Photronics, Inc. $PLAB Shares Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management boosted its position in Photronics, Inc. (NASDAQ:PLAB) by 79,485.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,997 shares of the semiconductor company’s stock after purchasing an additional 38,948 shares during the quarter. Picton Mahoney Asset Management owned about 0.07% of Photronics worth $894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PLAB. AlphaQuest LLC increased its holdings in shares of Photronics by 323.1% during the 3rd quarter. AlphaQuest LLC now owns 50,036 shares of the semiconductor company’s stock worth $1,148,000 after buying an additional 38,209 shares during the last quarter. Inspire Investing LLC increased its position in shares of Photronics by 201.3% during the third quarter. Inspire Investing LLC now owns 62,556 shares of the semiconductor company’s stock worth $1,436,000 after acquiring an additional 41,791 shares during the last quarter. Boston Partners boosted its stake in shares of Photronics by 2.9% during the 2nd quarter. Boston Partners now owns 826,718 shares of the semiconductor company’s stock valued at $15,706,000 after buying an additional 23,037 shares during the last quarter. LSV Asset Management lifted its stake in Photronics by 17.2% during the second quarter. LSV Asset Management now owns 2,607,874 shares of the semiconductor company’s stock worth $49,106,000 after purchasing an additional 383,355 shares during the last quarter. Finally, Belpointe Asset Management LLC bought a new position in shares of Photronics in the 3rd quarter worth about $864,000. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

Photronics Stock Down 6.7%

Photronics stock opened at $32.80 on Friday. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 13.96 and a beta of 1.50. The business has a 50 day moving average price of $35.63 and a two-hundred day moving average price of $28.47. Photronics, Inc. has a 12 month low of $16.46 and a 12 month high of $45.40.

Photronics (NASDAQ:PLAB) last released its quarterly earnings data on Wednesday, February 25th. The semiconductor company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $220.09 million. During the same period last year, the firm earned $0.52 EPS. The firm’s revenue for the quarter 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, analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director Kang Jyh Lee sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $38.53, for a total value of $770,600.00. Following the transaction, the director directly owned 493,350 shares of the company’s stock, valued at $19,008,775.50. The trade was a 3.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher J. Progler sold 25,000 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $35.78, for a total transaction of $894,500.00. Following the sale, the executive vice president directly owned 165,591 shares in the company, valued at approximately $5,924,845.98. This represents a 13.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 171,250 shares of company stock valued at $6,091,950 over the last quarter. 3.30% of the stock is owned by 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.