Photronics (PLAB, Financial), a prominent player in the semiconductor industry, experienced a significant stock price increase, rising 5% to $25.20 per share, with a trading volume of 275,948 shares and a turnover rate of 0.44%. The stock's price volatility reached 3.13%.
Recent financial results reveal Photronics generated $211 million in revenue, achieving a net profit of $34.39 million and earnings per share (EPS) of $0.56. The company reported a gross profit of $75.14 million and a price-to-earnings (P/E) ratio of 11.09. Currently, no institutional ratings suggest whether to buy, hold, or sell the stock.
Within the semiconductor sector, the overall growth was 1.55%. Noteworthy performers besides Photronics included Arteris, Inc., GlobalFoundries, and Rambus, which saw substantial gains. Other active stocks were Astera Labs, Inc., Peraso Inc., and Wolfspeed, Inc., with turnover rates of 6.90%, 5.59%, and 3.96%, respectively. Significant stock price fluctuations were noted in companies like Arteris, Inc., GlobalFoundries, and others.
Photronics specializes in manufacturing photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. These are essential components in the production of integrated circuits and flat panel displays. The majority of their revenue comes from products designed for integrated circuit production, with the remainder from flat panel display products. The company operates assets in Taiwan, South Korea, and the United States, generating significant revenue from Asia, particularly.
