Bank of New York Mellon Corp Takes Position in Photronics, Inc. $PLAB

Key Points

• Bank of New York Mellon purchased 380,402 Photronics shares worth approximately $12.4 million, giving it a 0.65% stake. Institutional investors collectively own 88.38% of the company.
• Photronics reported quarterly EPS of $0.50 and revenue of $216.05 million, exceeding analyst expectations of $0.40 EPS and $208.75 million in revenue. Revenue increased 2.7% year over year, and fourth-quarter guidance indicates continued profitability.
• Analyst sentiment remains favorable, with a consensus “Buy” rating and a $49.33 price target, although the stock opened at $27.33 and has declined from its 52-week high of $56.00.

Bank of New York Mellon Corp purchased a new stake in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 380,402 shares of the semiconductor company's stock, valued at approximately $12,374,000. Bank of New York Mellon Corp owned approximately 0.65% of Photronics at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in shares of Photronics during the 3rd quarter valued at about $28,000. First Horizon Corp bought a new stake in Photronics in the 1st quarter worth $33,000. Grove Bank & Trust bought a new stake in shares of Photronics in the second quarter worth about $33,000. Quarry LP grew its position in shares of 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 buying an additional 1,151 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in Photronics by 723.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 1,245 shares in the last quarter. 88.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Zacks Research upgraded Photronics to a "hold" rating in a report on Friday, August 14th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Photronics in a research note on Friday, July 24th. Freedom Capital raised shares of Photronics to a "strong-buy" rating in a research report on Thursday, July 2nd. Wall Street Zen lowered shares of Photronics from a "buy" rating to a "hold" rating in a research note on Saturday, June 13th. Finally, Craig Hallum reaffirmed a "buy" rating on shares of Photronics in a report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Photronics presently has a consensus rating of "Buy" and a consensus target price of $49.33.

Photronics Price Performance

NASDAQ PLAB opened at $27.33 on Wednesday. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 9.62 and a beta of 1.36. The business's fifty day moving average price is $30.44 and its 200-day moving average price is $37.19. Photronics, Inc. has a 1-year low of $20.05 and a 1-year high of $56.00.

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

Photronics News Summary

Here are the key news stories impacting Photronics this week:

• Positive Sentiment: Photronics’ latest quarterly results provide a counterpoint to the legal headlines: earnings per share and revenue exceeded analyst expectations, while revenue increased year over year. Management’s fourth-quarter guidance also indicates continued profitability.
• Neutral Sentiment: Investors who purchased Photronics securities between December 10, 2025, and May 27, 2026, have until September 4, 2026, to seek appointment as lead plaintiff. This deadline is procedural and does not establish that the allegations are proven. Friday Investor Deadline: Photronics Investors Have Opportunity to Lead Class Action Lawsuit
• Negative Sentiment: Several law firms, including Pomerantz, Portnoy, Rosen, Robbins Geller, Kaplan Fox, Hagens Berman and others, are soliciting investors connected with the class action. The lawsuit alleges violations of federal securities laws by Photronics and certain executives; if claims advance, the company could face litigation costs, potential damages and additional scrutiny. The concentration of alerts likely explains the negative investor sentiment surrounding PLAB. Pomerantz Photronics Investor Alert

Photronics Profile

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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