Photronics (NASDAQ:PLAB) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Photronics (NASDAQ:PLAB - Get Free Report) released its quarterly earnings results on Wednesday. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.08), Zacks reports. Photronics had a net margin of 15.07% and a return on equity of 9.10%. The business had revenue of $210.99 million during the quarter, compared to analysts' expectations of $212.00 million. During the same period in the previous year, the business earned $0.46 EPS. The business's revenue was down 2.8% on a year-over-year basis. Photronics updated its Q3 2025 guidance to 0.350-0.410 EPS.

Photronics Stock Down 3.7%

Shares of NASDAQ PLAB traded down $0.64 during trading hours on Friday, reaching $16.79. 1,425,696 shares of the stock traded hands, compared to its average volume of 545,110. The company has a market capitalization of $1.07 billion, a P/E ratio of 8.03 and a beta of 1.43. Photronics has a 52-week low of $16.46 and a 52-week high of $31.60. The company's 50-day simple moving average is $19.09 and its two-hundred day simple moving average is $21.88.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered their price target on Photronics from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday.

Insider Activity at Photronics

In other Photronics news, Director Walter M. Fiederowicz sold 7,548 shares of Photronics stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $17.87, for a total value of $134,882.76. Following the transaction, the director now directly owns 10,000 shares of the company's stock, valued at $178,700. The trade was a 43.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kang Jyh Lee sold 10,000 shares of Photronics stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $20.90, for a total value of $209,000.00. Following the completion of the transaction, the chief executive officer now directly owns 552,100 shares in the company, valued at $11,538,890. This trade represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,548 shares of company stock valued at $1,093,093. Corporate insiders own 3.20% of the company's stock.

Institutional Investors Weigh In On Photronics

A number of large investors have recently made changes to their positions in PLAB. Royal Bank of Canada grew its position in shares of Photronics by 30.1% in the 1st quarter. Royal Bank of Canada now owns 219,290 shares of the semiconductor company's stock worth $4,553,000 after buying an additional 50,707 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of 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 worth $2,009,000 after buying an additional 12,159 shares during the last quarter. Intech Investment Management LLC grew its position 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 worth $1,296,000 after buying an additional 3,526 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 worth $761,000 after buying an additional 1,600 shares during the last quarter. 88.38% of the stock is currently owned by institutional investors.

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.