Company profile

Ticker
PLAB
Exchange
CEO
Peter Scott Kirlin
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
60854886

PLAB stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

11 Mar 20
5 Jun 20
31 Oct 20

News

Company financial data Financial data

Quarter (USD) Feb 20 Oct 19 Jul 19 Apr 19
Revenue 159.74M 156.26M 138.11M 131.58M
Net income 10.3M 9.7M 6.35M 8.48M
Diluted EPS 0.16 0.15 0.1 0.13
Net profit margin 6.45% 6.21% 4.60% 6.44%
Operating income 16.3M 21.48M 13.4M 9.2M
Net change in cash 11.78M 9.29M 30.18M -65.38M
Cash on hand 218.31M 206.53M 197.24M 167.07M
Cost of revenue 125.13M 118.1M 107.54M 105.57M
Annual (USD) Oct 19 Oct 18 Oct 17 Oct 16
Revenue 550.66M 535.28M 450.68M 483.46M
Net income 29.79M 42.06M 13.13M 46.2M
Diluted EPS 0.44 0.59 0.19 0.64
Net profit margin 5.41% 7.86% 2.91% 9.56%
Operating income 52.12M 65.63M 31.87M 52.48M
Net change in cash -122.75M 21.26M -6.05M 108.21M
Cash on hand 206.53M 329.28M 308.02M 314.07M
Cost of revenue 429.82M 403.77M 359.36M 364.75M

Financial data from Photronics earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
1 May 20 Christopher J Progler Common Stock Sell Dispose S 11.51 3,000 34.53K 122,733
2 Mar 20 Christopher J Progler Common Stock Sell Dispose S 12.51 3,000 37.53K 125,733
18 Feb 20 Joseph A Fiorita JR Common Stock Sell Dispose S 14.54 2,500 36.35K 202,100
10 Feb 20 Walter M Fiederowicz Common Stock Sell Dispose S 14.06 9,000 126.54K 15,000
10 Feb 20 Mitchell G Tyson Common Stock Sell Dispose S 14.14 3,000 42.42K 85,379
10 Feb 20 Mitchell G Tyson Common Stock Option exercise Aquire M 6.14 3,000 18.42K 88,379
10 Feb 20 Mitchell G Tyson NQSO Common Stock Option exercise Dispose M 6.14 3,000 18.42K 6,000
92.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 197 206 -4.4%
Opened positions 28 34 -17.6%
Closed positions 37 19 +94.7%
Increased positions 66 55 +20.0%
Reduced positions 79 82 -3.7%
13F shares
Current Prev Q Change
Total value 1.58B 2.93B -46.1%
Total shares 60.34M 61.31M -1.6%
Total puts 32.1K 90.3K -64.5%
Total calls 18.7K 10.3K +81.6%
Total put/call ratio 1.7 8.8 -80.4%
Largest owners
Shares Value Change
BLK BlackRock 9.92M $101.78M -2.7%
Dimensional Fund Advisors 5.59M $57.33M -0.8%
Vanguard 4.49M $46.03M -2.0%
Barrow Hanley Mewhinney & Strauss 3.51M $35.99M +3.5%
STT State Street 2.23M $22.92M -3.8%
Renaissance Technologies 1.96M $20.16M -4.2%
NTRS Northern Trust 1.86M $19.06M -0.2%
AMP Ameriprise Financial 1.61M $16.48M -18.6%
Donald Smith & Co. 1.57M $16.11M -5.1%
Wedge Capital Management L L P 1.35M $13.85M +13.2%
Largest transactions
Shares Bought/sold Change
Yost Capital Management 926.85K +926.85K NEW
DDD Partners 0 -631.13K EXIT
Kames Capital 663.86K -627.98K -48.6%
DB Deutsche Bank 416.34K +391.49K +1575.3%
AMP Ameriprise Financial 1.61M -366.19K -18.6%
California Public Employees Retirement System 152.96K -324.9K -68.0%
Eagle Asset Management 317.02K +317.02K NEW
Hillsdale Investment Management 284.1K +284.1K NEW
BLK BlackRock 9.92M -274.75K -2.7%
Aqr Capital Management 646.31K -271.76K -29.6%

Financial report summary

?
Competition
HOYAToppan Printing
Risks
  • Technology failures or cyber security breaches could have a material adverse effect on our operations.
  • The risk of loss of the Company’s intellectual property, trade secrets or other sensitive business or customer confidential information or disruption of operations due to breaches of cybersecurity could negatively impact the Company’s financial results.
  • Our dependency on the microelectronics industry, which as a whole is volatile, could create volatility in our demand and have a negative material impact on our business.
  • We may, in the future, incur net losses.
  • We have a high level of fixed costs.
  • Our quarterly operating results fluctuate significantly, and may continue to do so in the future.
  • The photomask industry is subject to rapid technological change, and we might fail to remain competitive, which could have a material adverse effect on our business and results of operations.
  • Our operations will continue to require substantial capital expenditures, for which we may be unable to provide or obtain funding.
  • We have been dependent on sales to a limited number of large customers; the loss of any of these customers or a significant reduction in orders from these customers could have a material adverse effect on our revenues and results of operations.
  • We depend on a limited number of suppliers for equipment and raw materials and, if those suppliers fail to timely deliver their products to us, we may be unable to fulfill orders from our customers, which could adversely affect our business and results of operations.
  • We could be subject to damages based on claims brought against us by our customers, or lose customers as a result of the failure of our products to meet certain quality specifications.
  • Our credit facility restricts our business activities, limits our ability to obtain additional financing, pay cash dividends, and may obligate us to repay debt before its maturity.
  • Joint ventures may not operate according to their business plans if our partners fail to fulfill their obligations, which may adversely affect our results of operations and compel us to dedicate additional resources to these joint ventures.
  • We may not be able to consummate future acquisitions or joint ventures or integrate acquisitions into our business, which could result in unanticipated expenses and losses.
  • Our expansion into China entails substantial risks.
  • Our cash flows from operations and current holdings of cash may not be adequate for our current and long-term needs.
  • We may incur unforeseen charges related to possible future facility closures or restructurings.
  • We operate in a highly competitive environment, and, should we be unable to meet our customers’ requirements for product quality, timeliness of delivery or technical capabilities, our revenue could be adversely affected.
  • We operate in a global, competitive environment which gives rise to operating and market risk exposure.
  • Our substantial non-US operations are subject to additional risks.
  • Our business could suffer as a result of the United Kingdom’s decision to end its membership in the European Union.
  • Changes in foreign currency exchange rates could have a material adverse effect on our results of operations, financial condition, or cash flows.
  • Our business depends on managerial and technical personnel, who are in great demand, and our inability to attract and retain qualified employees could adversely affect our business and results of operations.
  • We may be unable to enforce or defend our ownership and use of proprietary technology, and the utilization of unprotected company developed technology by our competitors could adversely affect our business, results of operations, and financial position.
  • We may be unprepared for changes to environmental laws and regulations and may incur liabilities arising from environmental matters.
  • Our production facilities could be damaged or disrupted by natural disasters or labor strikes, either of which could adversely affect our financial position, results of operations, and cash flows.
  • Our sales can be impacted by the health and stability of the general economy, which could adversely affect our results of operations and cash flows.
  • Additional taxes could adversely affect our financial results.
  • Our business could be adversely impacted by global or regional catastrophic events.
  • Servicing our debt requires a significant amount of cash, and we may not generate sufficient cash flows from our operations to pay our indebtedness.
  • Our hedging activity could negatively impact our results of operations and cash flows.
  • The market price of our common stock is subject to volatility and could fluctuate widely in response to various factors, many of which are beyond our control.
  • Ineffective internal controls could impact our business and operating results.
Management Discussion
  • Note: All the following tabular comparisons, unless otherwise indicated, are for the three-months ended February 2, 2020 (Q1 FY20), October 31, 2019 (Q4 FY19), and January 27, 2019 (Q1 FY19).
  • Our quarterly revenues can be affected by the seasonal purchasing tendencies of our customers. As a result, demand for our products is typically negatively impacted during the first, and sometimes the second, quarters of our fiscal year, by the North American, European, and Asian holiday periods, as some of our customers reduce their development and, consequently, their buying activities during those periods.
  • In Q1 FY20, we changed the threshold for the definition of high-end FPD, from G8 and above and active matrix organic light-emitting diode (AMOLED) display screens, to G10.5 and above, AMOLED, and low-temperature polysilicon display screens (LTPS), to reflect the overall advancement of technology in the FPD industry. Our definition of high-end IC products remains as 28 nanometer or smaller. Quarterly changes in revenue by product type for the three-month periods ended October 31, 2019 and January 27, 2019, have been modified to reflect this change. High-end photomasks typically have higher selling prices (ASPs) than mainstream products.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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