Photronics, Inc. $PLAB Position Lowered by Aviva PLC

Aviva PLC reduced its position in Photronics, Inc. (NASDAQ:PLAB) by 12.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,125 shares of the semiconductor company’s stock after selling 3,519 shares during the quarter. Aviva PLC’s holdings in Photronics were worth $473,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Byrne Asset Management LLC acquired a new position in shares of Photronics in the 2nd quarter worth approximately $40,000. State of Wyoming bought a new position in Photronics during the first quarter worth $98,000. CWM LLC boosted its holdings in Photronics by 36.1% in the first quarter. CWM LLC now owns 6,755 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 1,793 shares during the period. Jefferies Financial Group Inc. bought a new stake in Photronics during the first quarter valued at $227,000. Finally, EntryPoint Capital LLC bought a new stake in Photronics during the first quarter valued at $282,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

Analyst Ratings Changes

PLAB has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Photronics in a research report on Friday, October 31st. Zacks Research raised shares of Photronics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Singular Research upgraded Photronics to a “strong-buy” rating in a research note on Thursday, September 4th. Finally, Wall Street Zen raised Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $31.00.

Insiders Place Their Bets

In other Photronics news, Director Mitchell G. Tyson sold 5,000 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $25.04, for a total transaction of $125,200.00. Following the completion of the transaction, the director directly owned 51,927 shares of the company’s stock, valued at approximately $1,300,252.08. This trade represents a 8.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary Paladino sold 42,750 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $24.00, for a total value of $1,026,000.00. Following the completion of the sale, the director directly owned 33,798 shares in the company, valued at $811,152. This represents a 55.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 82,750 shares of company stock valued at $1,953,800. Corporate insiders own 3.20% of the company’s stock.

Photronics Price Performance

Shares of PLAB stock opened at $21.12 on Friday. Photronics, Inc. has a 12-month low of $16.46 and a 12-month high of $31.60. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 12.00 and a beta of 1.55. The business has a 50 day simple moving average of $23.38 and a 200 day simple moving average of $21.06.

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 the consensus estimate of $0.39 by $0.12. Photronics had a return on equity of 8.19% and a net margin of 12.67%.The firm had revenue of $210.39 million for the quarter, compared to the consensus estimate of $204.30 million. During the same quarter in the previous year, the business earned $0.51 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. On average, equities analysts anticipate that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

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.