Keybank National Association OH Invests $377,000 in Photronics, Inc. $PLAB

Keybank National Association OH purchased a new stake in shares of Photronics, Inc. (NASDAQ:PLAB) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 16,425 shares of the semiconductor company’s stock, valued at approximately $377,000.

A number of other hedge funds have also recently added to or reduced their stakes in PLAB. Royal Bank of Canada raised its holdings in shares of Photronics by 30.1% during the first quarter. Royal Bank of Canada now owns 219,290 shares of the semiconductor company’s stock worth $4,553,000 after purchasing an additional 50,707 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 acquiring an additional 1,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Photronics by 14.4% in 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 acquiring an additional 12,159 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Photronics by 6.0% in the first quarter. Intech Investment Management LLC now owns 62,441 shares of the semiconductor company’s stock worth $1,296,000 after acquiring an additional 3,526 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in Photronics by 24.7% in the second quarter. Inspire Investing LLC now owns 20,765 shares of the semiconductor company’s stock valued at $391,000 after acquiring an additional 4,114 shares during the period. Institutional investors and hedge funds own 88.38% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on PLAB shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Photronics in a report on Monday, December 29th. Zacks Research upgraded Photronics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. DA Davidson upped their price target on shares of Photronics from $30.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Finally, Craig Hallum lifted their price objective on shares of Photronics from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $43.50.

Photronics Stock Performance

Shares of PLAB opened at $37.24 on Friday. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 16.26 and a beta of 1.52. Photronics, Inc. has a one year low of $16.46 and a one year high of $39.80. The stock’s fifty day moving average is $33.04 and its 200-day moving average is $26.08.

Photronics (NASDAQ:PLAB) last released its earnings results on Wednesday, December 10th. The semiconductor company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.47 by $0.13. The firm had revenue of $215.77 million for the quarter, compared to analysts’ expectations of $204.54 million. Photronics had a net margin of 16.06% and a return on equity of 7.87%. Photronics’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.59 EPS. Photronics has set its Q1 2026 guidance at 0.510-0.590 EPS. Analysts forecast that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

Insider Transactions at Photronics

In other Photronics news, SVP Han Kyung Park sold 6,250 shares of the company’s stock in a transaction that occurred 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 $2,634,195. This represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary Paladino sold 11,250 shares of Photronics stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $35.11, for a total value of $394,987.50. Following the transaction, the director owned 23,820 shares in the company, valued at approximately $836,320.20. This trade represents a 32.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 181,250 shares of company stock worth $6,317,150 in the last three months. 3.20% of the stock is currently owned by company insiders.

About Photronics

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.