Brokerages Set Photronics, Inc. (NASDAQ:PLAB) PT at $43.50

Shares of Photronics, Inc. (NASDAQ:PLAB) have received an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $43.50.

PLAB has been the topic of a number of recent research reports. Craig Hallum lifted their price objective on shares of Photronics from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, December 11th. DA Davidson raised their target price on shares of Photronics from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Zacks Research downgraded shares of Photronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Photronics in a research report on Monday, December 29th.

Insider Buying and Selling

In other news, EVP Christopher J. Progler sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $35.78, for a total transaction of $894,500.00. Following the sale, the executive vice president owned 165,591 shares in the company, valued at $5,924,845.98. This represents a 13.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Han Kyung Park sold 13,750 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $37.99, for a total transaction of $522,362.50. Following the completion of 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. The SEC filing for this sale provides additional information. Insiders sold 181,250 shares of company stock worth $6,317,150 over the last 90 days. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Photronics

A number of institutional investors and hedge funds have recently modified their holdings of PLAB. Inspire Investing LLC lifted its holdings in shares of Photronics by 201.3% during the third quarter. Inspire Investing LLC now owns 62,556 shares of the semiconductor company’s stock worth $1,436,000 after buying an additional 41,791 shares in the last quarter. AlphaQuest LLC grew its stake in shares of Photronics by 323.1% in the third quarter. AlphaQuest LLC now owns 50,036 shares of the semiconductor company’s stock valued at $1,148,000 after acquiring an additional 38,209 shares in the last quarter. Boston Partners increased its position in Photronics by 2.9% during the second quarter. Boston Partners now owns 826,718 shares of the semiconductor company’s stock worth $15,706,000 after acquiring an additional 23,037 shares during the period. LSV Asset Management raised its stake in Photronics by 17.2% in the 2nd quarter. LSV Asset Management now owns 2,607,874 shares of the semiconductor company’s stock worth $49,106,000 after purchasing an additional 383,355 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in Photronics in the 3rd quarter valued at about $864,000. 88.38% of the stock is owned by institutional investors.

Photronics Price Performance

PLAB opened at $38.00 on Thursday. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 16.59 and a beta of 1.52. The business’s 50-day moving average price is $34.98 and its two-hundred day moving average price is $27.36. Photronics has a 1 year low of $16.46 and a 1 year high of $39.80.

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

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.