Latest news with #GeorgeMacricostas
Yahoo
13-07-2025
- Business
- Yahoo
Craig-Hallum Remains Bullish on Photronics (PLAB)
Photronics, Inc. (NASDAQ:PLAB) is one of the best cheap stocks with huge upside potential. In a report released on July 1, Christian Schwab from Craig-Hallum maintained a Buy rating on Photronics, Inc. (NASDAQ:PLAB). An engineer manipulating a complex circuit board that will be used in flat panel displays. The company also recently announced a transition in leadership, with Dr. Frank Lee stepping down from his role as the company's CEO while retaining his position as Chairman and President of Photronics' PDMC subsidiary in Taiwan. Mr. George Macricostas took the role of the new CEO of Photronics, Inc. (NASDAQ:PLAB) while remaining Chairman of the Board. The company reported $211.0 million in revenue in fiscal Q2 2025, down 3% year-over-year and 1% sequentially. Photronics, Inc. (NASDAQ:PLAB) expects revenue for fiscal Q3 to be in the $200 million and $208 million range, and net income attributable to shareholders to be between $0.35 and $0.41 per diluted share. Photronics, Inc. (NASDAQ:PLAB) provides photomasks, which are glass or quartz plates with microscopic images of electronic circuits and are used for the fabrication of flat-panel displays and integrated circuits. While we acknowledge the potential of PLAB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
28-05-2025
- Business
- Yahoo
Why Photronics (PLAB) Shares Are Plunging Today
Shares of semiconductor photomask manufacturer Photronics (NASDAQ:PLAB) fell 13.2% in the morning session after the company reported weak first-quarter 2025 (fiscal Q2) results: Its revenue guidance for the next quarter missed, and its EPS fell short of Wall Street's estimates. The slowdown showed up in both key areas like chip and display masks, which dragged revenue down 3% from the previous year. Margins slipped a bit too, as lower factory usage and higher costs cut into gross profits. That hit the bottom line: EPS dropped and fell short of expectations. Looking ahead, the company expected revenue and profits to dip again, which won't do much to ease investor concerns. Overall, this quarter could have been better. Separately, Photronics announced a leadership change, with George Macricostas stepping in as CEO after Frank Lee stepped down. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Photronics? Access our full analysis report here, it's free. Photronics's shares are quite volatile and have had 15 moves greater than 5% over the last year. But moves this big are rare even for Photronics and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was 6 months ago when the stock gained 20.3% on the news that the company reported strong third-quarter results, which blew past analysts' EPS expectations, driven by revenue and profit outperformance vs Wall Street's estimates. The results marked a sharp rebound from the slower growth in the previous quarter. Revenue rose sequentially in the fourth quarter, fueled by stronger sales of Integrated Circuits (ICs) and Flat Panel Displays (FPDs). Notably, IC sales surged in the United States, while demand for FPDs showed steady growth across multiple regions. Guidance was also solid, with next quarter's revenue outlook ahead of expectations while EPS was in line, suggesting the improved trend will continue. Overall, we think this was a good quarter, especially considering some of the uneven recent earnings performance across the sector. Photronics is down 27.2% since the beginning of the year, and at $17.48 per share, it is trading 37.7% below its 52-week high of $28.06 from December 2024. Investors who bought $1,000 worth of Photronics's shares 5 years ago would now be looking at an investment worth $1,528. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Yahoo
28-05-2025
- Business
- Yahoo
Why Photronics (PLAB) Shares Are Plunging Today
Shares of semiconductor photomask manufacturer Photronics (NASDAQ:PLAB) fell 13.2% in the morning session after the company reported weak first-quarter 2025 (fiscal Q2) results: Its revenue guidance for the next quarter missed, and its EPS fell short of Wall Street's estimates. The slowdown showed up in both key areas like chip and display masks, which dragged revenue down 3% from the previous year. Margins slipped a bit too, as lower factory usage and higher costs cut into gross profits. That hit the bottom line: EPS dropped and fell short of expectations. Looking ahead, the company expected revenue and profits to dip again, which won't do much to ease investor concerns. Overall, this quarter could have been better. Separately, Photronics announced a leadership change, with George Macricostas stepping in as CEO after Frank Lee stepped down. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Photronics? Access our full analysis report here, it's free. Photronics's shares are quite volatile and have had 15 moves greater than 5% over the last year. But moves this big are rare even for Photronics and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was 6 months ago when the stock gained 20.3% on the news that the company reported strong third-quarter results, which blew past analysts' EPS expectations, driven by revenue and profit outperformance vs Wall Street's estimates. The results marked a sharp rebound from the slower growth in the previous quarter. Revenue rose sequentially in the fourth quarter, fueled by stronger sales of Integrated Circuits (ICs) and Flat Panel Displays (FPDs). Notably, IC sales surged in the United States, while demand for FPDs showed steady growth across multiple regions. Guidance was also solid, with next quarter's revenue outlook ahead of expectations while EPS was in line, suggesting the improved trend will continue. Overall, we think this was a good quarter, especially considering some of the uneven recent earnings performance across the sector. Photronics is down 27.2% since the beginning of the year, and at $17.48 per share, it is trading 37.7% below its 52-week high of $28.06 from December 2024. Investors who bought $1,000 worth of Photronics's shares 5 years ago would now be looking at an investment worth $1,528. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
