Denali Advisors LLC Has $1.70 Million Stock Position in Photronics, Inc. $PLAB

Key Points

• Denali Advisors cut its Photronics position by 59.3% in the second quarter, selling 76,200 shares and retaining 52,353 shares worth approximately $1.70 million. Institutional investors and hedge funds collectively own 88.38% of PLAB.
• Photronics’ latest quarterly results missed expectations, with EPS of $0.42 versus the $0.53 consensus and revenue of $209.94 million versus estimates of $216.47 million. The company guided for third-quarter 2026 EPS of $0.39–$0.45.
• Investors face near-term uncertainty from an upcoming earnings report and securities class-action allegations concerning disclosures about high-end photomask demand and business prospects. Analysts nevertheless maintain a consensus “Buy” rating with a $49.33 price target.

Denali Advisors LLC reduced its position in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) by 59.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,353 shares of the semiconductor company's stock after selling 76,200 shares during the quarter. Denali Advisors LLC owned about 0.09% of Photronics worth $1,703,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in PLAB. First Horizon Corp bought a new position in shares of Photronics in the 1st quarter valued at about $33,000. Torren Management LLC acquired a new position in Photronics in the fourth quarter valued at approximately $26,000. Grove Bank & Trust acquired a new position in Photronics in the second quarter valued at approximately $33,000. Larson Financial Group LLC bought a new position in Photronics in the third quarter valued at approximately $28,000. Finally, Quarry LP boosted its stake in Photronics by 569.8% in the fourth quarter. Quarry LP now owns 1,353 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 1,151 shares during the last quarter. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Photronics

Here are the key news stories impacting Photronics this week:

• Neutral Sentiment: Photronics is expected to report earnings, making the upcoming results and management commentary on photomask demand an additional near-term focus for investors. The company’s previous quarterly results missed consensus estimates for both earnings and revenue, increasing the importance of its outlook. Photronics Expected to Post Earnings on Wednesday
• Negative Sentiment: Several firms, including Rosen, Hagens Berman, Kaplan Fox, Levi & Korsinsky, Pomerantz and others, announced notices related to a securities class action covering investors who purchased Photronics shares between December 10, 2025, and May 27, 2026. Investors have until September 4, 2026, to apply to become lead plaintiff. Levi & Korsinsky Photronics Class Action Notice
• Negative Sentiment: The lawsuit alleges that Photronics misled investors about demand and the outlook for its high-end integrated-circuit photomask business, including claims involving its “Trusted Mask” and “robust global order” representations. One notice alleges that the disclosures contributed to losses of up to $19.49 per share and a 36% stock-price collapse. These are allegations, and the potential financial liability and reputational impact remain uncertain. SueWallSt Photronics Securities Class Action Alert

Photronics Price Performance

NASDAQ PLAB opened at $30.70 on Thursday. Photronics, Inc. has a one year low of $20.05 and a one year high of $56.00. The firm has a market cap of $1.81 billion, a P/E ratio of 11.20 and a beta of 1.38. The stock's 50-day moving average is $30.96 and its 200-day moving average is $37.62.

Photronics (NASDAQ:PLAB - Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.11). Photronics had a net margin of 18.47% and a return on equity of 7.69%. The business had revenue of $209.94 million during the quarter, compared to analyst estimates of $216.47 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Photronics's revenue for the quarter was down .5% compared to the same quarter last year. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS. Equities analysts anticipate that Photronics, Inc. will post 1.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Freedom Capital upgraded shares of Photronics to a "strong-buy" rating in a research report on Thursday, July 2nd. Craig Hallum reaffirmed a "buy" rating on shares of Photronics in a research note on Friday, May 29th. Wall Street Zen downgraded Photronics from a "buy" rating to a "hold" rating in a report on Saturday, June 13th. Zacks Research raised Photronics to a "hold" rating in a research note on Friday, August 14th. Finally, Lake Street Capital reissued a "buy" rating and issued a $55.00 target price on shares of Photronics in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $49.33.

Photronics Company 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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