Voya Investment Management LLC Sells 24,963 Shares of Photronics, Inc. $PLAB

Voya Investment Management LLC reduced its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 12.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 178,836 shares of the semiconductor company’s stock after selling 24,963 shares during the quarter. Voya Investment Management LLC owned about 0.30% of Photronics worth $4,104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Byrne Asset Management LLC purchased a new stake in Photronics during the second quarter valued at $40,000. Newbridge Financial Services Group Inc. raised its position in shares of Photronics by 336.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 3,600 shares of the semiconductor company’s stock valued at $68,000 after buying an additional 2,775 shares in the last quarter. State of Wyoming bought a new position in shares of Photronics in the 1st quarter valued at about $98,000. Tower Research Capital LLC TRC grew its position in Photronics by 424.0% in the second quarter. Tower Research Capital LLC TRC now owns 8,363 shares of the semiconductor company’s stock worth $157,000 after acquiring an additional 6,767 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in Photronics by 24.2% during the second quarter. Osaic Holdings Inc. now owns 8,715 shares of the semiconductor company’s stock worth $164,000 after acquiring an additional 1,698 shares during the last quarter. 88.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Han Kyung Park sold 13,750 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $37.99, for a total transaction of $522,362.50. Following the transaction, the senior vice president owned 89,250 shares of the company’s stock, valued at approximately $3,390,607.50. This represents a 13.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Paladino sold 42,750 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $24.00, for a total value of $1,026,000.00. Following the transaction, the director owned 33,798 shares in the company, valued at approximately $811,152. This represents a 55.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 160,250 shares of company stock valued at $5,027,225 over the last 90 days. 3.20% of the stock is owned by insiders.

Photronics Trading Down 0.4%

NASDAQ PLAB opened at $34.05 on Friday. The stock has a market cap of $2.01 billion, a PE ratio of 14.87 and a beta of 1.54. Photronics, Inc. has a 12 month low of $16.46 and a 12 month high of $39.80. The company’s 50-day moving average price is $25.85 and its 200-day moving average price is $22.81.

Photronics (NASDAQ:PLAB) last released its quarterly earnings data on Wednesday, December 10th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.13. The company had revenue of $215.77 million during the quarter, compared to analysts’ expectations of $204.54 million. Photronics had a net margin of 16.06% and a return on equity of 7.87%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 EPS. Photronics has set its Q1 2026 guidance at 0.510-0.590 EPS. As a group, sell-side analysts forecast that Photronics, Inc. will post 2.3 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Craig Hallum raised their price objective on Photronics from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Photronics in a research report on Monday. DA Davidson boosted their price objective on shares of Photronics from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Singular Research raised shares of Photronics to a “strong-buy” rating in a research note on Thursday, September 4th. Finally, Zacks Research upgraded shares of Photronics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $43.50.

Photronics Profile

Photronics, Inc is a leading global supplier of photomask products used in the manufacture of integrated circuits, flat panel displays, microelectromechanical systems (MEMS), and advanced packaging applications. Photomasks, also known as reticles, are critical templates that carry the precise circuit patterns required for semiconductor lithography processes. The company offers a comprehensive range of mask solutions, including binary masks, attenuated phase-shift masks, reticles for micro-optics, and specialized products for high?resolution applications.

Founded in 1969 and headquartered in Brookfield, Connecticut, Photronics has grown through organic expansion and strategic investments in high?end lithography technology.