Photronics, Inc. $PLAB Stake Decreased by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in Photronics, Inc. (NASDAQ:PLAB) by 28.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,398 shares of the semiconductor company’s stock after selling 19,069 shares during the quarter. Deutsche Bank AG owned about 0.07% of Photronics worth $984,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PLAB. Vanguard Group Inc. boosted its position in Photronics by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,907,219 shares of the semiconductor company’s stock worth $122,634,000 after acquiring an additional 38,330 shares during the period. LSV Asset Management raised its stake in shares of Photronics by 4.9% during 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 in the last quarter. Northern Trust Corp lifted its holdings in Photronics by 4.1% in the fourth quarter. Northern Trust Corp now owns 1,044,868 shares of the semiconductor company’s stock worth $24,617,000 after purchasing an additional 41,487 shares during the period. Charles Schwab Investment Management Inc. grew its position in Photronics by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,012,744 shares of the semiconductor company’s stock valued at $21,025,000 after buying an additional 5,162 shares in the last quarter. Finally, Needham Investment Management LLC grew its position in Photronics by 1.0% in the 4th quarter. Needham Investment Management LLC now owns 770,000 shares of the semiconductor company’s stock valued at $18,141,000 after buying an additional 7,500 shares in the last quarter. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Photronics Price Performance

NASDAQ PLAB opened at $22.08 on Monday. The company’s 50 day simple moving average is $19.81 and its 200 day simple moving average is $19.81. Photronics, Inc. has a 12 month low of $16.46 and a 12 month high of $31.60. The company has a market capitalization of $1.33 billion, a P/E ratio of 11.50 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 analysts’ consensus estimates of $0.48 by ($0.08). The business had revenue of $210.99 million for the quarter, compared to the consensus estimate of $212.00 million. Photronics had a return on equity of 8.54% and a net margin of 14.00%.The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 earnings per share. Photronics has set its Q3 2025 guidance at 0.350-0.410 EPS. On average, analysts anticipate that Photronics, Inc. will post 2.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director David A. Garcia bought 2,650 shares of Photronics stock in a transaction dated 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 completion of the acquisition, the director directly owned 10,198 shares in the company, valued at approximately $193,762. This trade represents a 35.11% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Constantine S. Macricostas sold 29,500 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $20.20, for a total transaction of $595,900.00. Following the sale, the director directly owned 459,623 shares of the company’s stock, valued at $9,284,384.60. This represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,382 shares of company stock valued at $985,035. 3.20% of the stock is owned by insiders.

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.