Voya Investment Management LLC Has $4.24 Million Stake in Photronics, Inc. $PLAB

Key Points

• Voya Investment Management LLC increased its holdings in Photronics, Inc. by 16.1% in the first quarter, now owning approximately $4.24 million worth of shares.
• Several institutional investors, including American Century Companies Inc. and Invesco Ltd., have also boosted their investments in Photronics, leading to 88.38% ownership of the company's stock by institutional investors.
• Photronics recently reported an EPS of $0.51 for the latest quarter, surpassing analysts' expectations, and has a consensus rating of "Buy" with an average price target of $31.00 according to analysts.

Voya Investment Management LLC lifted its position in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) by 16.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,238 shares of the semiconductor company's stock after acquiring an additional 28,345 shares during the quarter. Voya Investment Management LLC owned 0.34% of Photronics worth $4,240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PLAB. Deutsche Bank AG lifted its position in Photronics by 7.4% during the fourth quarter. Deutsche Bank AG now owns 66,467 shares of the semiconductor company's stock worth $1,566,000 after buying an additional 4,589 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 worth $826,000 after purchasing an additional 1,197 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Photronics by 49.5% in the fourth quarter. Squarepoint Ops LLC now owns 78,380 shares of the semiconductor company's stock valued at $1,847,000 after purchasing an additional 25,952 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Photronics during the fourth quarter worth approximately $656,000. Finally, Heck Capital Advisors LLC acquired a new position in Photronics during the 4th quarter worth approximately $110,000. 88.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on PLAB. 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 research note on Thursday, May 29th. Singular Research raised Photronics to a "strong-buy" rating in a research note on Thursday, September 4th. Wall Street Zen upgraded Photronics from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Finally, Craig Hallum initiated coverage on shares of Photronics in a research report on Wednesday, June 11th. They set a "buy" rating and a $32.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $31.00.

Photronics Price Performance

Shares of Photronics stock traded up $0.24 during midday trading on Tuesday, hitting $25.30. The company had a trading volume of 57,895 shares, compared to its average volume of 650,546. The business's 50 day simple moving average is $21.42 and its two-hundred day simple moving average is $20.00. The stock has a market cap of $1.49 billion, a PE ratio of 14.39 and a beta of 1.53. Photronics, Inc. has a 1-year low of $16.46 and a 1-year high of $31.60.

Photronics (NASDAQ:PLAB - Get Free Report) last posted its earnings results on Wednesday, August 27th. The semiconductor company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.12. Photronics had a net margin of 12.67% and a return on equity of 8.19%. 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 prior year, the firm earned $0.51 EPS. The firm'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. On average, sell-side analysts expect that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

Insider Buying and Selling

In other Photronics news, 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 transaction, the director owned 56,927 shares of the company's stock, valued at $1,136,832.19. The trade was a 20.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Han Kyung Park sold 15,000 shares of Photronics stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $22.00, for a total value of $330,000.00. Following the sale, the senior vice president directly owned 103,000 shares of the company's stock, valued at approximately $2,266,000. The trade was a 12.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,500 shares of company stock valued at $1,444,750. 3.20% of the stock is owned by company insiders.

About Photronics

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.