Belpointe Asset Management LLC Makes New Investment in Photronics, Inc. $PLAB

Belpointe Asset Management LLC acquired a new stake in Photronics, Inc. (NASDAQ:PLAB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 37,635 shares of the semiconductor company’s stock, valued at approximately $864,000. Belpointe Asset Management LLC owned approximately 0.06% of Photronics at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Quantinno Capital Management LP boosted its holdings in Photronics by 6.8% during the 2nd quarter. Quantinno Capital Management LP now owns 14,847 shares of the semiconductor company’s stock valued at $280,000 after acquiring an additional 945 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Photronics by 7.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,319 shares of the semiconductor company’s stock worth $307,000 after purchasing an additional 1,162 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Photronics by 2.3% in the second quarter. Sei Investments Co. now owns 55,868 shares of the semiconductor company’s stock valued at $1,052,000 after purchasing an additional 1,253 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Photronics by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,647 shares of the semiconductor company’s stock valued at $761,000 after purchasing an additional 1,600 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in shares of Photronics by 24.2% in the second quarter. Osaic Holdings Inc. now owns 8,715 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 1,698 shares in the last quarter. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Insider Transactions at Photronics

In related news, EVP Christopher J. Progler sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $35.78, for a total transaction of $894,500.00. Following the transaction, the executive vice president owned 165,591 shares in the company, valued at $5,924,845.98. This trade represents a 13.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Han Kyung Park sold 13,750 shares of Photronics stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $37.99, for a total value of $522,362.50. Following the transaction, the senior vice president directly owned 89,250 shares in the company, valued at approximately $3,390,607.50. This trade represents a 13.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 181,250 shares of company stock worth $6,317,150. 3.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PLAB shares. Zacks Research upgraded shares of Photronics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Craig Hallum increased their price objective on Photronics from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. DA Davidson boosted their target price on Photronics from $30.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Photronics in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $43.50.

Photronics Stock Performance

Shares of NASDAQ PLAB opened at $35.28 on Friday. The stock’s 50-day simple moving average is $31.49 and its 200-day simple moving average is $25.41. The firm has a market capitalization of $2.08 billion, a PE ratio of 15.41 and a beta of 1.52. Photronics, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $39.80.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings results on Wednesday, December 10th. The semiconductor company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.47 by $0.13. The company had revenue of $215.77 million for the quarter, compared to analyst estimates of $204.54 million. Photronics had a net margin of 16.06% and a return on equity of 7.87%. The firm’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 earnings per share. Photronics has set its Q1 2026 guidance at 0.510-0.590 EPS. On average, sell-side analysts forecast that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Photronics Profile

Photronics, Inc is a leading global supplier of photomask products used in the manufacture of integrated circuits, flat panel displays, microelectromechanical systems (MEMS), and advanced packaging applications. Photomasks, also known as reticles, are critical templates that carry the precise circuit patterns required for semiconductor lithography processes. The company offers a comprehensive range of mask solutions, including binary masks, attenuated phase-shift masks, reticles for micro-optics, and specialized products for high‐resolution applications.

Founded in 1969 and headquartered in Brookfield, Connecticut, Photronics has grown through organic expansion and strategic investments in high‐end lithography technology.