Photronics (NASDAQ:PLAB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Photronics (NASDAQ:PLAB) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

A number of other equities analysts also recently issued reports on PLAB. Weiss Ratings downgraded Photronics from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Freedom Capital raised Photronics to a “strong-buy” rating in a research report on Thursday, July 2nd. Zacks Research upgraded Photronics to a “hold” rating in a research note on Friday, August 14th. Finally, Craig Hallum reaffirmed a “buy” rating on shares of Photronics in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Photronics has a consensus rating of “Moderate Buy” and a consensus price target of $49.33.

Photronics Stock Down 6.3%

Shares of Photronics stock opened at $27.16 on Friday. The company has a market cap of $1.60 billion, a P/E ratio of 9.56 and a beta of 1.35. The firm’s 50 day moving average price is $30.06 and its 200-day moving average price is $36.60. Photronics has a 52-week low of $20.05 and a 52-week high of $56.00.

Photronics (NASDAQ:PLAB) last posted its earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. The company had revenue of $216.05 million during the quarter, compared to analysts’ expectations of $208.75 million. Photronics had a net margin of 19.05% and a return on equity of 7.45%. Photronics’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. As a group, equities research analysts forecast that Photronics will post 1.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Photronics

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP purchased a new position in shares of Photronics in the second quarter worth about $26,000. First Horizon Corp purchased a new stake in Photronics in the first quarter valued at approximately $33,000. Grove Bank & Trust acquired a new position in Photronics in the 2nd quarter worth approximately $33,000. Integrated Wealth Concepts LLC purchased a new position in Photronics during the 2nd quarter worth approximately $40,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Photronics during the 2nd quarter worth approximately $44,000. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Photronics Company Profile

Photronics, Inc (NASDAQ: PLAB) is a manufacturer of photomasks, precision photographic plates used in the semiconductor and flat-panel display manufacturing processes. Photomasks transfer circuit patterns onto silicon wafers and display substrates, making them an important component in the production of integrated circuits, memory devices, flat-panel displays and other electronic products.

The company provides photomasks for a range of semiconductor applications, including advanced logic, foundry and memory devices.