Northern Trust Corp Has $21.27 Million Stock Position in Photronics, Inc. $PLAB

Northern Trust Corp reduced its stake in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,024,761 shares of the semiconductor company's stock after selling 20,107 shares during the quarter. Northern Trust Corp owned 1.61% of Photronics worth $21,274,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Algert Global LLC grew its holdings in shares of Photronics by 4.2% during the 1st quarter. Algert Global LLC now owns 149,301 shares of the semiconductor company's stock worth $3,099,000 after purchasing an additional 6,010 shares in the last quarter. Meros Investment Management LP lifted its position in shares of Photronics by 7.2% during the 1st quarter. Meros Investment Management LP now owns 485,516 shares of the semiconductor company's stock worth $10,079,000 after buying an additional 32,545 shares during the last quarter. American Century Companies Inc. boosted its stake in Photronics by 8.8% in the first quarter. American Century Companies Inc. now owns 2,196,267 shares of the semiconductor company's stock valued at $45,595,000 after buying an additional 177,380 shares in the last quarter. Sei Investments Co. boosted its stake in Photronics by 12.4% in the first quarter. Sei Investments Co. now owns 54,615 shares of the semiconductor company's stock valued at $1,189,000 after buying an additional 6,033 shares in the last quarter. Finally, Boston Partners boosted its stake in Photronics by 0.5% in the first quarter. Boston Partners now owns 803,681 shares of the semiconductor company's stock valued at $16,211,000 after buying an additional 4,242 shares in the last quarter. 88.38% of the stock is owned by institutional investors and hedge funds.

Photronics Stock Up 1.9%

Shares of PLAB stock traded up $0.42 during mid-day trading on Friday, reaching $22.64. 662,186 shares of the stock traded hands, compared to its average volume of 656,881. The stock's fifty day simple moving average is $20.61 and its two-hundred day simple moving average is $19.83. Photronics, Inc. has a 1-year low of $16.46 and a 1-year high of $31.60. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 12.86 and a beta of 1.53.

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

Analyst Ratings Changes

Several analysts recently weighed in on PLAB shares. Wall Street Zen lowered Photronics from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Singular Research raised Photronics to a "strong-buy" rating in a research note on Thursday. Craig Hallum started coverage on Photronics in a research note on Wednesday, June 11th. They issued a "buy" rating and a $32.00 price objective on the stock. Finally, DA Davidson reduced their price objective on Photronics from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $31.00.

Insider Buying and Selling

In related news, Director Mitchell G. Tyson sold 15,000 shares of Photronics stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $19.97, for a total value of $299,550.00. Following the transaction, the director directly owned 56,927 shares of the company's stock, valued at $1,136,832.19. The trade was a 20.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Han Kyung Park sold 15,000 shares of Photronics stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $22.00, for a total value of $330,000.00. Following the completion of the transaction, the senior vice president directly owned 103,000 shares in the company, valued at approximately $2,266,000. This represents a 12.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,382 shares of company stock valued at $1,534,335 over the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

Photronics Company Profile

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.