The Manufacturers Life Insurance Company Invests $990,000 in Photronics, Inc. $PLAB

The Manufacturers Life Insurance Company acquired a new stake in shares of Photronics, Inc. (NASDAQ:PLAB) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 30,421 shares of the semiconductor company’s stock, valued at approximately $990,000. The Manufacturers Life Insurance Company owned approximately 0.05% of Photronics at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in Photronics by 30.1% in 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. raised its position in shares of Photronics by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,647 shares of the semiconductor company’s stock valued at $761,000 after buying an additional 1,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Photronics by 14.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,752 shares of the semiconductor company’s stock valued at $2,009,000 after buying an additional 12,159 shares during the period. 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 valued at $1,296,000 after acquiring an additional 3,526 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Photronics by 21.5% in the second quarter. JPMorgan Chase & Co. now owns 273,646 shares of the semiconductor company’s stock valued at $5,153,000 after acquiring an additional 48,342 shares during the last quarter. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PLAB. Freedom Capital upgraded shares of Photronics to a “strong-buy” rating in a research report on Thursday, July 2nd. Craig Hallum reiterated a “buy” rating on shares of Photronics in a report on Friday, May 29th. Wall Street Zen cut Photronics from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings lowered Photronics from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Finally, Zacks Research raised Photronics to a “hold” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.33.

Trending Headlines about Photronics

Here are the key news stories impacting Photronics this week:

• Positive Sentiment: Photronics recently reported quarterly EPS of $0.50, exceeding the $0.40 consensus estimate, while revenue of $216.1 million also topped expectations. Revenue increased 2.7% year over year, and management’s fourth-quarter EPS guidance of $0.40–$0.56 suggests continued profitability.
• Neutral Sentiment: Multiple law firms, including Kaplan Fox, Rosen, Hagens Berman, Faruqi & Faruqi, and others, reminded investors of the September 4, 2026 deadline to seek lead-plaintiff status in a previously filed federal securities class action. These notices largely repeat the same information rather than representing separate lawsuits or new company operating results. Kaplan Fox deadline notice
• Negative Sentiment: The lawsuit covers investors who acquired Photronics securities from December 10, 2025, through May 27, 2026. The complaints allege that Photronics misled investors about demand and the outlook for its high-end integrated-circuit photomask product line, potentially exposing the company to litigation costs, reputational damage, and shareholder claims. The allegations have not been proven. Hagens Berman lawsuit notice

Photronics Price Performance

NASDAQ PLAB opened at $29.13 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 capitalization of $1.72 billion, a PE ratio of 10.26 and a beta of 1.35. The company has a fifty day moving average of $30.24 and a two-hundred day moving average of $36.99.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. Photronics had a net margin of 19.05% and a return on equity of 7.45%. The firm had revenue of $216.05 million during the quarter, compared to analysts’ expectations of $208.75 million. During the same quarter in the prior year, the business earned $0.51 EPS. Photronics’s quarterly revenue was up 2.7% compared to the same quarter last year. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. On average, research analysts expect that Photronics, Inc. will post 1.85 earnings per share for the current year.

Photronics 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.