Segall Bryant & Hamill LLC Has $3.20 Million Position in Photronics, Inc. $PLAB

Segall Bryant & Hamill LLC lowered its holdings in Photronics, Inc. (NASDAQ:PLAB) by 8.6% in the second quarter, Holdings Channel.com reports. The firm owned 169,759 shares of the semiconductor company’s stock after selling 15,958 shares during the period. Segall Bryant & Hamill LLC’s holdings in Photronics were worth $3,197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in Photronics by 50.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 57,417 shares of the semiconductor company’s stock worth $1,192,000 after acquiring an additional 19,375 shares in the last quarter. CWM LLC grew its stake in Photronics by 36.1% during the 1st quarter. CWM LLC now owns 6,755 shares of the semiconductor company’s stock valued at $140,000 after acquiring an additional 1,793 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Photronics by 141.9% in the 1st quarter. Mackenzie Financial Corp now owns 67,372 shares of the semiconductor company’s stock valued at $1,399,000 after purchasing an additional 39,520 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Photronics by 93.1% in the first quarter. Meeder Asset Management Inc. now owns 94,880 shares of the semiconductor company’s stock worth $1,970,000 after purchasing an additional 45,747 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Photronics during the first quarter worth approximately $227,000. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Photronics Price Performance

Shares of NASDAQ:PLAB opened at $21.77 on Tuesday. The stock has a market capitalization of $1.28 billion, a P/E ratio of 12.37 and a beta of 1.55. The business has a 50-day moving average of $23.18 and a two-hundred day moving average of $21.18. Photronics, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $31.60.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Wednesday, August 27th. The semiconductor company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.12. Photronics had a return on equity of 8.19% and a net margin of 12.67%.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 posted $0.51 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. As a group, research analysts expect that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PLAB has been the topic of several research reports. Singular Research upgraded shares of Photronics to a “strong-buy” rating in a research note on Thursday, September 4th. Wall Street Zen upgraded shares of Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Photronics in a research note on Friday, October 31st. Finally, Zacks Research downgraded Photronics from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.00.

Insider Buying and Selling

In related news, Director Mary Paladino sold 42,750 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $24.00, for a total value of $1,026,000.00. Following the transaction, the director directly owned 33,798 shares in the company, valued at approximately $811,152. This trade represents a 55.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kang Jyh Lee sold 10,000 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $25.33, for a total transaction of $253,300.00. Following the transaction, the director directly owned 513,350 shares of the company’s stock, valued at approximately $13,003,155.50. This represents a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 82,750 shares of company stock valued at $1,953,800. 3.20% of the stock is owned by corporate insiders.

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.