38,293 Shares in Photronics, Inc. $PLAB Purchased by PDT Partners LLC

Key Points

• PDT Partners LLC has invested $795,000 in Photronics, Inc. by acquiring 38,293 shares of the semiconductor company, marking a 0.06% ownership stake.
• Insider activity includes Director David A. Garcia purchasing 2,650 shares and increasing his ownership to 10,198 shares, while another director, Kang Jyh Lee, sold 4,882 shares.
• Photronics reported earnings beat expectations with $0.51 EPS for the last quarter, surpassing the consensus estimate of $0.39 EPS and generating revenue of $210.39 million.

PDT Partners LLC bought a new position in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 38,293 shares of the semiconductor company's stock, valued at approximately $795,000. PDT Partners LLC owned 0.06% of Photronics as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of PLAB. Vanguard Group Inc. boosted its holdings in Photronics by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,907,219 shares of the semiconductor company's stock valued at $122,634,000 after purchasing an additional 38,330 shares during the period. LSV Asset Management raised its position in shares of Photronics by 4.9% in the 1st quarter. LSV Asset Management now owns 2,224,519 shares of the semiconductor company's stock valued at $46,181,000 after buying an additional 104,200 shares in the last quarter. American Century Companies Inc. raised its position in shares of Photronics by 8.8% in the 1st 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. Invesco Ltd. raised its position in shares of Photronics by 12.1% in the 1st quarter. Invesco Ltd. now owns 1,258,714 shares of the semiconductor company's stock valued at $26,131,000 after buying an additional 135,859 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Photronics by 4.1% in the 4th quarter. Northern Trust Corp now owns 1,044,868 shares of the semiconductor company's stock valued at $24,617,000 after buying an additional 41,487 shares in the last quarter. Institutional investors own 88.38% of the company's stock.

Photronics Stock Performance

Shares of NASDAQ:PLAB traded down $0.05 during trading on Tuesday, reaching $22.59. The stock had a trading volume of 107,763 shares, compared to its average volume of 635,693. The firm's fifty day moving average is $20.69 and its 200 day moving average is $19.82. Photronics, Inc. has a 52 week low of $16.46 and a 52 week high of $31.60. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 12.84 and a beta of 1.53.

Photronics (NASDAQ:PLAB - Get Free Report) last posted its quarterly earnings data 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 net margin of 12.67% and a return on equity of 8.19%. The company had revenue of $210.39 million for the quarter, compared to analyst estimates of $204.30 million. During the same period in the prior year, the firm posted $0.51 EPS. The company's quarterly revenue was down .3% on a year-over-year basis. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. On average, research analysts forecast that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mitchell G. Tyson sold 15,000 shares of the stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $19.97, for a total transaction 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. This represents a 20.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher J. Progler sold 10,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $21.93, for a total transaction of $219,300.00. Following the transaction, the executive vice president directly owned 200,591 shares in the company, valued at approximately $4,398,960.63. This represents a 4.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,382 shares of company stock worth $1,534,335 over the last ninety days. 3.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

PLAB has been the topic of several research reports. DA Davidson decreased their price target on shares of Photronics from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. Singular Research raised shares of Photronics to a "strong-buy" rating in a report on Thursday, September 4th. Wall Street Zen lowered shares of Photronics from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Craig Hallum began coverage on shares of Photronics in a report on Wednesday, June 11th. They set a "buy" rating and a $32.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, Photronics presently has an average rating of "Buy" and an average target price of $31.00.

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.