Caxton Associates LLP Lowers Position in Photronics, Inc. $PLAB

Caxton Associates LLP decreased its holdings in shares of Photronics, Inc. (NASDAQ:PLAB) by 51.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,356 shares of the semiconductor company’s stock after selling 25,124 shares during the period. Caxton Associates LLP’s holdings in Photronics were worth $944,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PLAB. Royal Bank of Canada grew its holdings in shares of Photronics by 30.1% during the first quarter. Royal Bank of Canada now owns 219,290 shares of the semiconductor company’s stock worth $4,553,000 after purchasing an additional 50,707 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Photronics by 14.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,752 shares of the semiconductor company’s stock valued at $2,009,000 after purchasing an additional 12,159 shares during the last quarter. Intech Investment Management LLC lifted its position in Photronics by 6.0% during the first quarter. Intech Investment Management LLC now owns 62,441 shares of the semiconductor company’s stock valued at $1,296,000 after purchasing an additional 3,526 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Photronics by 21.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 273,646 shares of the semiconductor company’s stock worth $5,153,000 after buying an additional 48,342 shares in the last quarter. 88.38% of the stock is currently owned by institutional investors.

Photronics Price Performance

Shares of PLAB opened at $30.33 on Monday. Photronics, Inc. has a 1 year low of $19.26 and a 1 year high of $56.00. The stock has a 50 day simple moving average of $33.93 and a two-hundred day simple moving average of $37.98. The firm has a market cap of $1.79 billion, a P/E ratio of 11.07 and a beta of 1.37.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.11). The business had revenue of $209.94 million for the quarter, compared to analysts’ expectations of $216.47 million. Photronics had a return on equity of 7.69% and a net margin of 18.47%.The company’s revenue was down .5% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS.

Analyst Ratings Changes

A number of brokerages have recently commented on PLAB. Lake Street Capital reissued a “buy” rating and issued a $55.00 price target on shares of Photronics in a report on Friday, May 1st. Zacks Research lowered shares of Photronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Wall Street Zen cut Photronics from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Craig Hallum reissued a “buy” rating on shares of Photronics in a research note on Friday, May 29th. Finally, Freedom Capital upgraded Photronics to a “strong-buy” rating in a research report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $49.33.

Trending Headlines about Photronics

Here are the key news stories impacting Photronics this week:

• Negative Sentiment: Multiple law firms issued investor alerts and reminders about a securities class action against Photronics, with deadlines for shareholders who bought shares between December 10, 2025 and May 27, 2026 to seek lead-plaintiff status by September 4, 2026. Article Title
• Negative Sentiment: Hagens Berman said it is investigating Photronics in connection with allegations that the company misled investors about demand and outlook for its high-end IC photomask line, reinforcing concerns tied to the lawsuit. Article Title
• Neutral Sentiment: Several additional firms, including Rosen, Faruqi & Faruqi, Johnson Fistel, Pomerantz, Bernstein Liebhard, and others, published similar notices about the same class action, increasing headline noise but not adding new operational information for the company. Article Title
• Neutral Sentiment: An MSN piece on whether PLAB is a buy, sell, or hold after Q1 earnings may influence sentiment, but it does not appear to add fresh company-specific news. Article Title

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.