Easterly Investment Partners LLC Cuts Stock Holdings in Photronics, Inc. $PLAB

Easterly Investment Partners LLC decreased its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 422,671 shares of the semiconductor company’s stock after selling 28,461 shares during the quarter. Photronics accounts for 0.8% of Easterly Investment Partners LLC’s portfolio, making the stock its 29th largest position. Easterly Investment Partners LLC’s holdings in Photronics were worth $13,525,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PLAB. Torren Management LLC bought a new position in Photronics during the fourth quarter valued at approximately $26,000. Larson Financial Group LLC bought a new position in Photronics during the third quarter valued at approximately $28,000. Hantz Financial Services Inc. lifted its position in Photronics by 673.4% during the third quarter. Hantz Financial Services Inc. now owns 1,485 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 1,293 shares during the period. Global Retirement Partners LLC lifted its position in Photronics by 723.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 1,245 shares during the period. Finally, Clearstead Advisors LLC lifted its position in Photronics by 195.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,603 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 1,061 shares during the period. Hedge funds and other institutional investors own 88.38% of the company’s stock.

More Photronics News

Here are the key news stories impacting Photronics this week:

• Negative Sentiment: Photronics reported weaker-than-expected Q2 earnings and revenue, prompting a sharp selloff. Photronics Reports Second Quarter 2026 Results
• Negative Sentiment: Q3 guidance also missed consensus, signaling near-term pressure on demand and margins. Why Is Photronics Stock Falling Friday?
• Negative Sentiment: Several law firms announced investigations into possible securities-law violations, creating an additional headline risk for shareholders. Securities Fraud Investigation Into Photronics, Inc. (PLAB) Announced

Photronics Price Performance

Shares of NASDAQ PLAB opened at $32.35 on Monday. The firm has a fifty day moving average price of $46.21 and a 200-day moving average price of $37.27. The stock has a market cap of $1.91 billion, a PE ratio of 11.81 and a beta of 1.37. Photronics, Inc. has a 1 year low of $16.59 and a 1 year high of $56.00.

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). The firm had revenue of $209.94 million during 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 business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS. On average, research analysts expect that Photronics, Inc. will post 2.35 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Transactions at Photronics

In other news, COO Hsueh-Chun Wang sold 19,250 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $45.30, for a total value of $872,025.00. Following the completion of the sale, the chief operating officer directly owned 113,560 shares of the company’s stock, valued at $5,144,268. This represents a 14.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Constantine S. Macricostas sold 50,000 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $45.35, for a total transaction of $2,267,500.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 346,144 shares of company stock valued at $15,061,759. Company insiders own 3.30% of the company’s stock.

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.