B+
Bull case
25%
Probability
Target price
$40.00
Analysis reference price unavailable
Analysis 2026-08-31 · RankAlpha Sentiment Codex
PLAB
PhotronicsCNasdaq / Semiconductors & Semiconductor Equipment
Last Price
Quote time unavailable
Current thesis
The SEC-filed company earnings release confirms Q3 revenue of $216.0 million, 5% year-over-year and sequential IC growth, record high-end IC mix of 44%, $76.3 million of operating cash flow, and $672.8 million of cash, cash equivalents, and short-term investments [#SEC-8K-2026-08-26]. This supports a moderately bullish view if node migration and capacity investments translate into sustained mix improvement.
Posture
Mixed
Lead driver
Sentiment
What changed
Sentiment remains the lead driver in the composite, 7D delta -3.8.
What can break
FPD strength may not fully offset weaker or delayed consumer-electronics demand.
Momentum
12
Value
71
Sentiment
62
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $32.00 · Bull $40.00 · Bear $23.00Analysis 2026-08-31; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-08-17 • Vendor: Data Vendor v1
Scores
As of 2026-09-11 • Model: HYBRID_IC_RP
AI Memo
As of 2026-08-31 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-09-11
Investment thesis
As of 2026-09-11
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-09-11. Definitions
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $41.33
Why
Momentum12 · Δ7d -0.7
Value71 · Δ7d -0.0
Sentiment62 · Δ7d -3.8
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.
Confirming evidence
- • Sentiment remains the lead driver in the composite, 7D delta -3.8.
Contradictions & invalidation
- • FPD strength may not fully offset weaker or delayed consumer-electronics demand.
- • Mainstream IC demand, particularly in China, faces migration and local-competition pressure.
- • The reported earnings beat did not eliminate cyclicality or visibility risk.
Catalyst clock
2026-08-26
Q3 results and high-end IC mix reset expectations
Lead driver: Sentiment · See AI snapshot
Momentum
12
9% active weight
Current posture
7d trendSoftening
Δ7d
-0.7
Δ21d
-14.7
Value
71
28% active weight
Current posture
7d trendFlat
Δ7d
-0.0
Δ21d
-0.1
Sentiment
62
62% active weight
Current posture
7d trendSoftening
Δ7d
-3.8
Δ21d
+14.4
Why this grade
Composite grade C. Momentum 12.1 / Value 71.3 / Sentiment 62.0
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-08-31. Scenario method
Most likely
B
Base case
50%
Probability
Target price
$32.00
Analysis reference price unavailable
Analysis 2026-08-31 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$23.00
Analysis reference price unavailable
Analysis 2026-08-31 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-08-17
Fundamentals (TTM)
As of 2026-08-17
Market Cap
$1.98B
Beta
1.52
Shares Out
58.96M
P/E (TTM)
14.6
P/S (TTM)
2.32
P/FCF (TTM)
33.10
Rev YoY
-0.5%
EPS YoY
+268.2%
Gross Margin
+33.8%
Op Margin
+22.9%
Net Debt
-$582.21M
Current Ratio
5.05
As of 2026-09-11 • Updated nightlySource: Internal modelMethods & Data