Photronics, Inc. $PLAB Stock Holdings Lifted by Isthmus Partners LLC

Isthmus Partners LLC lifted its stake in Photronics, Inc. (NASDAQ:PLAB) by 28.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,401 shares of the semiconductor company’s stock after buying an additional 27,924 shares during the period. Isthmus Partners LLC owned approximately 0.22% of Photronics worth $3,921,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Photronics during the 2nd quarter valued at about $308,586,000. Janus Henderson Group PLC lifted its position in Photronics by 32.5% during the 1st quarter. Janus Henderson Group PLC now owns 823,488 shares of the semiconductor company’s stock worth $33,289,000 after acquiring an additional 202,040 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Photronics in the 2nd quarter worth approximately $12,374,000. Heartland Advisors Inc. purchased a new position in Photronics in the 2nd quarter worth approximately $12,355,000. Finally, Empowered Funds LLC boosted its holdings in Photronics by 1.6% in the 1st quarter. Empowered Funds LLC now owns 290,142 shares of the semiconductor company’s stock worth $11,725,000 after acquiring an additional 4,540 shares during the period. Institutional investors and hedge funds own 88.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on PLAB shares. Freedom Capital raised shares of Photronics to a “strong-buy” rating in a research report on Thursday, July 2nd. Zacks Research raised shares of Photronics to a “hold” rating in a research report on Friday, August 14th. Wall Street Zen upgraded shares of Photronics from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Finally, Weiss Ratings upgraded shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Photronics has an average rating of “Moderate Buy” and an average price target of $49.33.

Photronics Stock Performance

NASDAQ:PLAB opened at $27.90 on Friday. Photronics, Inc. has a one year low of $20.05 and a one year high of $56.00. The business’s 50-day simple moving average is $29.52 and its 200 day simple moving average is $35.02. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 13.58 and a beta of 1.32.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. Photronics had a return on equity of 7.45% and a net margin of 19.05%. The firm had revenue of $216.05 million during the quarter, compared to the consensus estimate of $208.75 million. During the same quarter in the prior year, the business posted $0.51 earnings per share. Photronics’s revenue for the quarter was up 2.7% on a year-over-year basis. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. On average, equities research analysts predict that Photronics, Inc. will post 1.90 EPS for the current year.

Insider Activity at Photronics

In other news, SVP Han Park sold 9,500 shares of the stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $30.37, for a total transaction of $288,515.00. Following the completion of the transaction, the senior vice president directly owned 66,000 shares in the company, valued at approximately $2,004,420. This represents a 12.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kang Lee sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $29.70, for a total transaction of $297,000.00. Following the sale, the director directly owned 354,850 shares of the company’s stock, valued at $10,539,045. The trade was a 2.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 37,000 shares of company stock valued at $1,114,265. Company insiders own 3.30% of the company’s stock.

About Photronics

Photronics, Inc (NASDAQ: PLAB) is a manufacturer of photomasks, also known as photolithography masks, used in the production of semiconductors and flat-panel displays. Its products contain the patterns that are transferred onto silicon wafers or display substrates during the manufacturing process.

The company supplies photomasks for integrated circuits, including products used in advanced logic, memory, and other semiconductor applications. It also produces photomasks for flat-panel displays used in products such as televisions, monitors, smartphones, and other electronic devices.