Legal & General Group Plc Makes New $4.36 Million Investment in Photronics, Inc. $PLAB

Legal & General Group Plc bought a new position in shares of Photronics, Inc. (NASDAQ:PLAB) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 133,896 shares of the semiconductor company’s stock, valued at approximately $4,356,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLAB. K.J. Harrison & Partners Inc purchased a new position in shares of Photronics during the 4th quarter valued at about $960,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Photronics in the first quarter worth about $47,902,000. BlackRock Inc. acquired a new stake in Photronics during the second quarter worth about $308,586,000. Decker Retirement Planning Inc. acquired a new stake in Photronics during the first quarter worth about $3,935,000. Finally, Kendall Capital Management purchased a new position in Photronics during the second quarter valued at approximately $1,432,000. 88.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wall Street Zen downgraded Photronics from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Zacks Research raised shares of Photronics to a “hold” rating in a report on Friday, August 14th. Craig Hallum reiterated a “buy” rating on shares of Photronics in a research note on Friday, May 29th. Weiss Ratings downgraded shares of Photronics from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Finally, Freedom Capital upgraded shares of Photronics to a “strong-buy” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Photronics currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.33.

More Photronics News

Here are the key news stories impacting Photronics this week:

• Positive Sentiment: Photronics recently reported quarterly EPS of $0.50, exceeding the $0.40 consensus estimate, while revenue of $216.1 million also topped expectations. Revenue increased 2.7% year over year, and management’s fourth-quarter EPS guidance of $0.40–$0.56 suggests continued profitability.
• Neutral Sentiment: Multiple law firms, including Kaplan Fox, Rosen, Hagens Berman, Faruqi & Faruqi, and others, reminded investors of the September 4, 2026 deadline to seek lead-plaintiff status in a previously filed federal securities class action. These notices largely repeat the same information rather than representing separate lawsuits or new company operating results. Kaplan Fox deadline notice
• Negative Sentiment: The lawsuit covers investors who acquired Photronics securities from December 10, 2025, through May 27, 2026. The complaints allege that Photronics misled investors about demand and the outlook for its high-end integrated-circuit photomask product line, potentially exposing the company to litigation costs, reputational damage, and shareholder claims. The allegations have not been proven. Hagens Berman lawsuit notice

Photronics Price Performance

Photronics stock opened at $29.13 on Friday. The stock has a market capitalization of $1.72 billion, a PE ratio of 10.26 and a beta of 1.35. The business has a 50 day simple moving average of $30.24 and a 200-day simple moving average of $36.99. Photronics, Inc. has a 12 month low of $20.05 and a 12 month high of $56.00.

Photronics (NASDAQ:PLAB) last announced its earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. The firm had revenue of $216.05 million for the quarter, compared to analyst estimates of $208.75 million. Photronics had a return on equity of 7.45% and a net margin of 19.05%.The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. On average, equities research analysts anticipate that Photronics, Inc. will post 1.85 EPS for the current fiscal year.

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.