These 5 Stocks are Trending Today

In this article, we discuss the 5 stocks that are trending today. If you want to check out some more stocks that came into the spotlight this morning, go directly to These 10 Stocks are Trending Today. 

5. Photronics, Inc. (NASDAQ:PLAB)

Number of Hedge Fund Holders: 23

Shares of Photronics, Inc. (NASDAQ:PLAB) took a deep dive this morning, losing more than 22 percent of their value. The drop came after the semiconductor photomask maker issued a weak financial outlook for its fiscal fourth quarter.

Photronics, Inc. (NASDAQ:PLAB) guided for earnings in the range of 44 – 52 cents per share and revenue between $205 – $215 million for the current quarter. This compares to the consensus of 53 cents per share for earnings and $214.5 million for revenue.

The weak guidance also overshadowed Photronics’ better-than-expected results for its fiscal third quarter. Photronics, Inc. (NASDAQ:PLAB) reported earnings of 51 cents per share, beating the consensus of 50 cents per share.

Revenue for the quarter advanced 29 percent versus last year to $219.9 million, while analysts expected Photronics, Inc. (NASDAQ:PLAB) to generate revenue of $210 million. Revenue from the integrated circuit segment climbed 37 percent to $161.3 million, and revenue from the flat panel display segment rose 11 percent to $58.7 million in the quarter.