Strs Ohio Purchases Shares of 31,200 Photronics, Inc. $PLAB

Key Points

• Strs Ohio acquired a new stake in Photronics, purchasing 31,200 shares valued at approximately $648,000 during the 1st quarter of the year.
• Institutional investors own 88.38% of Photronics' stock, indicating strong support from large funds, with Deutsche Bank AG increasing its holdings by 7.4%.
• Photronics reported a net margin of 12.67% and exceeded earnings expectations by posting $0.51 EPS for the last quarter, against analysts' estimates of $0.39.

Strs Ohio bought a new stake in Photronics, Inc. (NASDAQ:PLAB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,200 shares of the semiconductor company's stock, valued at approximately $648,000.

Other large investors also recently modified their holdings of the company. Deutsche Bank AG raised its holdings in shares of Photronics by 7.4% in the 4th quarter. Deutsche Bank AG now owns 66,467 shares of the semiconductor company's stock worth $1,566,000 after purchasing an additional 4,589 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Photronics by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,047 shares of the semiconductor company's stock worth $826,000 after buying an additional 1,197 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Photronics by 49.5% during the 4th quarter. Squarepoint Ops LLC now owns 78,380 shares of the semiconductor company's stock valued at $1,847,000 after acquiring an additional 25,952 shares during the last quarter. Mackenzie Financial Corp purchased a new position in Photronics in the 4th quarter worth approximately $656,000. Finally, Heck Capital Advisors LLC bought a new position in Photronics in the fourth quarter valued at $110,000. Institutional investors own 88.38% of the company's stock.

Insider Activity at Photronics

In related news, SVP Han Kyung Park sold 15,000 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $22.00, for a total value of $330,000.00. Following the completion of the sale, the senior vice president owned 103,000 shares in the company, valued at $2,266,000. This represents a 12.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Constantine S. Macricostas sold 29,500 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $20.20, for a total value of $595,900.00. Following the transaction, the director directly owned 459,623 shares in the company, valued at $9,284,384.60. This represents a 6.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,500 shares of company stock valued at $1,444,750. Corporate insiders own 3.20% of the company's stock.

Photronics Stock Down 0.2%

Shares of PLAB opened at $24.94 on Friday. The stock has a market cap of $1.47 billion, a PE ratio of 14.17 and a beta of 1.53. Photronics, Inc. has a 52-week low of $16.46 and a 52-week high of $31.60. The firm's fifty day moving average is $21.30 and its two-hundred day moving average is $19.98.

Photronics (NASDAQ:PLAB - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.39 by $0.12. Photronics had a return on equity of 8.19% and a net margin of 12.67%.The business had revenue of $210.39 million for the quarter, compared to analyst estimates of $204.30 million. During the same quarter in the previous year, the firm earned $0.51 EPS. The company's quarterly revenue was down .3% compared to the same quarter last year. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. As a group, research analysts anticipate that Photronics, Inc. will post 2.3 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Singular Research upgraded Photronics to a "strong-buy" rating in a research report on Thursday, September 4th. DA Davidson cut their price target on shares of Photronics from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. Wall Street Zen raised Photronics from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Finally, Craig Hallum initiated coverage on Photronics in a report on Wednesday, June 11th. They issued a "buy" rating and a $32.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average 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.

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