American Century Companies Inc. Buys 177,380 Shares of Photronics, Inc. $PLAB

Key Points

• American Century Companies Inc. has increased its stake in Photronics, Inc. by 8.8% during the 1st quarter, owning 2,196,267 shares valued at approximately $45.6 million.
• Photronics reported an EPS of $0.40 for the most recent quarter, missing analyst expectations, and indicated a revenue of $210.99 million, down 2.8% year-over-year.
• Several institutional investors, including Wells Fargo and Barclays, have modified their holdings in Photronics, contributing to a total institutional ownership of 88.38%.

American Century Companies Inc. increased its stake in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) by 8.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,196,267 shares of the semiconductor company's stock after buying an additional 177,380 shares during the quarter. American Century Companies Inc. owned 3.46% of Photronics worth $45,595,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PLAB. Wells Fargo & Company MN lifted its position in shares of Photronics by 20.7% during the 4th quarter. Wells Fargo & Company MN now owns 57,479 shares of the semiconductor company's stock worth $1,354,000 after buying an additional 9,840 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Photronics by 1.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 38,042 shares of the semiconductor company's stock worth $896,000 after buying an additional 690 shares during the period. Cerity Partners LLC lifted its position in shares of Photronics by 9.2% during the 4th quarter. Cerity Partners LLC now owns 9,314 shares of the semiconductor company's stock worth $227,000 after buying an additional 785 shares during the period. Raymond James Financial Inc. bought a new position in shares of Photronics during the 4th quarter worth approximately $1,206,000. Finally, Barclays PLC lifted its position in shares of Photronics by 1.4% during the 4th quarter. Barclays PLC now owns 115,701 shares of the semiconductor company's stock worth $2,725,000 after buying an additional 1,568 shares during the period. Institutional investors own 88.38% of the company's stock.

Photronics Stock Performance

NASDAQ PLAB opened at $20.64 on Thursday. The stock has a fifty day moving average of $19.70 and a 200-day moving average of $19.86. The stock has a market capitalization of $1.24 billion, a P/E ratio of 10.75 and a beta of 1.40. Photronics, Inc. has a 52 week low of $16.46 and a 52 week high of $31.60.

Photronics (NASDAQ:PLAB - Get Free Report) last released its earnings results on Wednesday, May 28th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.08). The firm had revenue of $210.99 million during the quarter, compared to analyst estimates of $212.00 million. Photronics had a net margin of 14.00% and a return on equity of 8.54%. The firm's quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the business posted $0.46 earnings per share. Photronics has set its Q3 2025 guidance at 0.350-0.410 EPS. Equities research analysts forecast that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Insider Transactions at Photronics

In other news, Director Kang Jyh Lee sold 4,882 shares of Photronics stock in a transaction on Friday, June 20th. The stock was sold at an average price of $18.35, for a total value of $89,584.70. Following the completion of the sale, the director directly owned 532,100 shares of the company's stock, valued at approximately $9,764,035. This trade represents a 0.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Garcia bought 2,650 shares of the stock in a transaction dated Friday, June 27th. The stock was purchased at an average cost of $19.00 per share, with a total value of $50,350.00. Following the completion of the purchase, the director directly owned 10,198 shares in the company, valued at approximately $193,762. This trade represents a 35.11% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 49,382 shares of company stock valued at $985,035 over the last quarter. Corporate insiders own 3.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Craig Hallum assumed coverage on Photronics in a research report on Wednesday, June 11th. They issued a "buy" rating and a $32.00 price objective for the company. DA Davidson cut their price objective on Photronics from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Finally, Wall Street Zen downgraded Photronics from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $31.00.

Photronics 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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