FourThought Financial Partners LLC Makes New Investment in Photronics, Inc. $PLAB

FourThought Financial Partners LLC purchased a new stake in Photronics, Inc. (NASDAQ:PLAB) in the 3rd quarter, Holdings Channel reports. The firm purchased 14,712 shares of the semiconductor company’s stock, valued at approximately $338,000.

Several other large investors have also modified their holdings of PLAB. Royal Bank of Canada boosted its position in shares of Photronics by 30.1% in the first quarter. Royal Bank of Canada now owns 219,290 shares of the semiconductor company’s stock worth $4,553,000 after acquiring an additional 50,707 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Photronics by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,647 shares of the semiconductor company’s stock worth $761,000 after purchasing an additional 1,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Photronics by 14.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,752 shares of the semiconductor company’s stock worth $2,009,000 after purchasing an additional 12,159 shares during the period. Intech Investment Management LLC raised its stake in Photronics by 6.0% during the first quarter. Intech Investment Management LLC now owns 62,441 shares of the semiconductor company’s stock worth $1,296,000 after purchasing an additional 3,526 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Photronics by 19.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 68,839 shares of the semiconductor company’s stock valued at $1,296,000 after purchasing an additional 11,422 shares during the last quarter. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Craig Hallum reissued a “buy” rating and set a $48.00 price objective on shares of Photronics in a research note on Tuesday, March 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Photronics in a research report on Monday, December 29th. Zacks Research cut Photronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, DA Davidson boosted their price target on Photronics from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.50.

Photronics Stock Up 0.9%

Shares of PLAB stock opened at $34.39 on Thursday. Photronics, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $45.40. The firm’s 50 day moving average price is $35.71 and its two-hundred day moving average price is $28.80. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 14.63 and a beta of 1.50.

Photronics (NASDAQ:PLAB) last released its quarterly earnings data on Wednesday, February 25th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.07. Photronics had a net margin of 15.83% and a return on equity of 7.88%. The company had revenue of $225.07 million during the quarter, compared to analyst estimates of $220.09 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. On average, equities analysts forecast that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Han Kyung Park sold 6,250 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $34.89, for a total value of $218,062.50. Following the completion of the sale, the senior vice president directly owned 75,500 shares in the company, valued at approximately $2,634,195. This represents a 7.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kang Jyh Lee sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $34.13, for a total value of $341,300.00. Following the completion of the transaction, the director directly owned 410,850 shares in the company, valued at $14,022,310.50. This trade represents a 2.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 171,250 shares of company stock valued at $6,091,950 in the last 90 days. 3.30% of the stock is currently owned by company insiders.

Photronics Company 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.