Photronics (NASDAQ:PLAB - Get Free Report) announced its quarterly earnings results on Wednesday. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.08), Zacks reports. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The business had revenue of $210.99 million during the quarter, compared to the consensus estimate of $212.00 million. During the same quarter last year, the company earned $0.46 earnings per share. The firm's revenue was down 2.8% compared to the same quarter last year. Photronics updated its Q3 2025 guidance to 0.350-0.410 EPS.
Photronics Price Performance
PLAB stock traded down $0.64 during midday trading on Friday, hitting $16.79. The company's stock had a trading volume of 1,425,696 shares, compared to its average volume of 545,075. The company's fifty day moving average price is $19.00 and its 200 day moving average price is $21.81. The stock has a market capitalization of $1.07 billion, a P/E ratio of 8.03 and a beta of 1.43. Photronics has a twelve month low of $16.46 and a twelve month high of $31.60.
Insider Buying and Selling
In related news, Director Walter M. Fiederowicz sold 5,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $19.16, for a total value of $95,800.00. Following the sale, the director now owns 24,548 shares in the company, valued at approximately $470,339.68. This represents a 16.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kang Jyh Lee sold 10,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $21.60, for a total value of $216,000.00. Following the sale, the chief executive officer now directly owns 542,100 shares of the company's stock, valued at $11,709,360. This represents a 1.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,548 shares of company stock worth $1,093,093. Corporate insiders own 3.20% of the company's stock.
Institutional Investors Weigh In On Photronics
A number of hedge funds and other institutional investors have recently modified their holdings of PLAB. Royal Bank of Canada raised its stake in shares of Photronics by 30.1% during the first quarter. Royal Bank of Canada now owns 219,290 shares of the semiconductor company's stock valued at $4,553,000 after acquiring an additional 50,707 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Photronics by 14.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,752 shares of the semiconductor company's stock worth $2,009,000 after purchasing an additional 12,159 shares during the last quarter. Intech Investment Management LLC increased its holdings in Photronics by 6.0% in the first quarter. Intech Investment Management LLC now owns 62,441 shares of the semiconductor company's stock valued at $1,296,000 after purchasing an additional 3,526 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Photronics by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,647 shares of the semiconductor company's stock valued at $761,000 after purchasing an additional 1,600 shares during the period. Institutional investors and hedge funds own 88.38% of the company's stock.
Analyst Upgrades and Downgrades
PLAB has been the subject of several research reports. Wall Street Zen downgraded shares of Photronics from a "buy" rating to a "hold" rating in a research report on Friday. DA Davidson reduced their target price on shares of Photronics from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday.
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About Photronics
(
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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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