Tocqueville Asset Management L.P. Takes $999,000 Position in Photronics, Inc. $PLAB

Tocqueville Asset Management L.P. bought a new position in shares of Photronics, Inc. (NASDAQ:PLAB) in the second quarter, Holdings Channel reports. The institutional investor bought 30,700 shares of the semiconductor company’s stock, valued at approximately $999,000.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Photronics in the 2nd quarter valued at about $308,586,000. LSV Asset Management raised its holdings 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 valued at $92,271,000 after acquiring an additional 370,489 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Photronics by 395.9% during the fourth quarter. Invesco Ltd. now owns 1,536,374 shares of the semiconductor company’s stock valued at $49,164,000 after acquiring an additional 1,226,588 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Photronics in the first quarter valued at approximately $47,902,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Photronics by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,023,766 shares of the semiconductor company’s stock valued at $32,761,000 after acquiring an additional 33,573 shares in the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.

Photronics Stock Performance

NASDAQ PLAB opened at $30.52 on Friday. The stock’s fifty day moving average is $30.95 and its two-hundred day moving average is $37.59. The firm has a market capitalization of $1.80 billion, a P/E ratio of 11.14 and a beta of 1.38. Photronics, Inc. has a fifty-two week low of $20.05 and a fifty-two week high of $56.00.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.11). The company had revenue of $209.94 million for the quarter, compared to analysts’ expectations of $216.47 million. Photronics had a return on equity of 7.69% and a net margin of 18.47%.The firm’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS. As a group, sell-side analysts forecast that Photronics, Inc. will post 1.85 EPS for the current year.

Wall Street Analysts Forecast Growth

PLAB has been the subject of several research reports. Lake Street Capital reiterated a “buy” rating and set a $55.00 price target on shares of Photronics in a research report on Friday, May 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Photronics in a report on Friday, July 24th. Zacks Research raised shares of Photronics to a “hold” rating in a research note on Friday, August 14th. Craig Hallum reaffirmed a “buy” rating on shares of Photronics in a report on Friday, May 29th. Finally, Wall Street Zen cut shares of Photronics from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $49.33.

Trending Headlines about Photronics

Here are the key news stories impacting Photronics this week:

• Neutral Sentiment: Photronics announced plans to participate in the Three Part Advisors Midwest IDEAS Conference on August 27 and the Lake Street Capital BIG10 Conference on September 10. These events could provide investors with additional commentary on demand, the high-end IC photomask pipeline and the company’s outlook. Photronics investor conference announcement
• Neutral Sentiment: Market attention is also increasing ahead of Photronics’ expected earnings release, with investors likely focused on whether demand and the projected recovery in high-end IC photomasks are improving. Photronics expected earnings article
• Negative Sentiment: Several firms, including Rosen, Glancy Prongay Wolke & Rotter, Hagens Berman, Kaplan Fox, Faruqi & Faruqi and others, are promoting a class action for investors who purchased PLAB securities from December 10, 2025, through May 27, 2026. The lawsuit alleges that Photronics misled investors about demand and the outlook for its high-end integrated-circuit photomask product line. Photronics securities litigation notice
• Negative Sentiment: Investor alerts characterize an earlier one-session decline of $19.49 as occurring after Photronics indicated that its anticipated post-holiday recovery had stalled. This reinforces concerns about weakening demand, execution and the credibility of prior growth expectations. The allegations remain claims, not proven findings. Photronics investor loss and class action notice

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.