PLAB
PhotronicsDNasdaq / Semiconductors & Semiconductor Equipment
Last Price
At close
2026-06-02
Current thesis
The bull case is that Q2 weakness is mostly timing-driven: Photronics still generated $47.0M of operating cash flow against $45.8M of capex, ended with $637.7M of cash/cash equivalents/short-term investments, and management still sees a strong long-term demand backdrop while investing in higher-end capacity [#8-K-2026-05-28].
Posture
Defensive
Lead driver
Value
What changed
2 setup hits (3d) with net bearish as of 2026-06-02.
What can break
Delayed design releases tied to elevated fab utilization can keep IC demand lumpy.
Momentum
14
Value
70
Sentiment
48
Setup hits (3d)
2 · Net Bearish
AI TargetsBase $31.00 · Bull $42.00 · Bear $22.00
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-06-01 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-29 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-06-02
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade D · Defensive
Confidence Medium · Net Bearish
Target $46.40
Why
Momentum14 · Δ7d -49.2
Value70 · Δ7d +3.4
Sentiment48 · Δ7d +10.4
So what
Weak posture (Net Bearish). Prioritize risk control and patience.
Lead driver: Value · See fundamentals
Momentum
14
34% active weight
Current posture
7d trendImproving
Δ7d
-49.2
Δ21d
-53.5
Value
70
32% active weight
Current posture
7d trendImproving
Δ7d
+3.4
Δ21d
+3.5
Sentiment
48
33% active weight
Current posture
7d trendImproving
Δ7d
+10.4
Δ21d
+20.3
Why this grade
Composite grade D. Momentum 14.0 / Value 70.2 / Sentiment 48.1
Fundamentals (TTM)As of 2026-06-01
Fundamentals (TTM)
As of 2026-06-01
Market Cap
$1.88B
Beta
1.52
Shares Out
59.06M
P/E (TTM)
14.6
P/S (TTM)
2.32
P/FCF (TTM)
33.10
Rev YoY
-3.1%
EPS YoY
+96.6%
Gross Margin
+35.3%
Op Margin
+24.5%
Net Debt
-$588.14M
Current Ratio
5.37
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology