Kendall Capital Management Acquires New Shares in Photronics, Inc. $PLAB

Key Points

• Kendall Capital Management acquired 44,032 Photronics shares worth approximately $1.43 million, while institutional investors collectively own 88.38% of the company. BlackRock also disclosed a new stake valued at about $308.6 million.
• Photronics recently missed quarterly expectations, reporting $0.42 in EPS versus the $0.53 consensus and revenue of $209.94 million versus $216.47 million. Shares opened at $30.51, well below their 52-week high of $56.00.
• The company is scheduled to report earnings on August 26, with investors watching photomask demand and management’s outlook; analysts nevertheless maintain a consensus “Buy” rating with an average price target of $49.33, while securities-class-action notices add legal uncertainty.

Kendall Capital Management acquired a new position in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,032 shares of the semiconductor company's stock, valued at approximately $1,432,000. Kendall Capital Management owned approximately 0.07% of Photronics as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Photronics during the second quarter valued at about $308,586,000. LSV Asset Management boosted its position in shares of Photronics by 14.7% in the fourth quarter. LSV Asset Management now owns 2,883,463 shares of the semiconductor company's stock valued at $92,271,000 after acquiring an additional 370,489 shares during the period. Invesco Ltd. grew its stake in Photronics by 395.9% during the fourth quarter. Invesco Ltd. now owns 1,536,374 shares of the semiconductor company's stock valued at $49,164,000 after acquiring an additional 1,226,588 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Photronics during the first quarter valued at approximately $47,902,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Photronics by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,023,766 shares of the semiconductor company's stock worth $32,761,000 after acquiring an additional 33,573 shares during the period. Hedge funds and other institutional investors own 88.38% of the company's stock.

Photronics Price Performance

Shares of Photronics stock opened at $30.51 on Friday. Photronics, Inc. has a 1 year low of $20.05 and a 1 year high of $56.00. The firm has a market cap of $1.80 billion, a PE ratio of 11.14 and a beta of 1.38. The company has a 50 day simple moving average of $30.93 and a two-hundred day simple moving average of $37.54.

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

More Photronics News

Here are the key news stories impacting Photronics this week:

• Positive Sentiment: Photronics is scheduled to report quarterly results before the market opens on Wednesday, August 26. The report could become a near-term catalyst because investors will be focused on photomask demand, any recovery in high-end IC products and management’s outlook. This Earnings Report Could Steal The Show Next Week
• Neutral Sentiment: The company will participate in the Three Part Advisors Midwest IDEAS Conference on August 27 and the Lake Street Capital BIG10 Conference on September 10, providing additional opportunities for management to address business conditions and investor concerns. Photronics to Participate in Upcoming Investor Conferences
• Negative Sentiment: Several investor-rights firms, including Rosen, Kaplan Fox, Pomerantz, Hagens Berman and others, reminded shareholders about or promoted participation in a securities class action covering purchases from December 10, 2025, through May 27, 2026. The repeated announcements increase visibility around potential legal costs, reputational damage and uncertainty regarding the company’s disclosures. Rosen Photronics Investor Deadline Alert
• Negative Sentiment: Separate notices link the investor losses to a prior sharp selloff after Photronics indicated that an expected post-holiday recovery had stalled. That narrative reinforces concerns about slowing demand and puts added pressure on the upcoming earnings release to clarify the company’s outlook. Photronics Shareholder Loss Recovery Notice

Wall Street Analyst Weigh In

PLAB has been the subject of several analyst reports. Lake Street Capital reissued a "buy" rating and issued a $55.00 price target on shares of Photronics in a report on Friday, May 1st. Weiss Ratings reiterated a "hold (c+)" rating on shares of Photronics in a research report on Friday, July 24th. Wall Street Zen lowered Photronics from a "buy" rating to a "hold" rating in a research note on Saturday, June 13th. Craig Hallum restated a "buy" rating on shares of Photronics in a research report on Friday, May 29th. Finally, Zacks Research upgraded Photronics to a "hold" rating in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $49.33.

About Photronics

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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