Public Sector Pension Investment Board Has $4.17 Million Stake in Photronics, Inc. $PLAB

Public Sector Pension Investment Board lifted its position in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) by 27.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,835 shares of the semiconductor company's stock after buying an additional 43,029 shares during the period. Public Sector Pension Investment Board owned about 0.32% of Photronics worth $4,169,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Federated Hermes Inc. acquired a new position in shares of Photronics during the fourth quarter worth about $47,000. Menard Financial Group LLC acquired a new position in shares of Photronics during the fourth quarter worth about $66,000. Canada Pension Plan Investment Board acquired a new position in shares of Photronics during the fourth quarter worth about $101,000. Heck Capital Advisors LLC acquired a new position in shares of Photronics during the fourth quarter worth about $110,000. Finally, CWM LLC boosted its position in shares of Photronics by 36.1% during the first quarter. CWM LLC now owns 6,755 shares of the semiconductor company's stock worth $140,000 after buying an additional 1,793 shares during the period. 88.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Photronics

In related news, Director Constantine S. Macricostas sold 29,500 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $20.20, for a total value of $595,900.00. Following the transaction, the director owned 459,623 shares in the company, valued at approximately $9,284,384.60. This represents a 6.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kang Jyh Lee sold 4,882 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $18.35, for a total transaction of $89,584.70. Following the completion of the transaction, the director owned 532,100 shares in the company, valued at approximately $9,764,035. This trade represents a 0.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,382 shares of company stock worth $985,035 in the last quarter. Corporate insiders own 3.20% of the company's stock.

Photronics Stock Performance

NASDAQ:PLAB traded down $0.41 during mid-day trading on Wednesday, hitting $20.64. The stock had a trading volume of 505,040 shares, compared to its average volume of 620,062. Photronics, Inc. has a twelve month low of $16.46 and a twelve month high of $31.60. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 10.75 and a beta of 1.40. The company's 50 day simple moving average is $19.67 and its 200 day simple moving average is $19.86.

Photronics (NASDAQ:PLAB - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.08). Photronics had a net margin of 14.00% and a return on equity of 8.54%. The company had revenue of $210.99 million during the quarter, compared to analyst estimates of $212.00 million. During the same quarter last year, the company posted $0.46 EPS. The firm's quarterly revenue was down 2.8% on a year-over-year basis. Photronics has set its Q3 2025 guidance at 0.350-0.410 EPS. As a group, equities analysts forecast that Photronics, Inc. will post 2.3 earnings per share for the current year.

Analyst Ratings Changes

PLAB has been the topic of a number of recent research reports. DA Davidson lowered their target price on Photronics from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. Wall Street Zen downgraded Photronics from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Craig Hallum initiated coverage on Photronics in a research report on Wednesday, June 11th. They issued a "buy" rating and a $32.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $31.00.

Photronics 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.