Vaughan Nelson Investment Management L.P. Purchases Shares of 1,185,405 Photronics, Inc. $PLAB

Vaughan Nelson Investment Management L.P. acquired a new position in shares of Photronics, Inc. (NASDAQ:PLAB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,185,405 shares of the semiconductor company’s stock, valued at approximately $47,902,000.

Other large investors have also recently made changes to their positions in the company. LSV Asset Management lifted its stake in shares of Photronics by 14.7% in the fourth quarter. LSV Asset Management now owns 2,883,463 shares of the semiconductor company’s stock valued at $92,271,000 after buying an additional 370,489 shares in the last quarter. American Century Companies Inc. increased its position in shares of Photronics by 4.6% during the third quarter. American Century Companies Inc. now owns 2,412,245 shares of the semiconductor company’s stock worth $55,361,000 after acquiring an additional 106,069 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Photronics by 699.0% during the third quarter. Victory Capital Management Inc. now owns 2,305,610 shares of the semiconductor company’s stock worth $52,914,000 after acquiring an additional 2,017,052 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Photronics by 395.9% in the 4th quarter. Invesco Ltd. now owns 1,536,374 shares of the semiconductor company’s stock worth $49,164,000 after acquiring an additional 1,226,588 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Photronics by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,023,766 shares of the semiconductor company’s stock worth $32,761,000 after acquiring an additional 33,573 shares during the last quarter. 88.38% of the stock is owned by institutional investors.

Photronics Price Performance

NASDAQ PLAB opened at $33.63 on Monday. The company has a fifty day moving average price of $43.57 and a 200-day moving average price of $38.28. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 12.27 and a beta of 1.37. Photronics, Inc. has a 1 year low of $18.00 and a 1 year high of $56.00.

Photronics (NASDAQ:PLAB) last released its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.11). Photronics had a net margin of 18.47% and a return on equity of 7.69%. The firm had revenue of $209.94 million for the quarter, compared to the consensus estimate of $216.47 million. During the same period in the previous year, the business earned $0.40 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS.

Insider Transactions at Photronics

In other Photronics news, CFO Eric Rivera sold 1,000 shares of Photronics stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $44.77, for a total transaction of $44,770.00. Following the transaction, the chief financial officer owned 136,173 shares of the company’s stock, valued at $6,096,465.21. This trade represents a 0.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kang Jyh Lee sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 355,850 shares in the company, valued at $16,340,632. The trade was a 5.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 326,144 shares of company stock worth $14,313,759. Company insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Craig Hallum reaffirmed a “buy” rating on shares of Photronics in a research report on Friday, May 29th. Zacks Research lowered Photronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Wall Street Zen downgraded Photronics from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Lake Street Capital restated a “buy” rating and issued a $55.00 target price on shares of Photronics in a report on Friday, May 1st. Finally, Weiss Ratings raised Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $49.33.

Photronics 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.