, the company reported a quarterly revenue of $210.99 million and a net profit of $8.86 million. In comparison, last year the company earned a revenue of $217 million and had a net profit of $36.25 million
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PLAB in relation to earlier this year. Earlier this month, Constantine Macricostas, a Director at PLAB sold 29,500.00 shares for a total of $595,900.00.
