Mitchell Tyson Sells 10,000 Shares of Photronics (NASDAQ:PLAB) Stock

Photronics, Inc. (NASDAQ:PLAB) Director Mitchell Tyson sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $42.31, for a total transaction of $423,100.00. Following the transaction, the director directly owned 33,199 shares of the company’s stock, valued at $1,404,649.69. The trade was a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Photronics Stock Performance

Shares of PLAB stock opened at $40.85 on Friday. Photronics, Inc. has a 12-month low of $16.46 and a 12-month high of $45.40. The firm’s 50 day moving average is $37.14 and its 200 day moving average is $30.65. The stock has a market capitalization of $2.41 billion, a P/E ratio of 17.38 and a beta of 1.43.

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

Hedge Funds Weigh In On Photronics

Several institutional investors and hedge funds have recently bought and sold shares of PLAB. Russell Investments Group Ltd. lifted its position in Photronics by 0.3% during the fourth quarter. Russell Investments Group Ltd. now owns 105,784 shares of the semiconductor company’s stock valued at $3,385,000 after purchasing an additional 306 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Photronics by 16.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,624 shares of the semiconductor company’s stock worth $84,000 after buying an additional 365 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Photronics by 29.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,917 shares of the semiconductor company’s stock worth $61,000 after buying an additional 432 shares during the period. GAMMA Investing LLC raised its stake in shares of Photronics by 21.9% in the fourth quarter. GAMMA Investing LLC now owns 2,609 shares of the semiconductor company’s stock worth $83,000 after buying an additional 469 shares during the period. Finally, Kendall Capital Management lifted its position in shares of Photronics by 1.2% during the 4th quarter. Kendall Capital Management now owns 46,385 shares of the semiconductor company’s stock valued at $1,484,000 after buying an additional 555 shares in the last quarter. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on PLAB shares. Lake Street Capital assumed coverage on Photronics in a report on Friday, March 20th. They issued a “buy” rating and a $46.00 target price on the stock. Wall Street Zen upgraded Photronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Craig Hallum reiterated a “buy” rating and issued a $48.00 price objective on shares of Photronics in a research note on Tuesday, March 3rd. DA Davidson raised their price objective on shares of Photronics from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Finally, Zacks Research lowered shares of Photronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Photronics has an average rating of “Moderate Buy” and an average target price of $46.33.

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.