Photronics, Inc. $PLAB Position Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in shares of Photronics, Inc. (NASDAQ:PLAB) by 19.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,839 shares of the semiconductor company’s stock after buying an additional 11,422 shares during the quarter. Envestnet Asset Management Inc. owned about 0.11% of Photronics worth $1,296,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC bought a new stake in Photronics in the 2nd quarter valued at about $40,000. State of Wyoming acquired a new stake in shares of Photronics in the first quarter valued at approximately $98,000. CWM LLC raised its holdings in shares of Photronics by 36.1% during the first quarter. CWM LLC now owns 6,755 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 1,793 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Photronics during the first quarter worth approximately $227,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Photronics during the first quarter worth approximately $282,000. 88.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLAB has been the subject of a number of analyst reports. Wall Street Zen upgraded Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Singular Research upgraded shares of Photronics to a “strong-buy” rating in a research note on Thursday, September 4th. Zacks Research downgraded shares of Photronics from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Photronics in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

Photronics Stock Performance

Shares of PLAB stock opened at $20.28 on Friday. Photronics, Inc. has a 1 year low of $16.46 and a 1 year high of $31.60. The business’s fifty day moving average is $23.23 and its 200-day moving average is $21.11. The stock has a market cap of $1.20 billion, a PE ratio of 11.52 and a beta of 1.55.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data 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. The business had revenue of $210.39 million during the quarter, compared to analyst estimates of $204.30 million. Photronics had a return on equity of 8.19% and a net margin of 12.67%.The company’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. Equities research analysts predict that Photronics, Inc. will post 2.3 earnings per share for the current year.

Insider Activity at Photronics

In related news, Director Mary Paladino sold 42,750 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $24.00, for a total transaction of $1,026,000.00. Following the completion of the sale, the director directly owned 33,798 shares in the company, valued at approximately $811,152. This trade represents a 55.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kang Jyh Lee sold 10,000 shares of Photronics stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $25.33, for a total transaction of $253,300.00. Following the completion of the transaction, the director owned 513,350 shares in the company, valued at approximately $13,003,155.50. This trade represents a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 82,750 shares of company stock worth $1,953,800. Company insiders own 3.20% of the company’s stock.

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.