Photronics, Inc. $PLAB Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in Photronics, Inc. (NASDAQ:PLAB) by 0.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,907,219 shares of the semiconductor company’s stock after acquiring an additional 38,330 shares during the quarter. Vanguard Group Inc. owned 9.29% of Photronics worth $122,634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC acquired a new position in shares of Photronics in the first quarter worth about $1,653,000. Pacific Ridge Capital Partners LLC raised its position in shares of Photronics by 8.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 57,736 shares of the semiconductor company’s stock valued at $1,199,000 after purchasing an additional 4,317 shares during the period. LSV Asset Management raised its position in shares of Photronics by 4.9% in the first quarter. LSV Asset Management now owns 2,224,519 shares of the semiconductor company’s stock valued at $46,181,000 after purchasing an additional 104,200 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of Photronics in the first quarter valued at approximately $227,000. Finally, Meeder Asset Management Inc. raised its position in shares of Photronics by 93.1% in the first quarter. Meeder Asset Management Inc. now owns 94,880 shares of the semiconductor company’s stock valued at $1,970,000 after purchasing an additional 45,747 shares during the period. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Photronics news, Director David A. Garcia bought 2,650 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was acquired at an average cost of $19.00 per share, with a total value of $50,350.00. Following the purchase, the director owned 10,198 shares in the company, valued at $193,762. This trade represents a 35.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mitchell G. Tyson sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $19.97, for a total transaction of $299,550.00. Following the transaction, the director directly owned 56,927 shares of the company’s stock, valued at $1,136,832.19. This represents a 20.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,382 shares of company stock valued at $985,035 in the last quarter. 3.20% of the stock is owned by company insiders.

Photronics Price Performance

Shares of NASDAQ:PLAB opened at $20.89 on Friday. The firm’s 50 day simple moving average is $19.73 and its 200 day simple moving average is $19.85. Photronics, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $31.60. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 10.88 and a beta of 1.40.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on PLAB. Wall Street Zen lowered shares of Photronics from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. DA Davidson lowered their price target on shares of Photronics from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, May 29th. Finally, Craig Hallum started coverage on shares of Photronics in a research note on Wednesday, June 11th. They issued a “buy” rating and a $32.00 target price on the stock. Two analysts have rated the stock with a Buy rating, According to MarketBeat, 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.