Is Photronics Stock a Good Investment?

Photronics Investment Advice

PLAB

To provide specific investment advice or recommendations on Photronics stock, we recommend investors consider the following general factors when evaluating Photronics. This will help you to make an informed decision on whether to include Photronics in one of your diversified portfolios:

Examine Photronics' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
Research Photronics' leadership team and their track record. Good management can help Photronics navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
Consider the overall health of the Semiconductors & Semiconductor Equipment space and any emerging trends that could impact Photronics' business and its evolving consumer preferences.
Compare Photronics' performance and market position to its competitors. Analyze how Photronics is positioned in terms of product offerings, innovation, and market share.
Check if Photronics pays a dividend and its dividend yield and payout ratio.
Review what financial analysts are saying about Photronics' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.

It's important to note that investing in Photronics stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Photronics is a good investment.

Sell

Buy

Cautious Hold

Our recommendation module complements current analysts and expert consensus on Photronics. It analyzes the company potential to grow using all fundamental, technical, and market related data available at the time. To make sure Photronics is not overpriced, please check all Photronics fundamentals, including its gross profit, cash per share, and the relationship between the price to sales and net income . Given that Photronics has a price to earning of 38.22 X, we recommend you to check out Photronics market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your recent risk tolerance and investing horizon.

Market Performance	Insignificant	Details
Volatility	Very steady	Details
Hype Condition	Low key	Details
Current Valuation	Undervalued	Details
Odds Of Distress	Very Small	Details
Economic Sensitivity	Actively responds to the market	Details
Investor Sentiment	Impartial	Details
Analyst Consensus	Strong Buy	Details
Financial Strenth (F Score)	Strong	Details
Financial Leverage	Not Rated	Details
Reporting Quality (M-Score)	Possible Manipulator	Details

Examine Photronics Stock

Researching Photronics' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 90.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.48. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Photronics had not issued any dividends in recent years. The entity had 2:1 split on the 2nd of December 1997.

To determine if Photronics is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Photronics' research are outlined below:

	Photronics is unlikely to experience financial distress in the next 2 years
	Photronics has a strong financial position based on the latest SEC filings
	Over 90.0% of the company shares are owned by institutional investors
	Latest headline from news.google.com: Pacer Advisors Inc. Sells 108,180 Shares of Photronics, Inc. - MarketBeat

Photronics Quarterly Liabilities And Stockholders Equity

1.65 Billion

Photronics uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Photronics. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Photronics' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.

	19th of February 2024 Upcoming Quarterly Report	View
	22nd of May 2024 Next Financial Report	View
	31st of January 2024 Next Fiscal Quarter End	View
	11th of December 2024 Next Fiscal Year End	View
	31st of October 2023 Last Quarter Report	View
	31st of October 2023 Last Financial Announcement	View

Earnings surprises can significantly impact Photronics' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Photronics' investors have experienced.

Reported	Fiscal Date	Estimated EPS	Reported EPS	Surprise
2015-02-17	2015-01-31	0.06	0.07	0.01	16
2014-02-18	2014-01-31	0.05	0.04	-0.01	20
2013-12-10	2013-10-31	0.08	0.09	0.01	12
2013-05-14	2013-04-30	0.09	0.08	-0.01	11
2009-12-08	2009-10-31	-0.06	-0.07	-0.01	16
2007-08-15	2007-07-31	0.04	0.05	0.01	25
1999-05-19	1999-04-30	0.1	0.09	-0.01	10
2021-02-24	2021-01-31	0.11	0.13	0.02	18

Know Photronics' Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Photronics is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Photronics backward and forwards among themselves. Photronics' institutional investor refers to the entity that pools money to purchase Photronics' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.

		Shares
Charles Schwab Investment Management Inc	2024-09-30	967 K
Goldman Sachs Group Inc	2024-06-30	940.3 K
T. Rowe Price Associates, Inc.	2024-06-30	938.4 K
Needham Investment Management, Llc	2024-09-30	762.5 K
Royce & Associates, Lp	2024-09-30	746.6 K
Clearbridge Advisors, Llc	2024-09-30	720.4 K
Boston Partners Global Investors, Inc	2024-09-30	550.2 K
Victory Capital Management Inc.	2024-09-30	530.4 K
Bank Of New York Mellon Corp	2024-06-30	512 K
Blackrock Inc	2024-06-30	10.2 M
Vanguard Group Inc	2024-09-30	5.8 M

Note, although Photronics' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Photronics' market capitalization trends

The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.58 B.

Market Cap

928.24 Million

Photronics' profitablity analysis

	Last Reported	Projected for Next Year
Return On Tangible Assets	0.09	0.10
Return On Capital Employed	0.22	0.23
Return On Assets	0.09	0.10
Return On Equity	0.15	0.16

The company has Profit Margin (PM) of 0.16 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.25 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.25.

Determining Photronics' profitability involves analyzing its financial statements and using various financial metrics to determine if Photronics is a good buy. For example, gross profit margin measures Photronics' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Photronics' profitability and make more informed investment decisions.

Photronics' Earnings Breakdown by Geography

Please note, the presentation of Photronics' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Photronics' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Photronics' management manipulating its earnings.

Evaluate Photronics' management efficiency

Photronics has return on total asset (ROA) of 0.0915 % which means that it generated a profit of $0.0915 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1552 %, meaning that it created $0.1552 on every $100 dollars invested by stockholders. Photronics' management efficiency ratios could be used to measure how well Photronics manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.1. The current year's Return On Capital Employed is expected to grow to 0.23. At present, Photronics' Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 948.4 M, whereas Non Current Assets Total are forecasted to decline to about 446 M.

	Last Reported	Projected for Next Year
Book Value Per Share	18.78	19.72
Tangible Book Value Per Share	18.78	19.72
Enterprise Value Over EBITDA	1.67	2.99
Price Book Value Ratio	1.32	1.79
Enterprise Value Multiple	1.67	2.99
Price Fair Value	1.32	1.79
Enterprise Value	634.4 M	666.2 M

Evaluating the management effectiveness of Photronics allows investors to assess its financial health and operational efficiency. Coupled with an analysis of its growth prospects and the current market dynamics, we evaluate the stock's true value and future potential. Key indicators such as revenue, earnings or debt levels are examined alongside external factors like economic trends and regulatory changes. The Photronics Stock analysis seeks to determine whether the stock is undervalued, appropriately priced, or overvalued, thereby guiding your investment decisions.

Beta

1.403

Basic technical analysis of Photronics Stock

As of the 25th of November, Photronics holds the Semi Deviation of 2.35, coefficient of variation of 2784.28, and Risk Adjusted Performance of 0.0342. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Photronics, as well as the relationship between them.

Photronics' insider trading activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Photronics insiders, such as employees or executives, is commonly permitted as long as it does not rely on Photronics' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Photronics insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

		Tyson Mitchell G over three weeks ago Acquisition by Tyson Mitchell G of 15000 shares of Photronics subject to Rule 16b-3
		Eric Rivera over a month ago Acquisition by Eric Rivera of 25000 shares of Photronics subject to Rule 16b-3
		Wang Hsueh-chun over a month ago Insider Trading
		Burr Richelle E over two months ago Acquisition by Burr Richelle E of 1864 shares of Photronics at 11.399 subject to Rule 16b-3
		Macricostas Constantine S over six months ago Acquisition by Macricostas Constantine S of 15000 shares of Photronics subject to Rule 16b-3
		Walter Fiederowicz over six months ago Acquisition by Walter Fiederowicz of 15000 shares of Photronics subject to Rule 16b-3
		Lewis Adam M over six months ago Disposition of tradable shares by Lewis Adam M of Photronics subject to Rule 16b-3
		Mitchell Tyson over a year ago Sale by Mitchell Tyson of 2000 shares of Photronics

Photronics' Outstanding Corporate Bonds

Photronics issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Photronics uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Photronics bonds can be classified according to their maturity, which is the date when Photronics has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

	Dana 575 percent Corp Bond US235822AB96	View
	Boeing Co 2196 Corp Bond US097023DG73	View
	HSBC Holdings PLC Corp Bond US404280DR76	View
	MPLX LP 4875 Corp Bond US55336VAG59	View
	MPLX LP 52 Corp Bond US55336VAL45	View
	International Game Technology Corp Bond US460599AD57	View
	MGM Resorts International Corp Bond US552953CD18	View
	AerCap Global Aviation Corp Bond US00773HAA59	View

View All Photronics Corporate Bonds

Understand Photronics' technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing Photronics' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

	Risk Adjusted Performance	0.0342
	Market Risk Adjusted Performance	0.0476
	Mean Deviation	1.75
	Semi Deviation	2.35
	Downside Deviation	2.41
	Coefficient Of Variation	2784.28
	Standard Deviation	2.31
	Variance	5.32
	Information Ratio	(0.02)
	Jensen Alpha	(0.16)
	Total Risk Alpha	(0.29)
	Sortino Ratio	(0.02)
	Treynor Ratio	0.0376
	Maximum Drawdown	11.66
	Value At Risk	(3.85)
	Potential Upside	3.86
	Downside Variance	5.8
	Semi Variance	5.54
	Expected Short fall	(1.83)
	Skewness	(0.47)
	Kurtosis	1.28

	Risk Adjusted Performance	0.0342
	Market Risk Adjusted Performance	0.0476
	Mean Deviation	1.75
	Semi Deviation	2.35
	Downside Deviation	2.41
	Coefficient Of Variation	2784.28
	Standard Deviation	2.31
	Variance	5.32
	Information Ratio	(0.02)
	Jensen Alpha	(0.16)
	Total Risk Alpha	(0.29)
	Sortino Ratio	(0.02)
	Treynor Ratio	0.0376
	Maximum Drawdown	11.66
	Value At Risk	(3.85)
	Potential Upside	3.86
	Downside Variance	5.8
	Semi Variance	5.54
	Expected Short fall	(1.83)
	Skewness	(0.47)
	Kurtosis	1.28

Consider Photronics' intraday indicators

Photronics intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Photronics stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

	Accumulation Distribution	0.0271
	Daily Balance Of Power	0.6618
	Rate Of Daily Change	1.02
	Day Median Price	24.74
	Day Typical Price	24.79
	Market Facilitation Index	0.68
	Price Action Indicator	0.38
	Period Momentum Indicator	0.45
	Relative Strength Index	67.84

Photronics Corporate Filings

8K	21st of November 2024 Report filed with the SEC to announce major events that shareholders should know about	View Verify
F3	8th of October 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock	View Verify
F4	3rd of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify
10Q	5th of September 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations	View Verify

Photronics time-series forecasting models is one of many Photronics' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Photronics' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Photronics Stock media impact

Far too much social signal, news, headlines, and media speculation about Photronics that are available to investors today. That information is available publicly through Photronics media outlets and privately through word of mouth or via Photronics internal channels. However, regardless of the origin, that massive amount of Photronics data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.

A primary focus of Photronics news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Photronics relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Photronics' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Photronics alpha.

Photronics Sentiment by Major News Outlets

Investor sentiment, mood or attitude towards Photronics can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.

Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Photronics Historical Investor Sentiment

Investor biases related to Photronics' public news can be used to forecast risks associated with an investment in Photronics. The trend in average sentiment can be used to explain how an investor holding Photronics can time the market purely based on public headlines and social activities around Photronics. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Photronics' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Photronics and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Photronics news discussions. The higher the estimate score, the more favorable the investor's outlook on Photronics.

Photronics Corporate Management

KangJyh Lee	CEO Director	Profile
Richelle Esq	Chief VP	Profile
David Wang	US IC	Profile
Debbie Wierzbicki	Senior Control	Profile
H Park	Senior Operations	Profile

When determining whether Photronics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Photronics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Photronics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Photronics Stock: