Citigroup Inc. Sells 62,062 Shares of Photronics, Inc. $PLAB

Citigroup Inc. decreased its holdings in Photronics, Inc. (NASDAQ:PLAB) by 21.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,213 shares of the semiconductor company’s stock after selling 62,062 shares during the quarter. Citigroup Inc. owned about 0.38% of Photronics worth $5,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Isthmus Partners LLC purchased a new stake in shares of Photronics in the 3rd quarter worth about $600,000. Denali Advisors LLC raised its stake in Photronics by 64.8% in the third quarter. Denali Advisors LLC now owns 235,238 shares of the semiconductor company’s stock worth $5,399,000 after buying an additional 92,475 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in Photronics by 8.3% in the third quarter. Public Sector Pension Investment Board now owns 234,603 shares of the semiconductor company’s stock worth $5,384,000 after buying an additional 17,943 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in Photronics by 15.7% in the third quarter. Illinois Municipal Retirement Fund now owns 34,130 shares of the semiconductor company’s stock worth $783,000 after buying an additional 4,644 shares during the period. Finally, Leuthold Group LLC bought a new stake in Photronics during the 3rd quarter valued at approximately $249,000. 88.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PLAB shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Photronics in a research report on Monday, December 29th. DA Davidson increased their price objective on Photronics from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Zacks Research lowered Photronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $48.00 target price on shares of Photronics in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.50.

Photronics Trading Down 4.5%

Photronics stock opened at $35.26 on Wednesday. The business’s fifty day simple moving average is $35.54 and its two-hundred day simple moving average is $28.28. Photronics, Inc. has a 12 month low of $16.46 and a 12 month high of $45.40. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 15.00 and a beta of 1.50.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Wednesday, February 25th. The semiconductor company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.07. The firm had revenue of $225.07 million during the quarter, compared to the consensus estimate of $220.09 million. Photronics had a return on equity of 7.88% and a net margin of 15.83%.The company’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. On average, equities research analysts predict that Photronics, Inc. will post 2.3 EPS for the current year.

Insider Activity

In other news, SVP Han Kyung Park sold 13,750 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $37.99, for a total transaction of $522,362.50. Following the sale, the senior vice president owned 89,250 shares in the company, valued at $3,390,607.50. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christopher J. Progler sold 25,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $35.78, for a total value of $894,500.00. Following the sale, the executive vice president owned 165,591 shares in the company, valued at approximately $5,924,845.98. This represents a 13.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 171,250 shares of company stock worth $6,091,950. Corporate insiders own 3.30% of the company’s stock.

Photronics Company 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.