Photronics, Inc. $PLAB Shares Acquired by Nierenberg Investment Management Company Inc.

Nierenberg Investment Management Company Inc. lifted its position in Photronics, Inc. (NASDAQ:PLAB) by 47.1% in the second quarter, Holdings Channel reports. The firm owned 34,330 shares of the semiconductor company’s stock after acquiring an additional 11,000 shares during the period. Photronics accounts for approximately 0.3% of Nierenberg Investment Management Company Inc.’s holdings, making the stock its 26th biggest position. Nierenberg Investment Management Company Inc.’s holdings in Photronics were worth $646,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. LSV Asset Management lifted its stake in Photronics by 17.2% in the second quarter. LSV Asset Management now owns 2,607,874 shares of the semiconductor company’s stock valued at $49,106,000 after buying an additional 383,355 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Photronics by 8.8% in the 1st quarter. American Century Companies Inc. now owns 2,196,267 shares of the semiconductor company’s stock valued at $45,595,000 after acquiring an additional 177,380 shares during the period. Nuveen LLC acquired a new position in shares of Photronics in the 1st quarter valued at $3,462,000. Invesco Ltd. raised its position in Photronics by 12.1% in the 1st quarter. Invesco Ltd. now owns 1,258,714 shares of the semiconductor company’s stock valued at $26,131,000 after purchasing an additional 135,859 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Photronics during the 1st quarter worth $1,666,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

Photronics Stock Down 0.7%

NASDAQ PLAB opened at $20.60 on Wednesday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 11.70 and a beta of 1.55. Photronics, Inc. has a 52-week low of $16.46 and a 52-week high of $31.60. The firm has a 50-day moving average price of $23.31 and a 200 day moving average price of $21.12.

Photronics (NASDAQ:PLAB) last released its earnings results on Wednesday, August 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.12. The company had revenue of $210.39 million for the quarter, compared to analysts’ expectations of $204.30 million. Photronics had a return on equity of 8.19% and a net margin of 12.67%.The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. On average, equities research analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mitchell G. Tyson sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $25.04, for a total transaction of $125,200.00. Following the transaction, the director directly owned 51,927 shares of the company’s stock, valued at $1,300,252.08. This represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher J. Progler sold 10,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $21.93, for a total transaction of $219,300.00. Following the completion of the transaction, the executive vice president owned 200,591 shares of the company’s stock, valued at $4,398,960.63. This represents a 4.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 82,750 shares of company stock valued at $1,953,800 over the last three months. 3.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Photronics in a research note on Friday, October 31st. Wall Street Zen raised Photronics from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Singular Research raised Photronics to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, Zacks Research lowered Photronics from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Photronics Profile

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.