Wedge Capital Management L L P NC Has $3.57 Million Stock Position in Photronics, Inc. $PLAB

Wedge Capital Management L L P NC lifted its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 44.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,646 shares of the semiconductor company’s stock after acquiring an additional 33,563 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Photronics were worth $3,567,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Invesco Ltd. increased its position in Photronics by 395.9% in the fourth 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 period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Photronics in the 1st quarter valued at about $47,902,000. Janus Henderson Group PLC boosted its stake in shares of Photronics by 2,201.5% in the 4th quarter. Janus Henderson Group PLC now owns 621,448 shares of the semiconductor company’s stock valued at $19,883,000 after purchasing an additional 594,446 shares during the last quarter. LSV Asset Management grew its position in shares of Photronics by 14.7% during the 4th quarter. LSV Asset Management now owns 2,883,463 shares of the semiconductor company’s stock worth $92,271,000 after buying an additional 370,489 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Photronics during the 3rd quarter worth approximately $8,416,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

Photronics Trading Down 0.0%

PLAB opened at $33.48 on Friday. The stock has a market capitalization of $1.97 billion, a P/E ratio of 12.22 and a beta of 1.38. Photronics, Inc. has a 12 month low of $20.05 and a 12 month high of $56.00. The firm’s fifty day simple moving average is $30.71 and its 200 day simple moving average is $37.70.

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 analysts’ consensus estimates of $0.53 by ($0.11). The firm had revenue of $209.94 million for 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 for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Freedom Capital raised shares of Photronics to a “strong-buy” rating in a research note on Thursday, July 2nd. Wall Street Zen lowered shares of Photronics from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Craig Hallum reiterated a “buy” rating on shares of Photronics in a research report on Friday, May 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Photronics in a research note on Friday, July 24th. Finally, Zacks Research downgraded Photronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $49.33.

More Photronics News

Here are the key news stories impacting Photronics this week:

• Neutral Sentiment: Photronics is scheduled to report fiscal third-quarter 2026 results on August 26, giving investors a near-term catalyst for updates on demand, revenue, margins, and its photomask business. Photronics to Report Fiscal Third Quarter 2026 Results on August 26, 2026
• Negative Sentiment: Multiple law firms publicized a securities class action against Photronics and urged investors who purchased shares between December 10, 2025, and May 27, 2026, to seek lead-plaintiff status by September 4, 2026. The notices allege that Photronics overstated the strength and sustainability of customer demand for its high-end integrated-circuit photomask products and misled investors about its growth outlook. Photronics Investor Notice
• Negative Sentiment: One complaint reportedly claims that design-release pipeline bottlenecks made management’s growth forecasts unattainable and names the CEO and CFO as individual defendants. The allegations are unproven, but the litigation creates legal, reputational, and potential financial risks and may keep investor attention focused on whether demand projections were accurate. Photronics Securities Class Action Deadline

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.