Charles Schwab Investment Management Inc. Acquires 5,162 Shares of Photronics, Inc. $PLAB

Charles Schwab Investment Management Inc. raised its holdings in Photronics, Inc. (NASDAQ:PLAB) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,012,744 shares of the semiconductor company’s stock after purchasing an additional 5,162 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.59% of Photronics worth $21,025,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PLAB. GAMMA Investing LLC grew its holdings in shares of Photronics by 1,761.0% during the first quarter. GAMMA Investing LLC now owns 64,169 shares of the semiconductor company’s stock worth $1,332,000 after purchasing an additional 60,721 shares during the last quarter. SG Americas Securities LLC lifted its position in Photronics by 22.9% during the 1st quarter. SG Americas Securities LLC now owns 28,982 shares of the semiconductor company’s stock worth $602,000 after buying an additional 5,391 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Photronics by 50.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 57,417 shares of the semiconductor company’s stock worth $1,192,000 after buying an additional 19,375 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Photronics by 38.8% during the 1st quarter. Victory Capital Management Inc. now owns 275,833 shares of the semiconductor company’s stock worth $5,726,000 after acquiring an additional 77,036 shares during the last quarter. Finally, Skylands Capital LLC increased its position in Photronics by 15.4% in the 1st quarter. Skylands Capital LLC now owns 189,800 shares of the semiconductor company’s stock valued at $3,940,000 after acquiring an additional 25,300 shares in the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.

Insider Buying and Selling

In other Photronics news, Director Mitchell G. Tyson sold 15,000 shares of the 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 transaction, the director owned 56,927 shares of the company’s stock, valued at approximately $1,136,832.19. This represents a 20.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Constantine S. Macricostas sold 29,500 shares of the firm’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $20.20, for a total value of $595,900.00. Following the transaction, the director owned 459,623 shares in the company, valued at approximately $9,284,384.60. This trade represents a 6.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,382 shares of company stock valued at $985,035 over the last 90 days. Company insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

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

Photronics Price Performance

Shares of NASDAQ:PLAB opened at $20.89 on Friday. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 10.88 and a beta of 1.40. The company has a 50 day moving average of $19.73 and a 200-day moving average of $19.85. Photronics, Inc. has a one year low of $16.46 and a one year high of $31.60.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data 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 net margin of 14.00% and a return on equity of 8.54%. The business had revenue of $210.99 million during the quarter, compared to analyst estimates of $212.00 million. During the same quarter in the prior year, the company earned $0.46 earnings per share. The company’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 research analysts anticipate that Photronics, Inc. will post 2.3 earnings per share for the current year.

About Photronics

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.