Northern Trust Corp Has $21.27 Million Stake in Photronics, Inc. $PLAB

Northern Trust Corp trimmed its position in Photronics, Inc. (NASDAQ:PLAB) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,024,761 shares of the semiconductor company’s stock after selling 20,107 shares during the quarter. Northern Trust Corp owned 1.61% of Photronics worth $21,274,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PLAB. American Century Companies Inc. raised its stake in shares of Photronics by 8.8% in the first quarter. American Century Companies Inc. now owns 2,196,267 shares of the semiconductor company’s stock valued at $45,595,000 after purchasing an additional 177,380 shares in the last quarter. Nuveen LLC acquired a new position in Photronics during the first quarter worth $3,462,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Photronics during the fourth quarter worth $3,419,000. Invesco Ltd. raised its stake in Photronics by 12.1% during the first quarter. Invesco Ltd. now owns 1,258,714 shares of the semiconductor company’s stock worth $26,131,000 after acquiring an additional 135,859 shares in the last quarter. Finally, LSV Asset Management raised its stake in Photronics by 4.9% during the first quarter. LSV Asset Management now owns 2,224,519 shares of the semiconductor company’s stock worth $46,181,000 after acquiring an additional 104,200 shares in the last quarter. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PLAB shares. Wall Street Zen lowered Photronics from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. DA Davidson dropped their price objective on Photronics from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, May 29th. Finally, Craig Hallum started coverage on Photronics in a research note on Wednesday, June 11th. They set a “buy” rating and a $32.00 price objective for the company. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $31.00.

Insiders Place Their Bets

In other news, Director Mitchell G. Tyson sold 15,000 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $1,136,832.19. This trade represents a 20.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Constantine S. Macricostas sold 29,500 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $20.20, for a total value of $595,900.00. Following the completion of the sale, the director owned 459,623 shares of the company’s stock, valued at approximately $9,284,384.60. This trade represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,382 shares of company stock valued at $985,035. 3.20% of the stock is owned by corporate insiders.

Photronics Stock Performance

Shares of NASDAQ:PLAB opened at $22.67 on Tuesday. Photronics, Inc. has a twelve month low of $16.46 and a twelve month high of $31.60. The firm has a market cap of $1.36 billion, a PE ratio of 12.88 and a beta of 1.53. The business has a fifty day moving average of $20.35 and a 200-day moving average of $19.82.

Photronics (NASDAQ:PLAB) last announced its earnings results on Wednesday, August 27th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.12. Photronics had a return on equity of 8.19% and a net margin of 12.67%.The company had revenue of $210.39 million during the quarter, compared to analyst estimates of $204.30 million. During the same period last year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was down .3% compared to the same quarter last year. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. On average, analysts anticipate that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

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.