Picton Mahoney Asset Management Has $894,000 Stock Position in Photronics, Inc. $PLAB

Picton Mahoney Asset Management raised its position in Photronics, Inc. (NASDAQ:PLAB) by 79,485.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,997 shares of the semiconductor company’s stock after purchasing an additional 38,948 shares during the quarter. Picton Mahoney Asset Management’s holdings in Photronics were worth $894,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Royal Bank of Canada raised its stake in shares of Photronics by 30.1% during the 1st 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 acquiring an additional 1,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Photronics by 14.4% during 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 buying an additional 12,159 shares in the last quarter. Intech Investment Management LLC raised its position in Photronics by 6.0% during 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 in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Photronics by 19.9% during the second quarter. Envestnet Asset Management Inc. now owns 68,839 shares of the semiconductor company’s stock worth $1,296,000 after acquiring an additional 11,422 shares in the last quarter. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Han Kyung Park sold 6,250 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $34.89, for a total transaction of $218,062.50. Following the transaction, the senior vice president directly owned 75,500 shares in the company, valued at $2,634,195. This trade represents a 7.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Paladino sold 11,250 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $35.11, for a total value of $394,987.50. Following the transaction, the director directly owned 23,820 shares in the company, valued at $836,320.20. This trade represents a 32.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 171,250 shares of company stock valued at $6,091,950. 3.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PLAB shares. Craig Hallum restated a “buy” rating and set a $48.00 price target on shares of Photronics in a report on Tuesday. Zacks Research lowered Photronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Photronics in a research report on Monday, December 29th. Finally, DA Davidson upped their price objective on Photronics from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Photronics has an average rating of “Moderate Buy” and a consensus price target of $46.50.

Photronics Stock Down 6.7%

NASDAQ:PLAB opened at $32.80 on Friday. Photronics, Inc. has a twelve month low of $16.46 and a twelve month high of $45.40. The stock has a market cap of $1.90 billion, a P/E ratio of 13.96 and a beta of 1.50. The business’s 50-day moving average price is $35.63 and its two-hundred day moving average price is $28.47.

Photronics (NASDAQ:PLAB) last announced its earnings results on Wednesday, February 25th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.07. Photronics had a net margin of 15.83% and a return on equity of 7.88%. The company had revenue of $225.07 million during the quarter, compared to analyst estimates of $220.09 million. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. On average, equities research analysts expect that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

About Photronics

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.