Analysts Set Photronics, Inc. (NASDAQ:PLAB) PT at $49.33

Shares of Photronics, Inc. (NASDAQ:PLAB) have earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $49.3333.

Several equities analysts have commented on the stock. Weiss Ratings upgraded shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Lake Street Capital reiterated a “buy” rating and set a $55.00 price objective on shares of Photronics in a research report on Friday, May 1st. Wall Street Zen lowered shares of Photronics from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Craig Hallum reiterated a “buy” rating on shares of Photronics in a research report on Friday, May 29th. Finally, Zacks Research lowered Photronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th.

Insider Transactions at Photronics

In other news, COO Hsueh-Chun Wang sold 19,250 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $45.30, for a total transaction of $872,025.00. Following the transaction, the chief operating officer owned 113,560 shares of the company’s stock, valued at approximately $5,144,268. The trade was a 14.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kang Jyh Lee sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $45.92, for a total value of $918,400.00. Following the completion of the sale, the director owned 355,850 shares of the company’s stock, valued at approximately $16,340,632. This represents a 5.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 306,144 shares of company stock worth $13,469,859. 3.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. increased 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 acquiring an additional 306 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Photronics by 16.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,624 shares of the semiconductor company’s stock valued at $84,000 after buying an additional 365 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Photronics by 29.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,917 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 432 shares during the period. GAMMA Investing LLC boosted its position in shares of Photronics by 21.9% during the fourth quarter. GAMMA Investing LLC now owns 2,609 shares of the semiconductor company’s stock valued at $83,000 after buying an additional 469 shares during the period. Finally, Kendall Capital Management boosted its position in shares of Photronics by 1.2% during the fourth 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 during the period. Institutional investors own 88.38% of the company’s stock.

Photronics Price Performance

NASDAQ:PLAB opened at $32.53 on Wednesday. Photronics has a 1 year low of $18.61 and a 1 year high of $56.00. The stock’s 50 day simple moving average is $41.65 and its two-hundred day simple moving average is $38.57. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 11.87 and a beta of 1.37.

Photronics (NASDAQ:PLAB) last released its quarterly earnings data 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). Photronics had a return on equity of 7.69% and a net margin of 18.47%.The firm had revenue of $209.94 million during the quarter, compared to the consensus estimate of $216.47 million. During the same period in the previous year, the firm earned $0.40 EPS. The business’s revenue was down .5% compared to the same quarter last year. 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.