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The Latest Breaking News from PLAB

5 Hidden Chip Stocks to Buy Before the Spending Boom

The U.S. government is ramping up expenditure in the semiconductor sector to compete with China, which is expected to bolster the industry’s prospects. Moreover, given the growing chip market, we think it might be the right time to buy hidden chip stocks Texas Instruments (TXN), Cirrus Logic (CRUS), Photronics (PLAB),…

The CHIPS Act Could Send These 3 Stocks Soaring

The CHIPS Act Could Send These 3 Stocks Soaring

The Senate is expected to pass the much-awaited CHIPS Act this week. The $52 billion funding aims to bolster domestic manufacturing and incentivize investment in this sector. The potential passage of this bill can propel quality semiconductor stocks Intel (INTC), United Microelectronics (UMC), and Photronics (PLAB) to soar higher. Let’s…

3 Strong Stocks That Are Bucking The Downward Trend

3 Strong Stocks That Are Bucking The Downward Trend

Growing concerns over the multi-decade high inflation and the Fed’s tighter monetary policy have kept the stock market under tremendous pressure lately. Furthermore, analysts are raising the odds of the economy sliding into a recession. Amid this environment, it could be wise to invest in fundamentally sound stocks, Adams Resource…

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3 Red-Hot Tech Stocks to Buy and Watch

The acceleration in digital transformation across industries has been a significant tailwind for tech companies amid the pandemic. Although the Fed tightening monetary policy has kept the tech sector under pressure, analysts are bullish on its long-term prospects. Thus, we think fundamentally strong tech stocks Fair Isaac (FICO), ON Semiconductor…

3 Small-Cap Tech Stocks to Buy Right Now

Despite a massive tech sell-off on concerns over rising interest rates and a potential recession, the sector is poised to grow, given the continued digitization and increasing tech dependence. Therefore, we think it could be wise to invest in small-cap tech stocks PCTEL (PCTI), Photronics (PLAB), and Xperi Holding (XPER),…

Why Photronics Shares Are Surging Today

Photronics, Inc (NASDAQ:PLAB) reported second-quarter FY22 revenue growth of 28% year-on-year to $204.5 million, beating the consensus of $192.4 million. Segments: Integrated circuit (IC) revenue grew 30% Y/Y to $145.8 million. Flat-panel display (FPD) revenue increased 23% Y/Y to $58.7 million. Margin: The gross margin expanded by 1,140 bps to 36%. The operating margin expanded…

3 Under-the-Radar Tech Stocks to Add to Your Portfolio This Month

The technology sector has witnessed an aggressive market sell-off since the beginning of the year, largely due to the Fed's hawkish stance. However, strong corporate earnings and increasing investments in tech upgrades should help the sector rebound quickly. Therefore, under-the-radar tech stocks Progress Software (PRGS), Rimini Street, Inc. (RMNI), and…

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Stifel Upgrades Rating to Buy for Photronics, Raises Price Target To $21

Stifel Upgrades Rating to Buy for Photronics, Raises Price Target To $21

Stifel upgraded its rating of Photronics (NASDAQ:PLAB) to Buy with a price target of $21.00, changing its price target from $19.00 to $21.00. Shares of Photronics are trading up 4.48% over the last 24 hours, at $15.16 per share.

Photronics Stock Gains On Q1 Beat, Solid Q2 Outlook

Photronics Stock Gains On Q1 Beat, Solid Q2 Outlook

Photronics Inc (NASDAQ:PLAB) reported first-quarter FY22 revenue growth of 25% year-on-year to $189.8 million, beating the consensus of $183.1 million. Segments: Integrated circuit (IC) revenue grew 24% Y/Y to $129.8 million. Flat-panel display (FPD) revenue increased 27% Y/Y to $60.1 million. Margin: The gross margin expanded by 1,146 bps to 31.5%. EPS of $0.38 beat…

Recap: Photronics Q1 Earnings

Recap: Photronics Q1 Earnings

Photronics (NASDAQ:PLAB) reported its Q1 earnings results on Wednesday, February 23, 2022 at 06:00 AM. Here's what investors need to know about the announcement.

4 Buy the Dip Semiconductor Stocks That Offer Growth and Value

4 Buy the Dip Semiconductor Stocks That Offer Growth and Value

The global semiconductor industry achieved unprecedented growth last year thanks to hefty private capital investments and government funding. Because this trend is expected to continue in 2022, we think it could be profitable to invest in the semiconductor stocks Micron Technology (MU), Diodes (DIOD), Silicon Motion (SIMO), and Photronics (PLAB).…

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