Stock BuybacksBy The Online Investor Staff, updated Wed., Sep. 23, 10:28 PM
|This Slide: #15 of 25|
Slide #15. Photronics, Inc.
Photronics, Inc. (NASDAQ:PLAB)
Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, announced that its Board of Directors has authorized the repurchase of up to $100 million of its common stock. The purchases will occur pursuant to a new repurchase plan under SEC Rule 10b5-1.
Photronics is a manufacturer of photomasks, which are photographic quartz or glass plates containing microscopic images of electronic circuits. Photomasks are a main element in the manufacture of semiconductors and flat-panel displays (FPDs), and are used as masters to transfer circuit patterns onto semiconductor wafers and FPD substrates during the fabrication of integrated circuits (ICs or semiconductors), and a variety of FPDs and, to a lesser extent, other types of electrical and optical components. Co. supports customers across the spectrum of IC production and FPD technologies by manufacturing photomasks using electron beam or optical (laser-based) systems.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 85% of all stocks covered)
Based on Zacks ABR data;
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