Photronics, Inc. $PLAB Shares Sold by Truvestments Capital LLC

Truvestments Capital LLC lowered its holdings in Photronics, Inc. (NASDAQ:PLAB) by 57.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,486 shares of the semiconductor company’s stock after selling 23,318 shares during the quarter. Truvestments Capital LLC’s holdings in Photronics were worth $363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Photronics by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,907,219 shares of the semiconductor company’s stock worth $122,634,000 after acquiring an additional 38,330 shares during the period. LSV Asset Management increased its stake in shares of Photronics by 4.9% in the first quarter. LSV Asset Management now owns 2,224,519 shares of the semiconductor company’s stock worth $46,181,000 after acquiring an additional 104,200 shares during the period. American Century Companies Inc. increased its stake in shares of Photronics by 8.8% in the first quarter. American Century Companies Inc. now owns 2,196,267 shares of the semiconductor company’s stock worth $45,595,000 after acquiring an additional 177,380 shares during the period. Invesco Ltd. increased its stake in shares of Photronics by 12.1% in the first quarter. Invesco Ltd. now owns 1,258,714 shares of the semiconductor company’s stock worth $26,131,000 after acquiring an additional 135,859 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Photronics by 4.1% in the fourth quarter. Northern Trust Corp now owns 1,044,868 shares of the semiconductor company’s stock worth $24,617,000 after acquiring an additional 41,487 shares during the period. Institutional investors and hedge funds own 88.38% of the company’s stock.

Photronics Trading Up 7.6%

NASDAQ:PLAB opened at $23.97 on Thursday. The company’s 50-day moving average price is $20.07 and its 200-day moving average price is $19.85. The company has a market cap of $1.44 billion, a P/E ratio of 12.48 and a beta of 1.40. Photronics, Inc. has a twelve month low of $16.46 and a twelve month high of $31.60.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, August 27th. The semiconductor company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.12. The firm had revenue of $210.39 million for the quarter, compared to the consensus estimate of $204.30 million. Photronics had a net margin of 14.00% and a return on equity of 8.54%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. On average, analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on PLAB shares. DA Davidson lowered their price target on shares of Photronics from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, May 29th. Craig Hallum assumed coverage on shares of Photronics in a report on Wednesday, June 11th. They set a “buy” rating and a $32.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of Photronics from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $31.00.

Insider Buying and Selling at Photronics

In other Photronics news, Director Mitchell G. Tyson sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $19.97, for a total value of $299,550.00. Following the transaction, the director directly owned 56,927 shares in the company, valued at $1,136,832.19. The trade was a 20.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kang Jyh Lee sold 4,882 shares of the business’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $18.35, for a total transaction of $89,584.70. Following the completion of the transaction, the director owned 532,100 shares in the company, valued at $9,764,035. The trade was a 0.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 49,382 shares of company stock valued at $985,035. Corporate insiders own 3.20% of the company’s stock.

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.