EntryPoint Capital LLC Makes New $282,000 Investment in Photronics, Inc. $PLAB

Key Points

• EntryPoint Capital LLC has made a new investment of approximately $282,000 in Photronics, acquiring 13,584 shares of the semiconductor company.
• Photronics recently reported $0.40 earnings per share, below analysts' consensus estimates of $0.48, and generated revenues of $210.99 million, which was slightly lower than expected.
• Despite missing earnings targets, analysis from brokerages suggests a buy rating for Photronics, with average price targets in the range of $30.00 to $32.00.

EntryPoint Capital LLC acquired a new position in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,584 shares of the semiconductor company's stock, valued at approximately $282,000.

A number of other hedge funds have also recently added to or reduced their stakes in PLAB. Menard Financial Group LLC acquired a new stake in shares of Photronics during the 4th quarter worth approximately $66,000. Canada Pension Plan Investment Board acquired a new stake in shares of Photronics during the 4th quarter worth approximately $101,000. Heck Capital Advisors LLC acquired a new stake in shares of Photronics during the 4th quarter worth approximately $110,000. CWM LLC grew its position in shares of Photronics by 36.1% during the 1st quarter. CWM LLC now owns 6,755 shares of the semiconductor company's stock worth $140,000 after buying an additional 1,793 shares during the period. Finally, Lido Advisors LLC acquired a new stake in shares of Photronics during the 4th quarter worth approximately $218,000. Institutional investors own 88.38% of the company's stock.

Photronics Price Performance

Shares of NASDAQ:PLAB opened at $22.08 on Friday. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 11.50 and a beta of 1.40. The firm's 50 day simple moving average is $19.81 and its 200 day simple moving average is $19.85. Photronics, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $31.60.

Photronics (NASDAQ:PLAB - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates 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 business's revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. Photronics has set its Q3 2025 guidance at 0.350-0.410 EPS. Equities research analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PLAB. Craig Hallum began coverage on shares of Photronics in a research report on Wednesday, June 11th. They set a "buy" rating and a $32.00 price target for the company. Wall Street Zen cut shares of Photronics from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, DA Davidson lowered their price target on shares of Photronics from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $31.00.

Insider Activity

In related news, Director David A. Garcia bought 2,650 shares of the company's stock in a transaction on Friday, June 27th. The shares were purchased at an average cost of $19.00 per share, for a total transaction of $50,350.00. Following the acquisition, the director owned 10,198 shares of the company's stock, valued at approximately $193,762. This represents a 35.11% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kang Jyh Lee sold 4,882 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $18.35, for a total transaction of $89,584.70. Following the sale, the director owned 532,100 shares in the company, valued at $9,764,035. This trade represents a 0.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,382 shares of company stock valued at $985,035. Insiders own 3.20% of the company's stock.

About Photronics

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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