K.J. Harrison & Partners Inc Purchases Shares of 30,000 Photronics, Inc. $PLAB

Key Points

• K.J. Harrison & Partners bought a new stake of 30,000 shares in Photronics (NASDAQ:PLAB) during Q4, valued at about $960,000, representing roughly 0.05% ownership at quarter-end.
• Insiders have been net sellers: CAO Rui Zhang sold 4,556 shares and CFO Eric Rivera sold 1,000 shares recently, with insiders offloading a total of 346,144 shares worth $15.06M in the last 90 days (insiders now own ~3.3%).
• Company results and outlook: Photronics beat Q1 estimates with $0.61 EPS on $225.1M revenue, set Q2 2026 guidance of $0.49–$0.55 EPS, and carries an average analyst rating of "Buy" with a consensus price target near $49.33 (market cap ≈ $2.97B).

K.J. Harrison & Partners Inc purchased a new stake in Photronics, Inc. (NASDAQ:PLAB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,000 shares of the semiconductor company's stock, valued at approximately $960,000. K.J. Harrison & Partners Inc owned 0.05% of Photronics at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PLAB. Torren Management LLC acquired a new stake in shares of Photronics in the fourth quarter valued at approximately $26,000. Larson Financial Group LLC acquired a new stake in shares of Photronics in the third quarter valued at approximately $28,000. Hantz Financial Services Inc. increased its stake in shares of Photronics by 673.4% in the third quarter. Hantz Financial Services Inc. now owns 1,485 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 1,293 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of Photronics in the fourth quarter valued at approximately $55,000. Finally, Wexford Capital LP acquired a new stake in shares of Photronics in the third quarter valued at approximately $62,000. Institutional investors and hedge funds own 88.38% of the company's stock.

Insider Activity

In related news, CAO Rui Zhang sold 4,556 shares of the firm's stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $46.70, for a total transaction of $212,765.20. Following the completion of the sale, the chief accounting officer directly owned 27,079 shares in the company, valued at approximately $1,264,589.30. This trade represents a 14.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Eric Rivera sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $44.77, for a total transaction of $44,770.00. Following the sale, the chief financial officer owned 136,173 shares of the company's stock, valued at $6,096,465.21. The trade was a 0.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 346,144 shares of company stock valued at $15,061,759 in the last ninety days. 3.30% of the stock is owned by company insiders.

Photronics Price Performance

Photronics stock opened at $50.36 on Friday. The firm has a 50 day simple moving average of $41.92 and a 200-day simple moving average of $34.39. The stock has a market capitalization of $2.97 billion, a PE ratio of 21.43 and a beta of 1.51. Photronics, Inc. has a 12-month low of $16.59 and a 12-month high of $53.00.

Photronics (NASDAQ:PLAB - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.07. The business had revenue of $225.07 million during the quarter, compared to analysts' expectations of $220.09 million. Photronics had a net margin of 15.83% and a return on equity of 7.88%. The business's revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. On average, analysts forecast that Photronics, Inc. will post 2.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PLAB shares. Weiss Ratings upgraded shares of Photronics from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded shares of Photronics from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 14th. Lake Street Capital restated a "buy" rating and issued a $55.00 price target on shares of Photronics in a research note on Friday, May 1st. Craig Hallum reiterated a "buy" rating and issued a $48.00 price objective on shares of Photronics in a report on Tuesday, March 3rd. Finally, Zacks Research upgraded shares of Photronics from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Photronics currently has an average 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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