Meeder Asset Management Inc. Has $8.91 Million Position in Photronics, Inc. $PLAB

Meeder Asset Management Inc. lessened its stake in Photronics, Inc. (NASDAQ:PLAB) by 21.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 220,614 shares of the semiconductor company’s stock after selling 60,763 shares during the period. Meeder Asset Management Inc.’s holdings in Photronics were worth $8,915,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PLAB. Royal Bank of Canada lifted its stake in shares of Photronics by 30.1% in the first quarter. Royal Bank of Canada now owns 219,290 shares of the semiconductor company’s stock worth $4,553,000 after acquiring an additional 50,707 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Photronics by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,647 shares of the semiconductor company’s stock valued at $761,000 after purchasing an additional 1,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Photronics by 14.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,752 shares of the semiconductor company’s stock worth $2,009,000 after purchasing an additional 12,159 shares during the last quarter. Intech Investment Management LLC raised its holdings in Photronics by 6.0% during the 1st quarter. Intech Investment Management LLC now owns 62,441 shares of the semiconductor company’s stock worth $1,296,000 after purchasing an additional 3,526 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Photronics by 21.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 273,646 shares of the semiconductor company’s stock worth $5,153,000 after purchasing an additional 48,342 shares during the period. Institutional investors and hedge funds own 88.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Freedom Capital raised shares of Photronics to a “strong-buy” rating in a research note on Thursday, July 2nd. Weiss Ratings raised shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Craig Hallum restated a “buy” rating on shares of Photronics in a report on Friday, May 29th. Zacks Research cut shares of Photronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen downgraded Photronics from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Photronics presently has an average rating of “Buy” and an average target price of $49.33.

Key Photronics News

Here are the key news stories impacting Photronics this week:

• Neutral Sentiment: Multiple law firms announced or reminded investors about a securities class action against Photronics, with lead-plaintiff deadlines in early September 2026. Photronics, Inc. (PLAB) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
• Neutral Sentiment: The lawsuit alleges investors were harmed during a class period from December 10, 2025 to May 27, 2026, adding legal uncertainty and potential distraction for the company. Bronstein, Gewirtz & Grossman LLC Urges Photronics, Inc. Investors to Act: Class Action Filed Alleging Investor Harm
• Neutral Sentiment: Updated notices say the case stems from a sharp post-earnings decline that erased significant market value and allegedly called prior statements about the IC photomask pipeline into question. Photronics, Inc. (NASDAQ: PLAB) Shares Plunge 36%, Erasing $1.1 Billion in Market Value, Securities Class Action Filed – HBSS

Photronics Stock Performance

Shares of PLAB stock opened at $28.85 on Monday. Photronics, Inc. has a fifty-two week low of $19.13 and a fifty-two week high of $56.00. The stock has a 50 day simple moving average of $36.09 and a two-hundred day simple moving average of $38.06. The company has a market cap of $1.70 billion, a P/E ratio of 10.53 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 for the quarter, missing the consensus estimate of $0.53 by ($0.11). The company had revenue of $209.94 million during the quarter, compared to the consensus estimate of $216.47 million. Photronics had a net margin of 18.47% and a return on equity of 7.69%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS. 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.