Voya Investment Management LLC Sells 24,963 Shares of Photronics, Inc. $PLAB

Voya Investment Management LLC lowered its stake in shares of Photronics, Inc. (NASDAQ:PLAB) by 12.2% in the third quarter, Holdings Channel reports. The institutional investor owned 178,836 shares of the semiconductor company’s stock after selling 24,963 shares during the period. Voya Investment Management LLC’s holdings in Photronics were worth $4,104,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Byrne Asset Management LLC bought a new position in shares of Photronics in the 2nd quarter worth $40,000. Newbridge Financial Services Group Inc. grew its stake in Photronics by 336.4% in the second quarter. Newbridge Financial Services Group Inc. now owns 3,600 shares of the semiconductor company’s stock valued at $68,000 after purchasing an additional 2,775 shares during the last quarter. State of Wyoming bought a new position in Photronics in the first quarter worth about $98,000. Tower Research Capital LLC TRC lifted its position in shares of Photronics by 424.0% during the second quarter. Tower Research Capital LLC TRC now owns 8,363 shares of the semiconductor company’s stock valued at $157,000 after buying an additional 6,767 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Photronics by 24.2% in the 2nd quarter. Osaic Holdings Inc. now owns 8,715 shares of the semiconductor company’s stock valued at $164,000 after buying an additional 1,698 shares in the last quarter. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Singular Research raised shares of Photronics to a “strong-buy” rating in a research report on Thursday, September 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Photronics in a report on Monday. DA Davidson boosted their target price on Photronics from $30.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Wall Street Zen upgraded Photronics from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Zacks Research upgraded Photronics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $43.50.

Photronics Price Performance

NASDAQ PLAB opened at $34.05 on Friday. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 14.87 and a beta of 1.54. The stock’s fifty day moving average price is $25.85 and its 200 day moving average price is $22.81. Photronics, Inc. has a 1 year low of $16.46 and a 1 year high of $39.80.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, December 10th. The semiconductor company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.13. The business had revenue of $215.77 million for the quarter, compared to the consensus estimate of $204.54 million. Photronics had a return on equity of 7.87% and a net margin of 16.06%.The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 EPS. Photronics has set its Q1 2026 guidance at 0.510-0.590 EPS. Research analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current year.

Insider Transactions at Photronics

In related news, Director Mary Paladino sold 42,750 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $24.00, for a total value of $1,026,000.00. Following the transaction, the director owned 33,798 shares in the company, valued at approximately $811,152. This represents a 55.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Han Kyung Park sold 13,750 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $37.99, for a total transaction of $522,362.50. Following the transaction, the senior vice president directly owned 89,250 shares of the company’s stock, valued at $3,390,607.50. This represents a 13.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 160,250 shares of company stock valued at $5,027,225 over the last quarter. Company insiders own 3.20% of the company’s stock.

About Photronics

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.