Heartland Advisors Inc. Takes $12.36 Million Position in Photronics, Inc. $PLAB

Heartland Advisors Inc. purchased a new position in shares of Photronics, Inc. (NASDAQ:PLAB) in the second quarter, HoldingsChannel reports. The firm purchased 379,795 shares of the semiconductor company’s stock, valued at approximately $12,355,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Photronics in the 2nd quarter valued at about $308,586,000. Invesco Ltd. lifted its position in Photronics by 395.9% in the fourth quarter. Invesco Ltd. now owns 1,536,374 shares of the semiconductor company’s stock valued at $49,164,000 after buying an additional 1,226,588 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Photronics during the first quarter worth about $47,902,000. Janus Henderson Group PLC boosted its stake in Photronics by 2,201.5% during the fourth quarter. Janus Henderson Group PLC now owns 621,448 shares of the semiconductor company’s stock worth $19,883,000 after buying an additional 594,446 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Photronics during the second quarter valued at about $12,374,000. 88.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PLAB. Wall Street Zen downgraded shares of Photronics from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Craig Hallum reaffirmed a “buy” rating on shares of Photronics in a research report on Friday, May 29th. Zacks Research upgraded shares of Photronics to a “hold” rating in a report on Friday, August 14th. Freedom Capital raised Photronics to a “strong-buy” rating in a research report on Thursday, July 2nd. Finally, Lake Street Capital reissued a “buy” rating and issued a $55.00 target price on shares of Photronics in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $49.33.

Photronics Trading Down 0.0%

Photronics stock opened at $30.51 on Friday. The firm has a market capitalization of $1.80 billion, a P/E ratio of 11.14 and a beta of 1.38. Photronics, Inc. has a twelve month low of $20.05 and a twelve month high of $56.00. The stock’s fifty day simple moving average is $30.93 and its 200-day simple moving average is $37.54.

Photronics (NASDAQ:PLAB) last released its earnings results on Thursday, May 28th. The semiconductor company reported $0.42 earnings per share (EPS) 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 company had revenue of $209.94 million during the quarter, compared to analysts’ expectations of $216.47 million. During the same quarter last year, the business posted $0.40 earnings per share. The company’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. Sell-side analysts predict that Photronics, Inc. will post 1.85 earnings per share for the current year.

More Photronics News

Here are the key news stories impacting Photronics this week:

• Positive Sentiment: Photronics is scheduled to report quarterly results before the market opens on Wednesday, August 26. The report could become a near-term catalyst because investors will be focused on photomask demand, any recovery in high-end IC products and management’s outlook. This Earnings Report Could Steal The Show Next Week
• Neutral Sentiment: The company will participate in the Three Part Advisors Midwest IDEAS Conference on August 27 and the Lake Street Capital BIG10 Conference on September 10, providing additional opportunities for management to address business conditions and investor concerns. Photronics to Participate in Upcoming Investor Conferences
• Negative Sentiment: Several investor-rights firms, including Rosen, Kaplan Fox, Pomerantz, Hagens Berman and others, reminded shareholders about or promoted participation in a securities class action covering purchases from December 10, 2025, through May 27, 2026. The repeated announcements increase visibility around potential legal costs, reputational damage and uncertainty regarding the company’s disclosures. Rosen Photronics Investor Deadline Alert
• Negative Sentiment: Separate notices link the investor losses to a prior sharp selloff after Photronics indicated that an expected post-holiday recovery had stalled. That narrative reinforces concerns about slowing demand and puts added pressure on the upcoming earnings release to clarify the company’s outlook. Photronics Shareholder Loss Recovery Notice

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.