Cetera Investment Advisers Lowers Stock Holdings in Photronics, Inc. $PLAB

Cetera Investment Advisers lowered its holdings in Photronics, Inc. (NASDAQ:PLAB) by 23.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,038 shares of the semiconductor company’s stock after selling 3,296 shares during the period. Cetera Investment Advisers’ holdings in Photronics were worth $229,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLAB. Wells Fargo & Company MN grew its position in shares of Photronics by 20.7% in the fourth quarter. Wells Fargo & Company MN now owns 57,479 shares of the semiconductor company’s stock valued at $1,354,000 after purchasing an additional 9,840 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Photronics by 1.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 38,042 shares of the semiconductor company’s stock valued at $896,000 after purchasing an additional 690 shares during the period. Cerity Partners LLC grew its position in shares of Photronics by 9.2% in the fourth quarter. Cerity Partners LLC now owns 9,314 shares of the semiconductor company’s stock valued at $227,000 after purchasing an additional 785 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Photronics in the fourth quarter valued at $1,206,000. Finally, Barclays PLC grew its position in shares of Photronics by 1.4% in the fourth quarter. Barclays PLC now owns 115,701 shares of the semiconductor company’s stock valued at $2,725,000 after purchasing an additional 1,568 shares during the period. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Insider Buying and Selling

In other news, Director Kang Jyh Lee sold 4,882 shares of the company’s stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $18.35, for a total value of $89,584.70. Following the completion of the sale, the director owned 532,100 shares of the company’s stock, valued at $9,764,035. This represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mitchell G. Tyson sold 15,000 shares of the company’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $19.97, for a total value of $299,550.00. Following the completion of the sale, the director directly owned 56,927 shares of the company’s stock, valued at $1,136,832.19. The trade was a 20.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,382 shares of company stock worth $985,035 over the last three months. 3.20% of the stock is currently owned by corporate insiders.

Photronics Trading Up 1.2%

PLAB stock opened at $20.89 on Friday. The stock has a 50-day moving average price of $19.73 and a two-hundred day moving average price of $19.85. Photronics, Inc. has a 12-month low of $16.46 and a 12-month high of $31.60. The company has a market cap of $1.26 billion, a PE ratio of 10.88 and a beta of 1.40.

Photronics (NASDAQ:PLAB) last issued its earnings results on Wednesday, May 28th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.08). Photronics had a return on equity of 8.54% and a net margin of 14.00%.The company had revenue of $210.99 million during the quarter, compared to analysts’ expectations of $212.00 million. During the same period in the previous year, the company earned $0.46 EPS. Photronics’s quarterly revenue was down 2.8% on a year-over-year basis. Photronics has set its Q3 2025 guidance at 0.350-0.410 EPS. Equities analysts forecast that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PLAB has been the subject of a number of research reports. Wall Street Zen downgraded Photronics from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. DA Davidson lowered their price target on Photronics from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, May 29th. Finally, Craig Hallum initiated coverage on Photronics in a research report on Wednesday, June 11th. They set a “buy” rating and a $32.00 price target for the company. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $31.00.

Photronics Profile

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.