Photronics, Inc. (NASDAQ:PLAB) Receives $49.33 Average Target Price from Brokerages

Shares of Photronics, Inc. (NASDAQ:PLAB) have been given an average recommendation of “Buy” by the seven analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $49.3333.

PLAB has been the topic of several research analyst reports. Craig Hallum reissued a “buy” rating on shares of Photronics in a research note on Friday, May 29th. Zacks Research lowered Photronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered Photronics from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Lake Street Capital reiterated a “buy” rating and issued a $55.00 price target on shares of Photronics in a report on Friday, May 1st. Finally, Freedom Capital raised shares of Photronics to a “strong-buy” rating in a research report on Thursday, July 2nd.

Key Headlines Impacting Photronics

Here are the key news stories impacting Photronics this week:

• Positive Sentiment: Investor-rights firms are telling shareholders that the stock may have been oversold and that affected investors could seek recovery, which can sometimes encourage bargain hunting after a large drop. Article Title
• Neutral Sentiment: Multiple law firms renewed reminders about the September 4 lead-plaintiff deadline in the class action, keeping the litigation in focus for investors but not adding new operational details. Article Title
• Neutral Sentiment: Rosen, Pomerantz, Schall, Bronstein, Gross Law Firm, Faruqi & Faruqi, and others all issued similar class-action notices, signaling that the legal overhang remains the main story rather than any new business update. Article Title
• Negative Sentiment: Hagens Berman said it is investigating alleged securities-law violations after the filing of a class action accusing Photronics of misleading investors about demand and the outlook for its high-end IC photomask line, which increases legal uncertainty for PLAB. Article Title

Institutional Investors Weigh In On Photronics

A number of large investors have recently modified their holdings of PLAB. K.J. Harrison & Partners Inc purchased a new stake in Photronics in the fourth quarter worth about $960,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Photronics during the 1st quarter worth approximately $47,902,000. LSV Asset Management grew its holdings in shares of Photronics by 14.7% during the 4th quarter. LSV Asset Management now owns 2,883,463 shares of the semiconductor company’s stock worth $92,271,000 after acquiring an additional 370,489 shares during the period. Denali Advisors LLC raised its position in shares of Photronics by 33.2% in the 4th quarter. Denali Advisors LLC now owns 313,404 shares of the semiconductor company’s stock worth $10,029,000 after acquiring an additional 78,166 shares in the last quarter. Finally, Decker Retirement Planning Inc. bought a new position in shares of Photronics in the 1st quarter worth approximately $3,935,000. Institutional investors own 88.38% of the company’s stock.

Photronics Trading Up 8.3%

Photronics stock opened at $31.34 on Friday. The firm has a market cap of $1.85 billion, a P/E ratio of 11.44 and a beta of 1.37. Photronics has a 1-year low of $19.13 and a 1-year high of $56.00. The firm has a 50-day moving average of $35.16 and a 200-day moving average of $38.02.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 18.47% and a return on equity of 7.69%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS.

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.