80,235 Shares in Photronics, Inc. $PLAB Bought by Quantbot Technologies LP

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

A number of other hedge funds have also recently added to or reduced their stakes in PLAB. SummerHaven Investment Management LLC raised its holdings in Photronics by 2.1% during the 1st quarter. SummerHaven Investment Management LLC now owns 30,540 shares of the semiconductor company's stock worth $634,000 after buying an additional 625 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Photronics by 1.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 38,042 shares of the semiconductor company's stock valued at $896,000 after purchasing an additional 690 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Photronics by 9.2% during the 4th quarter. Cerity Partners LLC now owns 9,314 shares of the semiconductor company's stock valued at $227,000 after acquiring an additional 785 shares during the last quarter. Perkins Coie Trust Co increased its stake in Photronics by 11.9% in the 1st quarter. Perkins Coie Trust Co now owns 9,400 shares of the semiconductor company's stock worth $195,000 after purchasing an additional 1,000 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Photronics by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,047 shares of the semiconductor company's stock valued at $826,000 after purchasing an additional 1,197 shares in the last quarter. Institutional investors own 88.38% of the company's stock.

Photronics Trading Up 5.4%

Shares of PLAB traded up $1.21 during mid-day trading on Wednesday, hitting $23.48. 940,669 shares of the company traded hands, compared to its average volume of 619,747. The business has a 50-day moving average of $19.95 and a 200 day moving average of $19.82. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 12.18 and a beta of 1.40. Photronics, Inc. has a one year low of $16.46 and a one year high of $31.60.

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

Insider Buying and Selling at Photronics

In other news, Director David A. Garcia acquired 2,650 shares of Photronics stock in a transaction that occurred on Friday, June 27th. The stock was bought at an average price of $19.00 per share, with a total value of $50,350.00. Following the completion of the purchase, the director owned 10,198 shares in the company, valued at approximately $193,762. The trade was a 35.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mitchell G. Tyson sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $19.97, for a total transaction of $299,550.00. Following the completion of the sale, the director owned 56,927 shares of the company's stock, valued at approximately $1,136,832.19. The trade was a 20.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,382 shares of company stock worth $985,035 over the last three months. Company insiders own 3.20% of the company's stock.

Analyst Ratings Changes

PLAB has been the subject of a number of research reports. DA Davidson reduced their price objective on 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 assumed 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. Finally, Wall Street Zen cut Photronics from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus 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.