NorthCrest Asset Manangement LLC Sells 25,647 Shares of Photronics, Inc. $PLAB

Key Points

• NorthCrest Asset Management LLC reduced its stake in Photronics, Inc. by 36.0% during the second quarter, selling 25,647 shares and holding 45,534 shares valued at approximately $923,000.
• Several hedge funds, including American Century Companies Inc., Nuveen LLC, and Invesco Ltd., increased their holdings in Photronics, reflecting growing institutional interest with 88.38% of the company's stock now owned by institutional investors.
• Photronics reported earnings per share (EPS) of $0.51 for the last quarter, exceeding analysts' consensus estimate of $0.39, and set a Q4 2025 EPS guidance of $0.420-0.480.

NorthCrest Asset Manangement LLC lessened its holdings in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) by 36.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,534 shares of the semiconductor company's stock after selling 25,647 shares during the quarter. NorthCrest Asset Manangement LLC owned about 0.08% of Photronics worth $923,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC boosted its position in Photronics by 2.1% during the first quarter. SummerHaven Investment Management LLC now owns 30,540 shares of the semiconductor company's stock worth $634,000 after purchasing an additional 625 shares during the period. Perkins Coie Trust Co boosted its position in Photronics by 11.9% during the first 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Photronics by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,047 shares of the semiconductor company's stock worth $826,000 after purchasing an additional 1,197 shares during the period. Illinois Municipal Retirement Fund boosted its position in Photronics by 4.8% during the first quarter. Illinois Municipal Retirement Fund now owns 31,525 shares of the semiconductor company's stock worth $654,000 after purchasing an additional 1,440 shares during the period. Finally, Martingale Asset Management L P boosted its position in Photronics by 1.6% during the first quarter. Martingale Asset Management L P now owns 97,138 shares of the semiconductor company's stock worth $2,017,000 after purchasing an additional 1,483 shares during the period. Institutional investors own 88.38% of the company's stock.

Photronics Trading Up 0.8%

Shares of PLAB stock traded up $0.21 during trading hours on Tuesday, hitting $25.27. 125,292 shares of the company's stock were exchanged, compared to its average volume of 650,939. The company has a market capitalization of $1.49 billion, a PE ratio of 14.41 and a beta of 1.53. Photronics, Inc. has a 12-month low of $16.46 and a 12-month high of $31.60. The business's 50 day simple moving average is $21.42 and its 200-day simple moving average is $20.00.

Photronics (NASDAQ:PLAB - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.39 by $0.12. The firm had revenue of $210.39 million for the quarter, compared to the consensus estimate of $204.30 million. Photronics had a net margin of 12.67% and a return on equity of 8.19%. The business's revenue was down .3% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. Equities analysts anticipate that Photronics, Inc. will post 2.3 EPS for the current year.

Insider Transactions at Photronics

In other news, EVP Christopher J. Progler sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $21.93, for a total value of $219,300.00. Following the transaction, the executive vice president owned 200,591 shares in the company, valued at approximately $4,398,960.63. This trade represents a 4.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mitchell G. Tyson sold 15,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the director owned 56,927 shares in the company, valued at $1,136,832.19. This represents a 20.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,500 shares of company stock valued at $1,444,750. 3.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PLAB has been the subject of a number of analyst reports. DA Davidson cut their price objective on shares of Photronics from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Wall Street Zen raised shares of Photronics from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Singular Research raised shares of Photronics to a "strong-buy" rating in a research note on Thursday, September 4th. Finally, Craig Hallum initiated coverage on shares of Photronics in a research note on Wednesday, June 11th. They issued a "buy" rating and a $32.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, Photronics has an average rating of "Buy" and an average target price of $31.00.

About Photronics

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.