LSV Asset Management Purchases 370,489 Shares of Photronics, Inc. $PLAB

LSV Asset Management lifted its position in Photronics, Inc. (NASDAQ:PLAB) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,883,463 shares of the semiconductor company’s stock after acquiring an additional 370,489 shares during the quarter. LSV Asset Management’s holdings in Photronics were worth $92,271,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in PLAB. Royal Bank of Canada grew its position in 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 buying an additional 50,707 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Photronics by 4.6% during 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 buying an additional 1,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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 valued at $2,009,000 after buying an additional 12,159 shares during the period. Intech Investment Management LLC grew 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 buying an additional 3,526 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Photronics by 21.5% during the second quarter. JPMorgan Chase & Co. now owns 273,646 shares of the semiconductor company’s stock valued at $5,153,000 after buying an additional 48,342 shares during the period. Institutional investors own 88.38% of the company’s stock.

Insider Buying and Selling at Photronics

In other Photronics news, COO Hsueh-Chun Wang sold 19,250 shares of the company’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $45.30, for a total transaction of $872,025.00. Following the sale, the chief operating officer directly owned 113,560 shares of the company’s stock, valued at $5,144,268. This represents a 14.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Rui Zhang sold 4,556 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $46.70, for a total transaction of $212,765.20. Following the sale, the chief accounting officer directly owned 27,079 shares in the company, valued at approximately $1,264,589.30. This trade represents a 14.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 346,144 shares of company stock valued at $15,061,759. Insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PLAB shares. Lake Street Capital restated a “buy” rating and set a $55.00 price target on shares of Photronics in a research report on Friday, May 1st. Craig Hallum restated a “buy” rating and set a $48.00 price target on shares of Photronics in a research report on Tuesday, March 3rd. Weiss Ratings upgraded shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of Photronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Finally, Zacks Research lowered shares of Photronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $49.33.

Photronics Stock Up 0.8%

NASDAQ PLAB opened at $51.46 on Friday. The company has a market cap of $3.03 billion, a PE ratio of 21.90 and a beta of 1.51. Photronics, Inc. has a 52 week low of $16.59 and a 52 week high of $56.00. The firm’s 50-day simple moving average is $45.11 and its two-hundred day simple moving average is $36.38.

Photronics (NASDAQ:PLAB) last released its quarterly earnings data on Wednesday, February 25th. The semiconductor company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.54 by $0.07. The business had revenue of $225.07 million for the quarter, compared to the consensus estimate of $220.09 million. Photronics had a net margin of 15.83% and a return on equity of 7.88%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. As a group, equities research analysts anticipate that Photronics, Inc. will post 2.35 EPS for the current 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.