WINTON GROUP Ltd Trims Position in Photronics, Inc. $PLAB

WINTON GROUP Ltd cut its position in Photronics, Inc. (NASDAQ:PLAB) by 32.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 39,028 shares of the semiconductor company’s stock after selling 18,961 shares during the quarter. WINTON GROUP Ltd’s holdings in Photronics were worth $1,249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PLAB. Victory Capital Management Inc. increased its stake in shares of Photronics by 699.0% in the third quarter. Victory Capital Management Inc. now owns 2,305,610 shares of the semiconductor company’s stock worth $52,914,000 after purchasing an additional 2,017,052 shares in the last quarter. LSV Asset Management boosted its position in shares of Photronics by 14.7% during the fourth quarter. LSV Asset Management now owns 2,883,463 shares of the semiconductor company’s stock worth $92,271,000 after acquiring an additional 370,489 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Photronics during the third quarter worth $8,416,000. Norges Bank bought a new position in shares of Photronics during the fourth quarter worth $11,540,000. Finally, Qube Research & Technologies Ltd boosted its position in shares of Photronics by 123.8% during the third quarter. Qube Research & Technologies Ltd now owns 233,498 shares of the semiconductor company’s stock worth $5,359,000 after acquiring an additional 129,152 shares during the last quarter. 88.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Photronics

In related news, Director Kang Jyh Lee sold 20,000 shares of Photronics stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $45.92, for a total transaction of $918,400.00. Following the completion of the sale, the director owned 355,850 shares in the company, valued at $16,340,632. This trade represents a 5.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Constantine S. Macricostas sold 50,000 shares of Photronics stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $45.35, for a total transaction of $2,267,500.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 346,144 shares of company stock worth $15,061,759. 3.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PLAB. Craig Hallum restated a “buy” rating on shares of Photronics in a research report on Friday, May 29th. Wall Street Zen lowered shares of Photronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. Zacks Research lowered shares of Photronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Finally, Lake Street Capital restated a “buy” rating and set a $55.00 target price on shares of Photronics in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.33.

Photronics Trading Up 2.8%

Photronics stock opened at $29.96 on Tuesday. The firm has a 50-day moving average price of $45.20 and a 200-day moving average price of $37.68. The firm has a market capitalization of $1.77 billion, a PE ratio of 10.93 and a beta of 1.37. Photronics, Inc. has a 12-month low of $18.00 and a 12-month high of $56.00.

Photronics (NASDAQ:PLAB) last released its earnings results on Thursday, May 28th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.11). The firm had revenue of $209.94 million during the quarter, compared to the consensus estimate of $216.47 million. Photronics had a return on equity of 7.69% and a net margin of 18.47%.Photronics’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS.

About Photronics

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.