New Age Alpha Advisors LLC Has $2.71 Million Position in Photronics, Inc. $PLAB

New Age Alpha Advisors LLC increased its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,825 shares of the semiconductor company’s stock after purchasing an additional 12,752 shares during the period. New Age Alpha Advisors LLC’s holdings in Photronics were worth $2,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PLAB. Royal Bank of Canada lifted its holdings in 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Photronics by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,647 shares of the semiconductor company’s stock worth $761,000 after purchasing an additional 1,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Photronics by 14.4% during 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 purchasing an additional 12,159 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Photronics by 6.0% during the 1st quarter. Intech Investment Management LLC now owns 62,441 shares of the semiconductor company’s stock worth $1,296,000 after purchasing an additional 3,526 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Photronics by 21.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 273,646 shares of the semiconductor company’s stock worth $5,153,000 after purchasing an additional 48,342 shares during the last quarter. 88.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Photronics Price Performance

Shares of NASDAQ PLAB opened at $54.44 on Wednesday. The stock has a market capitalization of $3.21 billion, a PE ratio of 23.17 and a beta of 1.51. The business has a fifty day moving average price of $45.90 and a two-hundred day moving average price of $36.89. Photronics, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $56.00.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Wednesday, February 25th. The semiconductor company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.07. The firm had revenue of $225.07 million during the quarter, compared to analysts’ expectations of $220.09 million. Photronics had a return on equity of 7.88% and a net margin of 15.83%.The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. On average, equities analysts expect that Photronics, Inc. will post 2.35 EPS for the current year.

Insider Transactions at Photronics

In other Photronics news, CFO Eric Rivera sold 41,517 shares of Photronics stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $44.00, for a total value of $1,826,748.00. Following the completion of the transaction, the chief financial officer directly owned 136,173 shares of the company’s stock, valued at $5,991,612. The trade was a 23.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Constantine S. Macricostas sold 50,000 shares of Photronics stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $45.35, for a total value of $2,267,500.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 346,144 shares of company stock worth $15,061,759. Corporate insiders own 3.30% of the company’s stock.

Photronics Company Profile

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.