Photronics (NASDAQ:PLAB) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Key Points

• Photronics reported quarterly earnings of $0.51 per share, exceeding expectations by $0.12 and showing a return on equity of 8.54%.
• The company updated its Q4 2025 guidance to an EPS range of $0.420-$0.480.
• Institutional investors currently own 88.38% of Photronics' stock, with significant recent increases from firms like Royal Bank of Canada and JPMorgan Chase & Co.

Photronics (NASDAQ:PLAB - Get Free Report) announced its quarterly earnings data on Wednesday. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.12, Zacks reports. Photronics had a net margin of 12.67% and a return on equity of 8.19%. The company had revenue of $210.39 million during the quarter, compared to analysts' expectations of $204.30 million. During the same quarter in the prior year, the company earned $0.51 EPS. The firm's revenue was down .3% on a year-over-year basis. Photronics updated its Q4 2025 guidance to 0.420-0.480 EPS.

Photronics Trading Down 3.9%

Shares of PLAB stock traded down $0.91 during trading hours on Friday, reaching $22.67. 994,580 shares of the company's stock were exchanged, compared to its average volume of 583,102. The stock's fifty day moving average price is $20.26 and its two-hundred day moving average price is $19.84. The stock has a market cap of $1.36 billion, a PE ratio of 12.88 and a beta of 1.40. Photronics has a 1 year low of $16.46 and a 1 year high of $31.60.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PLAB. Craig Hallum began coverage on shares of Photronics in a report on Wednesday, June 11th. They set a "buy" rating and a $32.00 price target on the stock. DA Davidson cut their target price on shares of Photronics from $35.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Finally, Wall Street Zen lowered shares of Photronics from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $31.00.

Insider Buying and Selling

In other Photronics news, Director Constantine S. Macricostas sold 29,500 shares of the company's stock in a transaction that occurred 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 sale, the director owned 459,623 shares in the company, valued at approximately $9,284,384.60. This represents a 6.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mitchell G. Tyson sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $19.97, for a total value of $299,550.00. Following the transaction, the director owned 56,927 shares in the company, valued at $1,136,832.19. This trade represents a 20.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,382 shares of company stock worth $985,035. 3.20% of the stock is currently owned by company insiders.

Institutional Trading of Photronics

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its position in shares of Photronics by 424.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,363 shares of the semiconductor company's stock worth $157,000 after purchasing an additional 6,767 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Photronics by 19.9% during the 2nd quarter. Raymond James Financial Inc. now owns 12,254 shares of the semiconductor company's stock valued at $231,000 after acquiring an additional 2,033 shares during the period. Quantinno Capital Management LP boosted its holdings in Photronics by 6.8% during the 2nd quarter. Quantinno Capital Management LP now owns 14,847 shares of the semiconductor company's stock valued at $280,000 after acquiring an additional 945 shares during the period. Nebula Research & Development LLC boosted its holdings in Photronics by 10.7% during the 2nd quarter. Nebula Research & Development LLC now owns 23,815 shares of the semiconductor company's stock valued at $448,000 after acquiring an additional 2,297 shares during the period. Finally, Nomura Holdings Inc. purchased a new position in Photronics during the 2nd quarter valued at about $477,000. 88.38% of the stock is owned by institutional investors and hedge funds.

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.