21,563 Shares in Photronics, Inc. $PLAB Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Photronics, Inc. (NASDAQ:PLAB - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,563 shares of the semiconductor company's stock, valued at approximately $406,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Illinois Municipal Retirement Fund boosted its stake in Photronics by 4.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 31,525 shares of the semiconductor company's stock valued at $654,000 after purchasing an additional 1,440 shares during the last quarter. Skylands Capital LLC boosted its stake in Photronics by 15.4% during the 1st quarter. Skylands Capital LLC now owns 189,800 shares of the semiconductor company's stock valued at $3,940,000 after purchasing an additional 25,300 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Photronics by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 342,886 shares of the semiconductor company's stock valued at $7,118,000 after purchasing an additional 8,305 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Photronics by 50.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 57,417 shares of the semiconductor company's stock valued at $1,192,000 after purchasing an additional 19,375 shares during the last quarter. Finally, Alps Advisors Inc. boosted its stake in Photronics by 10.3% during the 1st quarter. Alps Advisors Inc. now owns 16,694 shares of the semiconductor company's stock valued at $347,000 after purchasing an additional 1,558 shares during the last quarter. Hedge funds and other institutional investors own 88.38% of the company's stock.

Photronics Trading Down 0.1%

Shares of PLAB stock opened at $23.92 on Friday. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 13.59 and a beta of 1.54. Photronics, Inc. has a 12-month low of $16.46 and a 12-month high of $31.60. The stock's 50-day moving average price is $23.13 and its 200-day moving average price is $20.57.

Photronics (NASDAQ:PLAB - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.39 by $0.12. Photronics had a return on equity of 8.19% and a net margin of 12.67%.The company had revenue of $210.39 million during the quarter, compared to analyst estimates of $204.30 million. During the same quarter last year, the business posted $0.51 earnings per share. The firm's revenue was down .3% on a year-over-year basis. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. As a group, research analysts predict that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PLAB has been the topic of several recent analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Photronics in a research note on Wednesday, October 8th. Wall Street Zen upgraded Photronics from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Singular Research upgraded Photronics to a "strong-buy" rating in a research note on Thursday, September 4th. Finally, Zacks Research upgraded Photronics from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $31.00.

Insider Buying and Selling at Photronics

In other Photronics news, Director Mary Paladino sold 42,750 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $24.00, for a total transaction of $1,026,000.00. Following the completion of the transaction, the director owned 33,798 shares in the company, valued at $811,152. The trade was a 55.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher J. Progler sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $21.93, for a total value of $219,300.00. Following the transaction, the executive vice president owned 200,591 shares of the company's stock, valued at $4,398,960.63. This trade represents a 4.75% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,750 shares of company stock valued at $1,953,800. 3.20% of the stock is owned by company insiders.

Photronics Company Profile

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.

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