Isthmus Partners LLC Invests $600,000 in Photronics, Inc. $PLAB

Isthmus Partners LLC acquired a new stake in shares of Photronics, Inc. (NASDAQ:PLAB) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 26,161 shares of the semiconductor company’s stock, valued at approximately $600,000.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PLAB. Craig Hallum raised their price target on shares of Photronics from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Zacks Research lowered Photronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. DA Davidson upped their price target on Photronics from $30.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Photronics in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.50.

Photronics Price Performance

Photronics stock opened at $38.00 on Friday. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 16.59 and a beta of 1.52. Photronics, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $39.80. The firm has a fifty day moving average price of $34.98 and a two-hundred day moving average price of $27.31.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Wednesday, December 10th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $204.54 million. During the same period last year, the business posted $0.59 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year. Photronics has set its Q1 2026 guidance at 0.510-0.590 EPS. As a group, sell-side analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Han Kyung Park sold 13,750 shares of the business’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 transaction, the senior vice president owned 89,250 shares of the company’s stock, valued at approximately $3,390,607.50. The trade was a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kang Jyh Lee sold 20,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $38.53, for a total transaction of $770,600.00. Following the completion of the sale, the director directly owned 493,350 shares of the company’s stock, valued at approximately $19,008,775.50. This trade represents a 3.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 181,250 shares of company stock valued at $6,317,150. Corporate 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.