GAMMA Investing LLC Has $38,000 Stock Position in Photronics, Inc. $PLAB

GAMMA Investing LLC reduced its position in Photronics, Inc. (NASDAQ:PLAB) by 35.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,995 shares of the semiconductor company’s stock after selling 1,096 shares during the period. GAMMA Investing LLC’s holdings in Photronics were worth $38,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Exchange Traded Concepts LLC lifted its stake in Photronics by 7.2% in the 2nd quarter. Exchange Traded Concepts LLC now owns 65,062 shares of the semiconductor company’s stock valued at $1,225,000 after purchasing an additional 4,353 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in Photronics in the 2nd quarter valued at about $40,000. Voya Investment Management LLC lifted its stake in Photronics by 16.1% in the 1st quarter. Voya Investment Management LLC now owns 204,238 shares of the semiconductor company’s stock valued at $4,240,000 after purchasing an additional 28,345 shares during the last quarter. Strs Ohio acquired a new stake in Photronics during the first quarter worth approximately $648,000. Finally, Intech Investment Management LLC lifted its position in Photronics by 6.0% during the first quarter. Intech Investment Management LLC now owns 62,441 shares of the semiconductor company’s stock worth $1,296,000 after acquiring an additional 3,526 shares during the last quarter. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on PLAB. Weiss Ratings restated a “hold (c)” rating on shares of Photronics in a research report on Saturday, September 27th. Craig Hallum began coverage on shares of Photronics in a research report on Wednesday, June 11th. They set a “buy” rating and a $32.00 price objective for the company. Wall Street Zen upgraded shares of Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Singular Research upgraded shares of Photronics to a “strong-buy” rating in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $31.00.

Insiders Place Their Bets

In other Photronics news, Director Mitchell G. Tyson sold 15,000 shares of the business’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $19.97, for a total transaction of $299,550.00. Following the sale, the director owned 56,927 shares of the company’s stock, valued at approximately $1,136,832.19. The trade was 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, SVP Han Kyung Park sold 15,000 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $22.00, for a total transaction 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. The trade was a 12.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,000 shares of company stock valued at $848,850. 3.20% of the stock is currently owned by insiders.

Photronics Price Performance

Shares of PLAB opened at $24.40 on Friday. Photronics, Inc. has a one year low of $16.46 and a one year high of $31.60. The company has a market cap of $1.44 billion, a P/E ratio of 13.86 and a beta of 1.54. The firm has a 50 day simple moving average of $22.22 and a two-hundred day simple moving average of $20.18.

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