Long Corridor Asset Management Ltd Takes Position in Photronics, Inc. $PLAB

Key Points

• Long Corridor Asset Management acquired 110,000 Photronics shares valued at approximately $3.6 million, giving it a 0.19% stake and making PLAB about 1.1% of its portfolio. Institutional investors collectively own 88.38% of the company.
• 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 expected. Shares opened at $30.51, well below the 12-month high of $56.00.
• Analysts maintain a consensus “Buy” rating with an average price target of $49.33, while the company’s upcoming August 26 earnings report is expected to provide insight into photomask demand and its business outlook. Investor-rights firms are also publicizing a securities class action tied to the company’s disclosures and prior selloff.

Long Corridor Asset Management Ltd acquired a new position in Photronics, Inc. (NASDAQ:PLAB - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 110,000 shares of the semiconductor company's stock, valued at approximately $3,578,000. Photronics comprises approximately 1.1% of Long Corridor Asset Management Ltd's portfolio, making the stock its 22nd largest position. Long Corridor Asset Management Ltd owned approximately 0.19% of Photronics at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. K.J. Harrison & Partners Inc bought a new position in shares of Photronics during the 4th quarter worth about $960,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Photronics in the first quarter valued at about $47,902,000. Decker Retirement Planning Inc. bought a new stake in shares of Photronics in the first quarter valued at about $3,935,000. LSV Asset Management grew its position in Photronics by 14.7% during the fourth quarter. LSV Asset Management now owns 2,883,463 shares of the semiconductor company's stock worth $92,271,000 after buying an additional 370,489 shares in the last quarter. Finally, Denali Advisors LLC grew its position in Photronics by 33.2% during the fourth quarter. Denali Advisors LLC now owns 313,404 shares of the semiconductor company's stock worth $10,029,000 after buying an additional 78,166 shares in the last quarter. Institutional investors own 88.38% of the company's stock.

Photronics Stock Performance

Shares of Photronics stock opened at $30.51 on Friday. The firm has a market cap of $1.80 billion, a P/E ratio of 11.14 and a beta of 1.38. The firm's 50-day simple moving average is $30.93 and its 200-day simple moving average is $37.54. Photronics, Inc. has a twelve month low of $20.05 and a twelve month high of $56.00.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PLAB. Weiss Ratings restated a "hold (c+)" rating on shares of Photronics in a research note on Friday, July 24th. Freedom Capital raised Photronics to a "strong-buy" rating in a report on Thursday, July 2nd. Craig Hallum reissued a "buy" rating on shares of Photronics in a report on Friday, May 29th. Zacks Research upgraded Photronics to a "hold" rating in a research report on Friday, August 14th. Finally, Lake Street Capital restated a "buy" rating and issued a $55.00 target price on shares of Photronics in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $49.33.

Key Headlines Impacting Photronics

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

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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