Long Corridor Asset Management Ltd Acquires Shares of 110,000 Photronics, Inc. $PLAB

Long Corridor Asset Management Ltd bought a new stake in Photronics, Inc. (NASDAQ:PLAB) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 110,000 shares of the semiconductor company’s stock, valued at approximately $3,578,000. Photronics makes up approximately 1.1% of Long Corridor Asset Management Ltd’s investment portfolio, making the stock its 22nd largest holding.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Photronics by 30.1% during the 1st quarter. Royal Bank of Canada now owns 219,290 shares of the semiconductor company’s stock valued at $4,553,000 after purchasing an additional 50,707 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 buying an additional 1,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 buying an additional 12,159 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of 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 buying an additional 3,526 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Photronics by 21.5% during the second quarter. JPMorgan Chase & Co. now owns 273,646 shares of the semiconductor company’s stock worth $5,153,000 after buying an additional 48,342 shares in the last quarter. Institutional investors own 88.38% of the company’s stock.

Photronics Stock Down 0.0%

Shares of NASDAQ:PLAB opened at $30.51 on Friday. Photronics, Inc. has a 12 month low of $20.05 and a 12 month high of $56.00. The company’s 50-day moving average price is $30.93 and its two-hundred day moving average price is $37.54. The firm has a market cap of $1.80 billion, a P/E ratio of 11.14 and a beta of 1.38.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.11). Photronics had a net margin of 18.47% and a return on equity of 7.69%. The company had revenue of $209.94 million during the quarter, compared to analyst estimates of $216.47 million. During the same quarter in the previous year, the business posted $0.40 EPS. The company’s revenue was down .5% compared to the same quarter last year. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS. As a group, equities analysts predict that Photronics, Inc. will post 1.85 earnings per share for the current fiscal year.

Key Stories Impacting Photronics

Here are the key news stories impacting Photronics this week:

• Positive Sentiment: Photronics is scheduled to report quarterly results before the market opens on Wednesday, August 26. The report could become a near-term catalyst because investors will be focused on photomask demand, any recovery in high-end IC products and management’s outlook. This Earnings Report Could Steal The Show Next Week
• Neutral Sentiment: The company will participate in the Three Part Advisors Midwest IDEAS Conference on August 27 and the Lake Street Capital BIG10 Conference on September 10, providing additional opportunities for management to address business conditions and investor concerns. Photronics to Participate in Upcoming Investor Conferences
• Negative Sentiment: Several investor-rights firms, including Rosen, Kaplan Fox, Pomerantz, Hagens Berman and others, reminded shareholders about or promoted participation in a securities class action covering purchases from December 10, 2025, through May 27, 2026. The repeated announcements increase visibility around potential legal costs, reputational damage and uncertainty regarding the company’s disclosures. Rosen Photronics Investor Deadline Alert
• Negative Sentiment: Separate notices link the investor losses to a prior sharp selloff after Photronics indicated that an expected post-holiday recovery had stalled. That narrative reinforces concerns about slowing demand and puts added pressure on the upcoming earnings release to clarify the company’s outlook. Photronics Shareholder Loss Recovery Notice

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen downgraded Photronics from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Lake Street Capital reaffirmed a “buy” rating and set a $55.00 price target on shares of Photronics in a report on Friday, May 1st. Zacks Research raised Photronics to a “hold” rating in a report on Friday, August 14th. Craig Hallum reiterated a “buy” rating on shares of Photronics in a research report on Friday, May 29th. Finally, Freedom Capital raised Photronics to a “strong-buy” rating in a research note on Thursday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $49.33.

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.