Photronics, Inc. $PLAB Position Increased by Isthmus Partners LLC

Isthmus Partners LLC grew its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 28.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,401 shares of the semiconductor company’s stock after buying an additional 27,924 shares during the period. Isthmus Partners LLC’s holdings in Photronics were worth $3,921,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Allworth Financial LP acquired a new position in shares of Photronics in the 2nd quarter worth approximately $26,000. First Horizon Corp acquired a new stake in shares of Photronics during the 1st quarter valued at approximately $33,000. Grove Bank & Trust acquired a new stake in shares of Photronics during the 2nd quarter valued at approximately $33,000. Integrated Wealth Concepts LLC bought a new position in Photronics during the second quarter worth $40,000. Finally, Public Employees Retirement System of Ohio bought a new position in Photronics during the second quarter worth $44,000. Institutional investors own 88.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Freedom Capital raised shares of Photronics to a “strong-buy” rating in a report on Thursday, July 2nd. Zacks Research raised shares of Photronics to a “hold” rating in a report on Friday, August 14th. Weiss Ratings raised shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. Finally, Wall Street Zen upgraded shares of Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Photronics presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.33.

Insider Buying and Selling at Photronics

In other Photronics news, SVP Han Park sold 9,500 shares of Photronics stock in a transaction on Friday, September 25th. The stock was sold at an average price of $30.37, for a total transaction of $288,515.00. Following the sale, the senior vice president owned 66,000 shares of the company’s stock, valued at $2,004,420. The trade was a 12.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kang Lee sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $30.75, for a total value of $307,500.00. Following the transaction, the director owned 337,350 shares of the company’s stock, valued at $10,373,512.50. This trade represents a 2.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,000 shares of company stock worth $1,114,265 in the last ninety days. 3.30% of the stock is owned by company insiders.

Photronics Trading Down 3.6%

PLAB opened at $27.90 on Friday. The business’s 50 day moving average is $29.52 and its 200-day moving average is $35.02. The stock has a market cap of $1.65 billion, a PE ratio of 13.58 and a beta of 1.32. Photronics, Inc. has a twelve month low of $20.05 and a twelve month high of $56.00.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.10. Photronics had a return on equity of 7.45% and a net margin of 19.05%. The business had revenue of $216.05 million during the quarter, compared to the consensus estimate of $208.75 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. As a group, analysts forecast that Photronics, Inc. will post 1.90 EPS for the current year.

Photronics Company Profile

Photronics, Inc (NASDAQ: PLAB) is a manufacturer of photomasks, also known as photolithography masks, used in the production of semiconductors and flat-panel displays. Its products contain the patterns that are transferred onto silicon wafers or display substrates during the manufacturing process.

The company supplies photomasks for integrated circuits, including products used in advanced logic, memory, and other semiconductor applications. It also produces photomasks for flat-panel displays used in products such as televisions, monitors, smartphones, and other electronic devices.