Jump Financial LLC Purchases New Position in Photronics, Inc. $PLAB

Key Points

• Jump Financial LLC has acquired a $1.05 million stake in Photronics, Inc. (NASDAQ:PLAB), purchasing 50,600 shares during the first quarter.
• Photronics reported a quarterly earnings per share of $0.51, surpassing analysts' expectations of $0.39, despite a slight year-over-year revenue decline.
• The stock currently holds a consensus rating of "Buy" among analysts, with an average target price of $31.00, down from higher forecasts earlier in the year.

Jump Financial LLC bought a new position in Photronics, Inc. (NASDAQ:PLAB - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 50,600 shares of the semiconductor company's stock, valued at approximately $1,050,000. Jump Financial LLC owned about 0.08% of Photronics as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PLAB. Menard Financial Group LLC bought a new position in Photronics in the 4th quarter worth about $66,000. Heck Capital Advisors LLC purchased a new position in shares of Photronics in the 4th quarter worth about $110,000. CWM LLC boosted its holdings in shares of Photronics by 36.1% in the 1st quarter. CWM LLC now owns 6,755 shares of the semiconductor company's stock worth $140,000 after purchasing an additional 1,793 shares in the last quarter. Perkins Coie Trust Co boosted its holdings in shares of Photronics by 11.9% in the 1st quarter. Perkins Coie Trust Co now owns 9,400 shares of the semiconductor company's stock worth $195,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Lido Advisors LLC purchased a new position in shares of Photronics in the 4th quarter worth about $218,000. 88.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Mitchell G. Tyson sold 15,000 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $19.97, for a total transaction of $299,550.00. Following the completion of the sale, the director directly owned 56,927 shares in the company, valued at $1,136,832.19. This represents a 20.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kang Jyh Lee sold 4,882 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $18.35, for a total value of $89,584.70. Following the completion of the sale, the director owned 532,100 shares of the company's stock, valued at approximately $9,764,035. This trade represents a 0.91% 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. 3.20% of the stock is owned by insiders.

Photronics Stock Performance

PLAB stock traded down $0.25 during trading on Wednesday, hitting $21.77. 315,270 shares of the company traded hands, compared to its average volume of 630,392. The firm has a market capitalization of $1.31 billion, a PE ratio of 12.38 and a beta of 1.53. Photronics, Inc. has a 1 year low of $16.46 and a 1 year high of $31.60. The company has a 50-day moving average of $20.41 and a 200-day moving average of $19.84.

Photronics (NASDAQ:PLAB - Get Free Report) last issued its 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 company had revenue of $210.39 million during the quarter, compared to analysts' expectations of $204.30 million. Photronics had a return on equity of 8.19% and a net margin of 12.67%.Photronics's quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. Sell-side analysts expect that Photronics, Inc. will post 2.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PLAB. Craig Hallum began coverage on Photronics in a report on Wednesday, June 11th. They issued a "buy" rating and a $32.00 price objective for the company. DA Davidson cut their price objective on Photronics from $35.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Finally, Wall Street Zen cut 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 data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $31.00.

Photronics Company 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.