Photronics, Inc. (NASDAQ:PLAB) Receives $46.50 Consensus Price Target from Analysts

Shares of Photronics, Inc. (NASDAQ:PLAB) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $46.3333.

Several analysts recently issued reports on the company. Lake Street Capital started coverage on Photronics in a report on Friday. They issued a “buy” rating and a $46.00 price target on the stock. DA Davidson upped their price objective 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 raised Photronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Photronics in a research note on Monday, December 29th. Finally, Craig Hallum restated a “buy” rating and set a $48.00 price target on shares of Photronics in a research report on Tuesday, March 3rd.

Photronics Stock Down 1.7%

Shares of NASDAQ:PLAB opened at $36.34 on Monday. The company has a market cap of $2.14 billion, a PE ratio of 15.46 and a beta of 1.50. Photronics has a fifty-two week low of $16.46 and a fifty-two week high of $45.40. The firm has a 50-day simple moving average of $35.92 and a 200 day simple moving average of $29.45.

Photronics (NASDAQ:PLAB) last issued its earnings results on Wednesday, February 25th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. The firm had revenue of $225.07 million for the quarter, compared to analysts’ expectations of $220.09 million. Photronics had a net margin of 15.83% and a return on equity of 7.88%. Photronics’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $0.52 earnings per share. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. As a group, research analysts forecast that Photronics will post 2.3 EPS for the current fiscal year.

Insider Activity

In other Photronics news, SVP Han Kyung Park sold 6,250 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $34.89, for a total value of $218,062.50. Following the sale, the senior vice president owned 75,500 shares in the company, valued at approximately $2,634,195. This trade represents a 7.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mitchell G. Tyson sold 5,000 shares of Photronics stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $35.21, for a total value of $176,050.00. Following the sale, the director directly owned 43,199 shares in the company, valued at approximately $1,521,036.79. This trade represents a 10.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 78,750 shares of company stock valued at $2,694,425. 3.30% of the stock is owned by company insiders.

Institutional Trading of Photronics

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in Photronics by 30.1% during the 1st 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 holdings in shares of Photronics by 4.6% during the first 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 stake in shares of Photronics by 14.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,752 shares of the semiconductor company’s stock valued at $2,009,000 after purchasing an additional 12,159 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Photronics by 6.0% during the first quarter. Intech Investment Management LLC now owns 62,441 shares of the semiconductor company’s stock valued at $1,296,000 after purchasing an additional 3,526 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Photronics by 19.9% in the second quarter. Envestnet Asset Management Inc. now owns 68,839 shares of the semiconductor company’s stock worth $1,296,000 after purchasing an additional 11,422 shares during the period. 88.38% of the stock is currently owned by institutional investors and hedge funds.

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.