Principal Financial Group Inc. Has $13.52 Million Stock Position in Photronics, Inc. $PLAB

Principal Financial Group Inc. reduced its stake in Photronics, Inc. (NASDAQ:PLAB) by 8.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 334,680 shares of the semiconductor company’s stock after selling 29,842 shares during the quarter. Principal Financial Group Inc.’s holdings in Photronics were worth $13,524,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PLAB. LSV Asset Management increased its stake 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 purchasing an additional 370,489 shares during the period. Invesco Ltd. lifted its holdings in Photronics by 395.9% during the 4th quarter. Invesco Ltd. now owns 1,536,374 shares of the semiconductor company’s stock worth $49,164,000 after purchasing an additional 1,226,588 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Photronics in the 1st quarter valued at $47,902,000. Charles Schwab Investment Management Inc. boosted its stake in Photronics by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,023,766 shares of the semiconductor company’s stock valued at $32,761,000 after purchasing an additional 33,573 shares during the period. Finally, Boston Partners grew its holdings in Photronics by 1.3% in the 3rd quarter. Boston Partners now owns 837,442 shares of the semiconductor company’s stock valued at $19,331,000 after buying an additional 10,724 shares in the last quarter. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen cut Photronics from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings raised shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Craig Hallum restated a “buy” rating on shares of Photronics in a research note on Friday, May 29th. Zacks Research lowered shares of Photronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $55.00 price objective on shares of Photronics in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $49.33.

Photronics Stock Down 1.0%

PLAB stock opened at $30.94 on Friday. Photronics, Inc. has a 52 week low of $19.17 and a 52 week high of $56.00. The business has a 50-day simple moving average of $34.32 and a 200 day simple moving average of $38.00. The company has a market cap of $1.82 billion, a PE ratio of 11.29 and a beta of 1.37.

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

More Photronics News

Here are the key news stories impacting Photronics this week:

• Negative Sentiment: Multiple law firms announced or reiterated securities fraud class action claims against Photronics, with lead-plaintiff deadlines approaching in early September 2026. The repeated legal notices suggest ongoing investor concern and can weigh on the stock. Article: Rosen Encourages Photronics Investors to Secure Counsel
• Negative Sentiment: The lawsuits allege Photronics misled investors about demand and outlook for its high-end IC photomask products, following a corrective disclosure that reportedly erased significant shareholder value. That keeps the focus on potential liability and governance issues. Article: SueWallSt Reminds Photronics Investors of Class Action
• Neutral Sentiment: Several firms are simply notifying shareholders of the filing process and lead-plaintiff deadlines, which does not change the underlying business outlook but may add to trading volatility. Article: Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

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.