New Age Alpha Advisors LLC Has $2.71 Million Holdings in Photronics, Inc. $PLAB

New Age Alpha Advisors LLC grew its holdings in Photronics, Inc. (NASDAQ:PLAB) by 17.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,825 shares of the semiconductor company’s stock after purchasing an additional 12,752 shares during the period. New Age Alpha Advisors LLC owned about 0.14% of Photronics worth $2,714,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. grew its stake in Photronics by 699.0% in the third quarter. Victory Capital Management Inc. now owns 2,305,610 shares of the semiconductor company’s stock valued at $52,914,000 after purchasing an additional 2,017,052 shares in the last quarter. LSV Asset Management grew its stake in Photronics by 14.7% in the fourth quarter. LSV Asset Management now owns 2,883,463 shares of the semiconductor company’s stock valued at $92,271,000 after purchasing an additional 370,489 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Photronics in the third quarter valued at approximately $8,416,000. Qube Research & Technologies Ltd grew its stake in Photronics by 123.8% in the third quarter. Qube Research & Technologies Ltd now owns 233,498 shares of the semiconductor company’s stock valued at $5,359,000 after purchasing an additional 129,152 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Photronics by 4.6% in the third quarter. American Century Companies Inc. now owns 2,412,245 shares of the semiconductor company’s stock valued at $55,361,000 after purchasing an additional 106,069 shares in the last quarter. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Photronics Trading Up 5.8%

Shares of NASDAQ PLAB opened at $54.44 on Wednesday. Photronics, Inc. has a 12 month low of $16.59 and a 12 month high of $56.00. The stock has a 50 day moving average of $45.90 and a 200-day moving average of $36.89. The company has a market capitalization of $3.21 billion, a P/E ratio of 23.17 and a beta of 1.51.

Photronics (NASDAQ:PLAB) last issued its earnings results on Wednesday, February 25th. The semiconductor company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.54 by $0.07. Photronics had a return on equity of 7.88% and a net margin of 15.83%.The company had revenue of $225.07 million during the quarter, compared to the consensus estimate of $220.09 million. During the same period in the previous year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts predict that Photronics, Inc. will post 2.35 EPS for the current fiscal year.

Insider Activity at Photronics

In other news, COO Hsueh-Chun Wang sold 19,250 shares of Photronics stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $45.30, for a total transaction of $872,025.00. Following the completion of the transaction, the chief operating officer directly owned 113,560 shares in the company, valued at approximately $5,144,268. The trade was a 14.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Constantine S. Macricostas sold 50,000 shares of Photronics stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $45.35, for a total value of $2,267,500.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 346,144 shares of company stock worth $15,061,759 in the last three months. 3.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PLAB. Craig Hallum restated a “buy” rating and issued a $48.00 price target on shares of Photronics in a research note on Tuesday, March 3rd. Lake Street Capital restated a “buy” rating and issued a $55.00 price target on shares of Photronics in a research note on Friday, May 1st. Wall Street Zen upgraded Photronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Weiss Ratings upgraded Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Finally, Zacks Research downgraded Photronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.33.

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.