Photronics (NASDAQ:PLAB) Upgraded at Singular Research

Singular Research upgraded shares of Photronics (NASDAQ:PLAB) to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

Several other brokerages have also recently commented on PLAB. Wall Street Zen cut shares of Photronics from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. DA Davidson reduced their target price on 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 Photronics in a research report on Wednesday, June 11th. They issued a “buy” rating and a $32.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $31.00.

Photronics Trading Up 1.9%

Photronics stock opened at $22.64 on Thursday. Photronics has a 52 week low of $16.46 and a 52 week high of $31.60. The stock has a market cap of $1.36 billion, a P/E ratio of 12.86 and a beta of 1.53. The stock has a 50 day moving average of $20.61 and a 200-day moving average of $19.83.

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

Insider Activity

In other Photronics news, SVP Han Kyung Park sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $22.00, for a total value of $330,000.00. Following the sale, the senior vice president directly owned 103,000 shares in the company, valued at approximately $2,266,000. This trade represents a 12.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kang Jyh Lee sold 4,882 shares of the business’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $18.35, for a total transaction of $89,584.70. Following the transaction, the director directly owned 532,100 shares of the company’s stock, valued at approximately $9,764,035. This trade represents a 0.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold 74,382 shares of company stock worth $1,534,335 over the last 90 days. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Photronics

Hedge funds and other institutional investors have recently modified their holdings of the stock. LSV Asset Management lifted its holdings in shares of Photronics by 17.2% in the second quarter. LSV Asset Management now owns 2,607,874 shares of the semiconductor company’s stock valued at $49,106,000 after buying an additional 383,355 shares during the period. American Century Companies Inc. raised its position in Photronics by 8.8% in the first quarter. American Century Companies Inc. now owns 2,196,267 shares of the semiconductor company’s stock worth $45,595,000 after acquiring an additional 177,380 shares in the last quarter. Nuveen LLC acquired a new stake in Photronics in the 1st quarter valued at about $3,462,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Photronics during the 4th quarter valued at about $3,419,000. Finally, Invesco Ltd. grew its stake in shares of Photronics by 12.1% in the 1st quarter. Invesco Ltd. now owns 1,258,714 shares of the semiconductor company’s stock worth $26,131,000 after purchasing an additional 135,859 shares during the last quarter. 88.38% of the stock is currently owned by institutional investors.

Photronics Company 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.