Bank of America Corp DE Sells 42,745 Shares of Photronics, Inc. $PLAB

Key Points

• Bank of America reduced its Photronics stake by 27.8% in the first quarter, selling 42,745 shares and retaining 111,130 shares valued at approximately $4.49 million. Institutional investors collectively own 88.38% of the company.
• Photronics reported fiscal third-quarter earnings of $0.50 per share on $216.1 million in revenue, beating analyst estimates and increasing revenue 2.7% year over year. Fourth-quarter guidance calls for EPS of $0.40 to $0.56.
• Analyst sentiment remains generally positive, with an average “Buy” rating and a $49.33 target price, but multiple law firms are publicizing a securities class-action lawsuit alleging misleading disclosures about high-end integrated-circuit photomask demand and design-release bottlenecks.

Bank of America Corp DE cut its holdings in Photronics, Inc. (NASDAQ:PLAB - Free Report) by 27.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,130 shares of the semiconductor company's stock after selling 42,745 shares during the period. Bank of America Corp DE owned approximately 0.19% of Photronics worth $4,491,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Torren Management LLC acquired a new stake in shares of Photronics in the fourth quarter worth $26,000. Larson Financial Group LLC acquired a new position in Photronics in the 3rd quarter valued at $28,000. First Horizon Corp acquired a new position in Photronics in the 1st quarter valued at $33,000. Quarry LP raised its holdings in Photronics by 569.8% in the 4th quarter. Quarry LP now owns 1,353 shares of the semiconductor company's stock worth $43,000 after acquiring an additional 1,151 shares during the period. Finally, Global Retirement Partners LLC lifted its position in Photronics by 723.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 1,245 shares during the last quarter. 88.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PLAB. Wall Street Zen lowered shares of Photronics from a "buy" rating to a "hold" rating in a research report on Saturday, June 13th. Craig Hallum restated a "buy" rating on shares of Photronics in a research report on Friday, May 29th. Zacks Research raised shares of Photronics to a "hold" rating in a research report on Friday, August 14th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Photronics in a research note on Friday, July 24th. Finally, Lake Street Capital reissued a "buy" rating and set a $55.00 target price on shares of Photronics in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Photronics currently has an average rating of "Buy" and an average target price of $49.33.

Key Stories Impacting Photronics

Here are the key news stories impacting Photronics this week:

• Positive Sentiment: Photronics reported fiscal third-quarter earnings of $0.50 per share, exceeding the $0.40 analyst consensus, while revenue of $216.1 million also topped expectations and increased 2.7% year over year. The company said delayed semiconductor design releases are recovering, and high-end IC products reached a record 44% of IC revenue. Photronics Q3 Earnings Call Highlights High-End IC Recovery
• Neutral Sentiment: Management’s fiscal fourth-quarter earnings guidance of $0.40 to $0.56 per share indicates continued profitability, although the midpoint is below the latest quarterly result. Analysts expect approximately $1.85 in earnings per share for the current fiscal year.
• Negative Sentiment: Multiple law firms are promoting a securities class action against Photronics on behalf of investors who purchased securities between December 10, 2025, and May 27, 2026. The complaints allege that the company and certain executives misled investors about demand and the outlook for its high-end integrated-circuit photomask business, including allegedly inadequate disclosure of bottlenecks in the design-release pipeline. PLAB 1-Week Deadline Alert
• Negative Sentiment: Investors who seek to serve as lead plaintiff must act by September 4, 2026. Although the notices are largely deadline reminders rather than new allegations, their volume keeps potential litigation costs, management distraction, reputational risk and possible damages in focus. Photronics Investor Deadline Notice

Photronics Stock Performance

Shares of PLAB stock opened at $27.73 on Friday. Photronics, Inc. has a 52 week low of $20.05 and a 52 week high of $56.00. The company's 50 day moving average price is $30.64 and its two-hundred day moving average price is $37.33. The company has a market capitalization of $1.63 billion, a P/E ratio of 9.76 and a beta of 1.38.

Photronics (NASDAQ:PLAB - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.10. Photronics had a net margin of 19.05% and a return on equity of 7.45%. The company had revenue of $216.05 million during the quarter, compared to analysts' expectations of $208.75 million. During the same quarter in the prior year, the company earned $0.51 earnings per share. The business's quarterly revenue was up 2.7% compared to the same quarter last year. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. Analysts forecast that Photronics, Inc. will post 1.85 earnings per share for the current year.

About Photronics

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.

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