PLAB Stock Recent News

Tech stocks have long been the darlings of the investment world. But recent shifts in market dynamics have brought several to trade at what can only be described as deep discounts.

The stock market makes companies rapidly gain value every day. However, when it comes to companies which increase as much as 10X over half a decade, there are a few common factors such as an innovative product, positive quarterly and annual growth, and earnings which regularly beat estimates.

The technology industry has been booming over the past year, and many are looking for semiconductor stocks to buy. Semiconductors have been a standout industry.

BROOKFIELD, Conn., May 28, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today announced that Eric Rivera, has been promoted to chief financial officer, effective immediately. Eric previously held the role of interim CFO since February 2024 and served as chief accounting officer since 2020.

Photronics (PLAB) second-quarter fiscal 2024 results reflect weakness in the IC and FPD segments due to the impact of the Taiwan earthquake and the Chinese New Year holiday.

Photronics Inc. (NASDAQ:PLAB ) Q2 2024 Earnings Conference Call May 22, 2024 8:30 AM ET Company Participants Frank Lee - Chief Executive Officer Eric Rivera - interim Chief Financial Officer, Chief Accounting Officer Chris Progler - Chief Technology Officer Richelle Burr - Executive Vice President, Chief Administrative Officer Conference Call Participants Linda Umwali - DA Davidson Eric Reckwood - [unknown firm] Operator Good day and thank you for standing by. Welcome to the Photronics second quarter 2024 earnings conference call.

BROOKFIELD, Conn., May 22, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today reported financial results for its second quarter of fiscal year 2024 ended April 28, 2024.

Photronics' (PLAB) second-quarter fiscal 2024 performance is likely to reflect strength in Integrated Circuit (IC) and Flat Panel Display (FPD) segments.

BROOKFIELD, Conn., May 08, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (Nasdaq:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to announce financial results for the second quarter of fiscal 2024 on Wednesday, May 22, 2024, before the market opens.

Photronics specializes in producing photomasks for the semiconductor and flat panel display manufacturing processes. The company saw slight sales growth year-over-year, but a dip in mainstream demand affected overall revenue. PLAB has solid operating performance, a positive cash flow, and reasonable valuation, making it a compelling buy.