Renaissance Technologies LLC Sells 101,446 Shares of Photronics, Inc. $PLAB

Renaissance Technologies LLC cut its stake in Photronics, Inc. (NASDAQ:PLAB) by 84.7% in the 1st quarter, Holdings Channel reports. The firm owned 18,302 shares of the semiconductor company’s stock after selling 101,446 shares during the period. Renaissance Technologies LLC’s holdings in Photronics were worth $740,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Torren Management LLC purchased a new position in Photronics during the fourth quarter valued at $26,000. Larson Financial Group LLC purchased a new stake in shares of Photronics in the third quarter worth $28,000. First Horizon Corp bought a new position in shares of Photronics during the first quarter valued at $33,000. Quarry LP increased its holdings in shares of Photronics by 569.8% during the fourth quarter. Quarry LP now owns 1,353 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 1,151 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of Photronics by 723.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 1,245 shares during the last quarter. 88.38% of the stock is owned by hedge funds and other institutional investors.

More Photronics News

Here are the key news stories impacting Photronics this week:

• Neutral Sentiment: Multiple law firms announced that investors who purchased Photronics securities between December 10, 2025, and May 27, 2026 may seek appointment as lead plaintiff in the lawsuit. The deadline is September 4, 2026, although the notices primarily seek investor participation rather than announcing a new company operating development. Rosen Law Firm deadline notice
• Negative Sentiment: The complaint alleges that Photronics misled investors about demand and the outlook for its high-end integrated-circuit photomask products, including claims that customer-demand strength and growth forecasts were overstated. The allegations have not been proven, but the case could create legal costs, potential liability, management distraction, and uncertainty around the company’s business outlook. Hagens Berman investigation notice
• Negative Sentiment: The legal news follows Photronics’ latest quarterly report, which showed adjusted earnings of $0.42 per share versus the $0.53 consensus estimate and revenue of $209.94 million versus expectations of $216.47 million. Revenue declined slightly year over year, while third-quarter earnings guidance of $0.39-$0.45 per share remains below the recent analyst estimate. Together, the earnings shortfall and lawsuit allegations reinforce investor concerns about demand visibility and execution. Robbins LLP lawsuit notice

Photronics Stock Down 0.5%

NASDAQ PLAB opened at $33.32 on Friday. The company has a 50-day moving average price of $30.80 and a 200-day moving average price of $37.67. Photronics, Inc. has a 52 week low of $20.05 and a 52 week high of $56.00. The firm has a market capitalization of $1.96 billion, a P/E ratio of 12.16 and a beta of 1.38.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.11). The business had revenue of $209.94 million during the quarter, compared to analysts’ expectations of $216.47 million. Photronics had a return on equity of 7.69% and a net margin of 18.47%.The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS. As a group, equities research analysts anticipate that Photronics, Inc. will post 1.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Lake Street Capital reaffirmed a “buy” rating and issued a $55.00 target price on shares of Photronics in a report on Friday, May 1st. Wall Street Zen downgraded shares of Photronics from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Zacks Research lowered shares of Photronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Craig Hallum reaffirmed a “buy” rating on shares of Photronics in a research report on Friday, May 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Photronics in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $49.33.

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.