Lone Peak Global Investors LLC Raises Holdings in Photronics, Inc. $PLAB

Key Points

• Lone Peak Global Investors increased its Photronics stake by 1,253.7% in the second quarter, bringing its holdings to 225,085 shares valued at approximately $7.3 million. Institutional investors collectively own 88.38% of PLAB.
• Photronics exceeded quarterly expectations, reporting adjusted earnings of $0.50 per share versus the $0.40 consensus and revenue of $216.05 million versus $208.75 million. Revenue rose 2.7% year over year, and fourth-quarter guidance implies continued profitability.
• PLAB shares opened at $27.33, well below their 52-week high of $56.00, while analysts maintain an average “Buy” rating and a $49.33 price target. The company is also facing investor attention from class-action lawsuit solicitations and related legal allegations.

Lone Peak Global Investors LLC increased its stake in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) by 1,253.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,085 shares of the semiconductor company's stock after purchasing an additional 208,458 shares during the period. Lone Peak Global Investors LLC owned 0.38% of Photronics worth $7,322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PLAB. BlackRock Inc. acquired a new stake in Photronics during the 2nd quarter valued at $308,586,000. LSV Asset Management raised its holdings 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 worth $92,271,000 after acquiring an additional 370,489 shares during the last quarter. Invesco Ltd. lifted its position in shares of Photronics by 395.9% in 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 stake in shares of Photronics in the first quarter valued at $47,902,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Photronics by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,023,766 shares of the semiconductor company's stock valued at $32,761,000 after acquiring an additional 33,573 shares during the last quarter. Hedge funds and other institutional investors own 88.38% of the company's stock.

More Photronics News

Here are the key news stories impacting Photronics this week:

• Positive Sentiment: Photronics’ latest quarterly results provide a counterpoint to the legal headlines: earnings per share and revenue exceeded analyst expectations, while revenue increased year over year. Management’s fourth-quarter guidance also indicates continued profitability.
• Neutral Sentiment: Investors who purchased Photronics securities between December 10, 2025, and May 27, 2026, have until September 4, 2026, to seek appointment as lead plaintiff. This deadline is procedural and does not establish that the allegations are proven. Friday Investor Deadline: Photronics Investors Have Opportunity to Lead Class Action Lawsuit
• Negative Sentiment: Several law firms, including Pomerantz, Portnoy, Rosen, Robbins Geller, Kaplan Fox, Hagens Berman and others, are soliciting investors connected with the class action. The lawsuit alleges violations of federal securities laws by Photronics and certain executives; if claims advance, the company could face litigation costs, potential damages and additional scrutiny. The concentration of alerts likely explains the negative investor sentiment surrounding PLAB. Pomerantz Photronics Investor Alert

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PLAB. Wall Street Zen cut Photronics from a "buy" rating to a "hold" rating in a research report on Saturday, June 13th. Freedom Capital upgraded shares of Photronics to a "strong-buy" rating in a report on Thursday, July 2nd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Photronics in a research note on Friday, July 24th. Craig Hallum reiterated a "buy" rating on shares of Photronics in a report on Friday, May 29th. Finally, Zacks Research raised shares of Photronics to a "hold" rating in a research report on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Photronics currently has an average rating of "Buy" and an average price target of $49.33.

Photronics Stock Down 2.9%

Shares of NASDAQ:PLAB opened at $27.33 on Wednesday. The company has a market cap of $1.61 billion, a P/E ratio of 9.62 and a beta of 1.36. The business has a fifty day simple moving average of $30.44 and a 200-day simple moving average of $37.19. Photronics, Inc. has a 52 week low of $20.05 and a 52 week high of $56.00.

Photronics (NASDAQ:PLAB - Get Free Report) last released its earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.10. Photronics had a return on equity of 7.45% and a net margin of 19.05%.The firm had revenue of $216.05 million for the quarter, compared to the consensus estimate of $208.75 million. During the same period in the prior year, the business posted $0.51 earnings per share. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. Sell-side analysts expect that Photronics, Inc. will post 1.85 earnings per share for the current fiscal year.

Photronics 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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