Wedge Capital Management L L P NC Purchases 33,563 Shares of Photronics, Inc. $PLAB

Key Points

• Wedge Capital increased its Photronics position by 44.1% in the second quarter, acquiring 33,563 shares for a total of 109,646 shares valued at approximately $3.57 million. Institutional investors collectively own 88.38% of PLAB.
• Photronics reported quarterly EPS of $0.42, below the $0.53 consensus estimate, while revenue of $209.94 million also missed expectations. The company issued third-quarter fiscal 2026 EPS guidance of $0.39–$0.45.
• Analysts maintain an overall “Buy” rating with an average price target of $49.33, but the company faces investor scrutiny from recently publicized securities-class-action allegations; Photronics is scheduled to report fiscal third-quarter results on August 26.

Wedge Capital Management L L P NC raised its position in Photronics, Inc. (NASDAQ:PLAB - Free Report) by 44.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,646 shares of the semiconductor company's stock after acquiring an additional 33,563 shares during the period. Wedge Capital Management L L P NC owned about 0.19% of Photronics worth $3,567,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Royal Bank of Canada lifted its position in Photronics by 30.1% in the first quarter. Royal Bank of Canada now owns 219,290 shares of the semiconductor company's stock worth $4,553,000 after purchasing an additional 50,707 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Photronics by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,647 shares of the semiconductor company's stock valued at $761,000 after buying an additional 1,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Photronics by 14.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,752 shares of the semiconductor company's stock valued at $2,009,000 after buying an additional 12,159 shares during the period. Intech Investment Management LLC raised its stake in shares of Photronics by 6.0% in the 1st quarter. Intech Investment Management LLC now owns 62,441 shares of the semiconductor company's stock valued at $1,296,000 after buying an additional 3,526 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Photronics by 21.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 273,646 shares of the semiconductor company's stock valued at $5,153,000 after buying an additional 48,342 shares in the last quarter. Institutional investors own 88.38% of the company's stock.

Photronics Stock Performance

Shares of NASDAQ:PLAB opened at $33.48 on Friday. The business has a fifty day moving average of $30.71 and a 200-day moving average of $37.70. Photronics, Inc. has a twelve month low of $20.05 and a twelve month high of $56.00. The firm has a market cap of $1.97 billion, a PE ratio of 12.22 and a beta of 1.38.

Photronics (NASDAQ:PLAB - Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.11). Photronics had a return on equity of 7.69% and a net margin of 18.47%.The company had revenue of $209.94 million for the quarter, compared to analyst estimates of $216.47 million. During the same quarter last year, the company earned $0.40 EPS. The firm's quarterly revenue was down .5% on a year-over-year basis. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS.

Analyst Ratings Changes

PLAB has been the topic of several recent research reports. Freedom Capital upgraded shares of Photronics to a "strong-buy" rating in a research report on Thursday, July 2nd. Zacks Research lowered shares of Photronics from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 13th. Craig Hallum restated a "buy" rating on shares of Photronics in a research note on Friday, May 29th. Lake Street Capital reaffirmed a "buy" rating and set a $55.00 price objective on shares of Photronics in a report on Friday, May 1st. Finally, Wall Street Zen cut Photronics from a "buy" rating to a "hold" rating in a report on Saturday, June 13th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $49.33.

Photronics News Summary

Here are the key news stories impacting Photronics this week:

• Neutral Sentiment: Photronics is scheduled to report fiscal third-quarter 2026 results on August 26, giving investors a near-term catalyst for updates on demand, revenue, margins, and its photomask business. Photronics to Report Fiscal Third Quarter 2026 Results on August 26, 2026
• Negative Sentiment: Multiple law firms publicized a securities class action against Photronics and urged investors who purchased shares between December 10, 2025, and May 27, 2026, to seek lead-plaintiff status by September 4, 2026. The notices allege that Photronics overstated the strength and sustainability of customer demand for its high-end integrated-circuit photomask products and misled investors about its growth outlook. Photronics Investor Notice
• Negative Sentiment: One complaint reportedly claims that design-release pipeline bottlenecks made management’s growth forecasts unattainable and names the CEO and CFO as individual defendants. The allegations are unproven, but the litigation creates legal, reputational, and potential financial risks and may keep investor attention focused on whether demand projections were accurate. Photronics Securities Class Action Deadline

Photronics 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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