Skylands Capital LLC Sells 47,650 Shares of Photronics, Inc. $PLAB

Skylands Capital LLC cut its stake in shares of Photronics, Inc. (NASDAQ:PLAB) by 34.2% in the fourth quarter, Holdings Channel reports. The firm owned 91,525 shares of the semiconductor company’s stock after selling 47,650 shares during the quarter. Skylands Capital LLC’s holdings in Photronics were worth $2,929,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Torren Management LLC bought a new position in Photronics during the fourth quarter worth about $26,000. Larson Financial Group LLC bought a new stake in shares of Photronics in the 3rd quarter valued at about $28,000. Hantz Financial Services Inc. raised its position in shares of Photronics by 673.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,485 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 1,293 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of Photronics in the 4th quarter valued at approximately $55,000. Finally, GAMMA Investing LLC boosted its stake in Photronics by 21.9% during the 4th quarter. GAMMA Investing LLC now owns 2,609 shares of the semiconductor company’s stock worth $83,000 after acquiring an additional 469 shares during the last quarter. Institutional investors own 88.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Photronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Wall Street Zen raised shares of Photronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Craig Hallum reissued a “buy” rating and issued a $48.00 price target on shares of Photronics in a report on Tuesday, March 3rd. Lake Street Capital began coverage on shares of Photronics in a research report on Friday, March 20th. They issued a “buy” rating and a $46.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Photronics in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Photronics presently has an average rating of “Buy” and a consensus target price of $46.33.

Photronics Stock Performance

NASDAQ PLAB opened at $51.40 on Tuesday. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 21.87 and a beta of 1.43. The business has a 50 day simple moving average of $40.47 and a 200 day simple moving average of $33.25. Photronics, Inc. has a 52-week low of $16.59 and a 52-week high of $52.79.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings results on Wednesday, February 25th. The semiconductor company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. The firm had revenue of $225.07 million for the quarter, compared to analyst estimates of $220.09 million. Photronics had a net margin of 15.83% and a return on equity of 7.88%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. On average, analysts predict that Photronics, Inc. will post 2.35 EPS for the current year.

Insiders Place Their Bets

In other Photronics news, CAO Rui Zhang sold 4,556 shares of Photronics stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $46.70, for a total value of $212,765.20. Following the sale, the chief accounting officer owned 27,079 shares of the company’s stock, valued at $1,264,589.30. This trade represents a 14.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Eric Rivera sold 1,000 shares of the business’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $44.77, for a total value of $44,770.00. Following the completion of the sale, the chief financial officer owned 136,173 shares in the company, valued at approximately $6,096,465.21. This trade represents a 0.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 346,144 shares of company stock worth $15,061,759 in the last ninety days. 3.30% of the stock is owned by insiders.

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.