Photronics, Inc. (NASDAQ:PLAB) Given Average Recommendation of “Moderate Buy” by Analysts

Photronics, Inc. (NASDAQ:PLAB) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $49.3333.

Several equities research analysts recently weighed in on the company. Zacks Research cut Photronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Craig Hallum reaffirmed a “buy” rating on shares of Photronics in a research note on Friday, May 29th. Wall Street Zen cut Photronics from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Lake Street Capital reissued a “buy” rating and issued a $55.00 target price on shares of Photronics in a research note on Friday, May 1st. Finally, Weiss Ratings raised Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th.

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 stock was sold at an average price of $45.30, for a total value of $872,025.00. Following the sale, the chief operating officer directly owned 113,560 shares of the company’s stock, valued at approximately $5,144,268. This represents a 14.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Rui Zhang sold 4,556 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $46.70, for a total value of $212,765.20. Following the completion of the sale, the chief accounting officer directly owned 27,079 shares in the company, valued at approximately $1,264,589.30. This represents a 14.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 326,144 shares of company stock valued at $14,313,759. 3.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Photronics

A number of institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC grew its stake in shares of Photronics by 32.5% in the first quarter. Janus Henderson Group PLC now owns 823,488 shares of the semiconductor company’s stock worth $33,289,000 after acquiring an additional 202,040 shares during the last quarter. Amundi purchased a new stake in shares of Photronics in the first quarter worth $265,000. California State Teachers Retirement System grew its stake in shares of Photronics by 23.8% in the first quarter. California State Teachers Retirement System now owns 69,484 shares of the semiconductor company’s stock worth $2,808,000 after acquiring an additional 13,337 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Photronics by 1.6% during the first quarter. Empowered Funds LLC now owns 290,142 shares of the semiconductor company’s stock valued at $11,725,000 after buying an additional 4,540 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of Photronics by 7.7% during the first quarter. Quantinno Capital Management LP now owns 27,512 shares of the semiconductor company’s stock valued at $1,112,000 after buying an additional 1,968 shares during the last quarter. 88.38% of the stock is owned by hedge funds and other institutional investors.

Photronics Stock Down 7.4%

Shares of PLAB stock opened at $31.55 on Wednesday. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 11.51 and a beta of 1.37. The business’s fifty day moving average is $43.09 and its 200 day moving average is $38.41. Photronics has a twelve month low of $18.55 and a twelve month high of $56.00.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.42 earnings per share 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 analysts’ expectations 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 period in the previous year, the company earned $0.40 earnings per share. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS.

Photronics Company 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.