DA Davidson Has Lowered Expectations for Photronics (NASDAQ:PLAB) Stock Price

Photronics (NASDAQ:PLAB - Free Report) had its price target decreased by DA Davidson from $35.00 to $30.00 in a research report sent to investors on Thursday,Benzinga reports. DA Davidson currently has a buy rating on the semiconductor company's stock. DA Davidson also issued estimates for Photronics' Q3 2025 earnings at $0.39 EPS, FY2025 earnings at $1.75 EPS and FY2026 earnings at $2.05 EPS.

Photronics Trading Down 3.7%

Photronics stock traded down $0.64 during midday trading on Thursday, reaching $16.79. 1,425,696 shares of the stock traded hands, compared to its average volume of 545,110. The company has a 50-day simple moving average of $19.00 and a two-hundred day simple moving average of $21.83. Photronics has a 12-month low of $16.46 and a 12-month high of $31.60. The firm has a market cap of $1.07 billion, a PE ratio of 8.03 and a beta of 1.43.

Photronics (NASDAQ:PLAB - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.08). Photronics had a net margin of 15.07% and a return on equity of 9.10%. The company had revenue of $210.99 million during the quarter, compared to analysts' expectations of $212.00 million. During the same quarter in the previous year, the business posted $0.46 EPS. The business's quarterly revenue was down 2.8% compared to the same quarter last year. Equities research analysts anticipate that Photronics will post 2.3 earnings per share for the current year.

Insider Buying and Selling

In other Photronics news, CEO Kang Jyh Lee sold 10,000 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $20.90, for a total value of $209,000.00. Following the sale, the chief executive officer now owns 552,100 shares of the company's stock, valued at approximately $11,538,890. This represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Walter M. Fiederowicz sold 7,000 shares of the company's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $18.88, for a total value of $132,160.00. Following the completion of the sale, the director now directly owns 17,548 shares in the company, valued at $331,306.24. This trade represents a 28.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,548 shares of company stock valued at $1,093,093 over the last quarter. Company insiders own 3.20% of the company's stock.

Institutional Trading of Photronics

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its stake in shares of Photronics by 216.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,114 shares of the semiconductor company's stock valued at $26,000 after buying an additional 762 shares during the period. Federated Hermes Inc. purchased a new position in Photronics during the fourth quarter worth about $47,000. Parkside Financial Bank & Trust lifted its position in Photronics by 65.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,283 shares of the semiconductor company's stock worth $54,000 after buying an additional 904 shares during the period. Menard Financial Group LLC purchased a new position in Photronics during the fourth quarter worth about $66,000. Finally, KBC Group NV lifted its position in Photronics by 76.8% during the fourth quarter. KBC Group NV now owns 3,467 shares of the semiconductor company's stock worth $82,000 after buying an additional 1,506 shares during the period. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

About Photronics

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.