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Deutsche Bank AG Trims Position in Photronics, Inc. $PLAB

Photronics logo with Computer and Technology background

Key Points

  • Deutsche Bank AG decreased its stake in Photronics, Inc. by 28.7% in Q1, now holding 47,398 shares valued at approximately $984,000.
  • Photronics reported $0.40 earnings per share for the last quarter, missing estimates of $0.48 and showing a 2.8% decline in revenue year-over-year.
  • Insider trading activity includes Director David A. Garcia purchasing 2,650 shares, while Director Constantine S. Macricostas sold 29,500 shares, reflecting mixed sentiment among company leaders.
  • Looking to export and analyze Photronics data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Deutsche Bank AG reduced its stake in Photronics, Inc. (NASDAQ:PLAB - Free Report) by 28.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,398 shares of the semiconductor company's stock after selling 19,069 shares during the period. Deutsche Bank AG owned 0.07% of Photronics worth $984,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Menard Financial Group LLC acquired a new position in shares of Photronics in the fourth quarter valued at $66,000. Canada Pension Plan Investment Board acquired a new position in shares of Photronics in the fourth quarter valued at $101,000. Heck Capital Advisors LLC acquired a new position in shares of Photronics in the fourth quarter valued at $110,000. CWM LLC increased its holdings in shares of Photronics by 36.1% in the first quarter. CWM LLC now owns 6,755 shares of the semiconductor company's stock valued at $140,000 after purchasing an additional 1,793 shares during the last quarter. Finally, Perkins Coie Trust Co increased its holdings in shares of Photronics by 11.9% in the first quarter. Perkins Coie Trust Co now owns 9,400 shares of the semiconductor company's stock valued at $195,000 after purchasing an additional 1,000 shares during the last quarter. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. DA Davidson reduced their target price 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. Craig Hallum initiated coverage on shares of Photronics in a research report on Wednesday, June 11th. They set a "buy" rating and a $32.00 price objective for the company. Finally, Wall Street Zen cut shares of Photronics from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Photronics currently has an average rating of "Buy" and an average price target of $31.00.

Get Our Latest Report on PLAB

Insider Activity

In related news, Director Mitchell G. Tyson sold 15,000 shares of the business's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $19.97, for a total value of $299,550.00. Following the transaction, the director owned 56,927 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Constantine S. Macricostas sold 29,500 shares of Photronics stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $20.20, for a total transaction of $595,900.00. Following the completion of the sale, the director directly owned 459,623 shares of the company's stock, valued at approximately $9,284,384.60. The trade was a 6.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,382 shares of company stock worth $985,035 in the last three months. Corporate insiders own 3.20% of the company's stock.

Photronics Stock Performance

Shares of Photronics stock traded up $1.70 on Wednesday, hitting $23.97. The stock had a trading volume of 2,140,723 shares, compared to its average volume of 509,385. The stock has a 50 day moving average of $20.07 and a 200 day moving average of $19.85. Photronics, Inc. has a twelve month low of $16.46 and a twelve month high of $31.60. The firm has a market capitalization of $1.44 billion, a P/E ratio of 12.48 and a beta of 1.40.

Photronics (NASDAQ:PLAB - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.12. The company had revenue of $210.39 million during the quarter, compared to the consensus estimate of $204.30 million. Photronics had a return on equity of 8.54% and a net margin of 14.00%.The firm's revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. Equities analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current year.

About Photronics

(Free Report)

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.

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Institutional Ownership by Quarter for Photronics (NASDAQ:PLAB)

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