Quantbot Technologies LP Invests $1.67 Million in Photronics, Inc. $PLAB

Key Points

• Quantbot Technologies LP has acquired 80,235 shares of Photronics, Inc., valued at approximately $1,666,000, during the first quarter.
• Photronics reported $0.40 EPS for the recent quarter, missing estimates by $0.08, with a quarterly revenue of $210.99 million.
• The company’s stock has a consensus rating of "Buy" from analysts, with a target price set at $31.00.

Quantbot Technologies LP acquired a new position in Photronics, Inc. (NASDAQ:PLAB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 80,235 shares of the semiconductor company's stock, valued at approximately $1,666,000. Quantbot Technologies LP owned 0.13% of Photronics as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PLAB. Wells Fargo & Company MN lifted its holdings in Photronics by 20.7% in the 4th quarter. Wells Fargo & Company MN now owns 57,479 shares of the semiconductor company's stock worth $1,354,000 after buying an additional 9,840 shares during the period. Envestnet Asset Management Inc. raised its holdings in Photronics by 1.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 38,042 shares of the semiconductor company's stock worth $896,000 after purchasing an additional 690 shares in the last quarter. Cerity Partners LLC raised its holdings in Photronics by 9.2% in the fourth quarter. Cerity Partners LLC now owns 9,314 shares of the semiconductor company's stock worth $227,000 after purchasing an additional 785 shares in the last quarter. Raymond James Financial Inc. bought a new position in Photronics in the fourth quarter worth $1,206,000. Finally, Barclays PLC raised its holdings in Photronics by 1.4% in the fourth quarter. Barclays PLC now owns 115,701 shares of the semiconductor company's stock worth $2,725,000 after purchasing an additional 1,568 shares in the last quarter. Hedge funds and other institutional investors own 88.38% of the company's stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Photronics news, Director Kang Jyh Lee sold 4,882 shares of Photronics stock in a transaction on Friday, June 20th. The stock was sold at an average price of $18.35, for a total value of $89,584.70. Following the completion of the sale, the director owned 532,100 shares of the company's stock, valued at approximately $9,764,035. This trade represents a 0.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Garcia bought 2,650 shares of Photronics stock in a transaction on Friday, June 27th. The stock was acquired at an average cost of $19.00 per share, with a total value of $50,350.00. Following the acquisition, the director owned 10,198 shares in the company, valued at approximately $193,762. This represents a 35.11% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 49,382 shares of company stock worth $985,035 in the last 90 days. 3.20% of the stock is currently owned by company insiders.

Photronics Stock Down 0.0%

Shares of Photronics stock traded down $0.01 on Monday, reaching $22.07. The company's stock had a trading volume of 527,229 shares, compared to its average volume of 617,160. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 11.49 and a beta of 1.40. The firm's fifty day simple moving average is $19.81 and its two-hundred day simple moving average is $19.81. Photronics, Inc. has a 52 week low of $16.46 and a 52 week high of $31.60.

Photronics (NASDAQ:PLAB - Get Free Report) last posted its 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). The business had revenue of $210.99 million during the quarter, compared to the consensus estimate of $212.00 million. Photronics had a return on equity of 8.54% and a net margin of 14.00%.The firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS. Photronics has set its Q3 2025 guidance at 0.350-0.410 EPS. As a group, research analysts predict that Photronics, Inc. will post 2.3 EPS for the current year.

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.