Skylands Capital LLC Sells 47,650 Shares of Photronics, Inc. $PLAB

Key Points

• Skylands Capital LLC reduced its holdings by 34.2%, selling 47,650 shares of Photronics and leaving 91,525 shares valued at about $2.93 million.
• Significant insider selling occurred last quarter—insiders sold 346,144 shares worth $15.06 million, including CEO George Macricostas (121,194 shares, ~$5.2M) and director Constantine Macricostas (50,000 shares).
• Analysts are generally positive with a consensus "Buy" rating and $46.33 target, and Photronics recently beat Q1 estimates (EPS $0.61 vs. $0.54; revenue $225.07M vs. $220.09M) while guiding Q2 EPS of $0.49–$0.55.

Skylands Capital LLC reduced its holdings in Photronics, Inc. (NASDAQ:PLAB - Free Report) by 34.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,525 shares of the semiconductor company's stock after selling 47,650 shares during the quarter. Skylands Capital LLC owned approximately 0.15% of Photronics worth $2,929,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PLAB. AlphaQuest LLC increased its holdings in Photronics by 323.1% during the 3rd quarter. AlphaQuest LLC now owns 50,036 shares of the semiconductor company's stock valued at $1,148,000 after purchasing an additional 38,209 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in shares of Photronics during the third quarter worth $864,000. Victory Capital Management Inc. increased its stake in shares of Photronics by 699.0% in the third quarter. Victory Capital Management Inc. now owns 2,305,610 shares of the semiconductor company's stock valued at $52,914,000 after buying an additional 2,017,052 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Photronics by 4.6% in the third quarter. American Century Companies Inc. now owns 2,412,245 shares of the semiconductor company's stock valued at $55,361,000 after buying an additional 106,069 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Photronics in the fourth quarter valued at $749,000. 88.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on PLAB shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Photronics in a report on Friday, March 27th. Wall Street Zen upgraded shares of Photronics from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 14th. Zacks Research raised shares of Photronics from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 14th. Lake Street Capital assumed coverage on shares of Photronics in a research report on Friday, March 20th. They set a "buy" rating and a $46.00 target price on the stock. Finally, Craig Hallum reissued a "buy" rating and set a $48.00 price target on shares of Photronics in a research note on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $46.33.

Insider Activity at Photronics

In other news, Director Constantine S. Macricostas sold 50,000 shares of the firm's stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $45.35, for a total value of $2,267,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George Macricostas sold 121,194 shares of Photronics stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $42.94, for a total transaction of $5,204,070.36. Following the sale, the chief executive officer owned 334,068 shares of the company's stock, valued at approximately $14,344,879.92. This represents a 26.62% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 346,144 shares of company stock worth $15,061,759. Insiders own 3.30% of the company's stock.

Photronics Stock Down 1.7%

PLAB stock opened at $51.40 on Tuesday. The company has a market cap of $3.03 billion, a P/E ratio of 21.87 and a beta of 1.43. Photronics, Inc. has a twelve month low of $16.59 and a twelve month high of $52.79. The business has a fifty day moving average of $40.47 and a 200-day moving average of $33.25.

Photronics (NASDAQ:PLAB - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.07. The business had revenue of $225.07 million for the quarter, compared to analysts' expectations of $220.09 million. Photronics had a return on equity of 7.88% and a net margin of 15.83%.The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. As a group, equities research analysts anticipate that Photronics, Inc. will post 2.35 earnings per share for the current fiscal year.

Photronics Company Profile

Photronics, Inc is a leading global supplier of photomask products used in the manufacture of integrated circuits, flat panel displays, microelectromechanical systems (MEMS), and advanced packaging applications. Photomasks, also known as reticles, are critical templates that carry the precise circuit patterns required for semiconductor lithography processes. The company offers a comprehensive range of mask solutions, including binary masks, attenuated phase-shift masks, reticles for micro-optics, and specialized products for high‐resolution applications.

Founded in 1969 and headquartered in Brookfield, Connecticut, Photronics has grown through organic expansion and strategic investments in high‐end lithography technology.

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