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

Several other institutional investors and hedge funds have also modified their holdings of the business. Menard Financial Group LLC acquired a new stake in shares of Photronics in the fourth quarter valued at about $66,000. Canada Pension Plan Investment Board bought a new position in shares of Photronics in the fourth quarter valued at approximately $101,000. Heck Capital Advisors LLC bought a new position in shares of Photronics in the fourth quarter valued at approximately $110,000. CWM LLC lifted its holdings in shares of Photronics by 36.1% in the first quarter. CWM LLC now owns 6,755 shares of the semiconductor company's stock valued at $140,000 after purchasing an additional 1,793 shares in the last quarter. Finally, Lido Advisors LLC bought a new position in shares of Photronics in the fourth quarter valued at approximately $218,000. 88.38% of the stock is currently owned by institutional investors.

Photronics Stock Performance

Shares of NASDAQ PLAB traded down $0.51 during midday trading on Thursday, hitting $23.46. 416,602 shares of the stock traded hands, compared to its average volume of 626,160. The firm has a 50-day moving average of $20.07 and a two-hundred day moving average of $19.85. The firm has a market capitalization of $1.41 billion, a P/E ratio of 12.22 and a beta of 1.40. Photronics, Inc. has a one year low of $16.46 and a one year high of $31.60.

Photronics (NASDAQ:PLAB - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.12. The firm had revenue of $210.39 million for the quarter, compared to analysts' expectations of $204.30 million. Photronics had a return on equity of 8.54% and a net margin of 14.00%.The company's revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. Equities analysts forecast that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Photronics news, Director Mitchell G. Tyson sold 15,000 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $19.97, for a total value of $299,550.00. Following the completion of the sale, the director owned 56,927 shares in the company, valued at approximately $1,136,832.19. This represents a 20.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Constantine S. Macricostas sold 29,500 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $20.20, for a total value of $595,900.00. Following the completion of the sale, the director owned 459,623 shares of the company's stock, valued at $9,284,384.60. The trade was a 6.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,382 shares of company stock valued at $985,035. Company insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

PLAB has been the topic of a number of recent research reports. DA Davidson dropped their target price on Photronics from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. Craig Hallum initiated coverage on Photronics in a report on Wednesday, June 11th. They set a "buy" rating and a $32.00 price target on the stock. Finally, Wall Street Zen lowered Photronics from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target 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.