28,678 Shares in Photronics, Inc. $PLAB Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP purchased a new stake in shares of Photronics, Inc. (NASDAQ:PLAB) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 28,678 shares of the semiconductor company’s stock, valued at approximately $891,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PLAB. BlackRock Inc. acquired a new stake in shares of Photronics in the second quarter valued at approximately $308,586,000. Janus Henderson Group PLC raised its position in Photronics by 32.5% in the 1st quarter. Janus Henderson Group PLC now owns 823,488 shares of the semiconductor company’s stock worth $33,289,000 after purchasing an additional 202,040 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Photronics during the 2nd quarter worth $12,374,000. Heartland Advisors Inc. acquired a new position in Photronics during the 2nd quarter worth $12,355,000. Finally, Empowered Funds LLC lifted its holdings in Photronics by 1.6% during the 1st quarter. Empowered Funds LLC now owns 290,142 shares of the semiconductor company’s stock worth $11,725,000 after buying an additional 4,540 shares in the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.

Photronics Trading Down 3.6%

Photronics stock opened at $27.88 on Friday. Photronics, Inc. has a 1 year low of $20.05 and a 1 year high of $56.00. The company has a market cap of $1.64 billion, a PE ratio of 13.58 and a beta of 1.42. The company’s 50-day moving average is $28.93 and its two-hundred day moving average is $34.96.

Photronics (NASDAQ:PLAB) last issued its earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.10. Photronics had a net margin of 19.05% and a return on equity of 7.45%. The company had revenue of $216.05 million for the quarter, compared to analyst estimates of $208.75 million. During the same quarter last year, the firm earned $0.51 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. Research analysts forecast that Photronics, Inc. will post 1.90 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PLAB shares. Zacks Research upgraded Photronics to a “hold” rating in a research report on Friday, August 14th. Weiss Ratings downgraded Photronics from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, November 4th. Finally, Wall Street Zen upgraded Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Photronics currently has an average rating of “Moderate Buy” and a consensus price target of $49.33.

Insider Activity at Photronics

In other Photronics news, SVP Han Park sold 9,500 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $30.37, for a total value of $288,515.00. Following the transaction, the senior vice president directly owned 66,000 shares of the company’s stock, valued at approximately $2,004,420. This trade represents a 12.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kang Lee sold 10,000 shares of Photronics stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $29.70, for a total transaction of $297,000.00. Following the sale, the director directly owned 354,850 shares of the company’s stock, valued at $10,539,045. This represents a 2.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,000 shares of company stock worth $1,114,265 over the last 90 days. 3.30% of the stock is currently owned by company insiders.

About Photronics

Photronics, Inc. manufactures photomasks, high-precision plates used to transfer circuit patterns onto semiconductor wafers and flat-panel displays. Its products support the production of integrated circuits and display technologies. The company serves semiconductor and display manufacturers around the world, with operations across North America, Europe and Asia. Photronics traces its history to 1969, when it was established as Photronic Labs. Photronics is headquartered in Brookfield, Connecticut.