Deutsche Bank AG Takes $2.30 Million Position in Photronics, Inc. $PLAB

Deutsche Bank AG bought a new position in shares of Photronics, Inc. (NASDAQ:PLAB) during the second quarter, according to its most recent filing with the SEC. The fund bought 70,596 shares of the semiconductor company’s stock, valued at approximately $2,296,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Torren Management LLC purchased a new position in Photronics in the fourth quarter valued at about $26,000. Larson Financial Group LLC purchased a new stake in shares of Photronics during the 3rd quarter worth approximately $28,000. First Horizon Corp bought a new stake in shares of Photronics in the 1st quarter worth approximately $33,000. Grove Bank & Trust bought a new stake in shares of Photronics in the 2nd quarter worth approximately $33,000. Finally, Quarry LP lifted its stake in Photronics by 569.8% in the fourth quarter. Quarry LP now owns 1,353 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 1,151 shares during the last quarter. 88.38% of the stock is owned by hedge funds and other institutional investors.

Photronics Price Performance

NASDAQ:PLAB opened at $30.26 on Friday. The company has a market cap of $1.78 billion, a P/E ratio of 10.65 and a beta of 1.38. The stock’s fifty day moving average price is $30.76 and its two-hundred day moving average price is $37.40. Photronics, Inc. has a 1 year low of $20.05 and a 1 year high of $56.00.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. The firm had revenue of $216.05 million during the quarter, compared to analyst estimates of $208.75 million. Photronics had a return on equity of 7.45% and a net margin of 19.05%.The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. On average, analysts expect that Photronics, Inc. will post 1.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PLAB has been the subject of several research reports. Freedom Capital raised Photronics to a “strong-buy” rating in a report on Thursday, July 2nd. Wall Street Zen lowered Photronics from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Lake Street Capital reaffirmed a “buy” rating and set a $55.00 price target on shares of Photronics in a research report on Friday, May 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Photronics in a research note on Friday, July 24th. Finally, Craig Hallum reissued a “buy” rating on shares of Photronics in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $49.33.

Key Stories Impacting Photronics

Here are the key news stories impacting Photronics this week:

• Positive Sentiment: Q3 earnings and revenue beat estimates. Photronics reported adjusted EPS of $0.50 versus the $0.40 consensus estimate and revenue of approximately $216.1 million versus expectations of $208.8 million. Revenue increased 2.7% year over year, while GAAP diluted EPS was $0.49. Photronics Reports Third Quarter 2026 Results
• Positive Sentiment: Higher-end chip-mask demand showed improvement. Management said delayed semiconductor design releases recovered during the quarter, helping results, while high-end integrated-circuit products reached a record 44% of IC revenue. IC revenue rose 5% year over year and sequentially to $154.7 million. Photronics Q3 Earnings Call Highlights High-End IC Recovery
• Positive Sentiment: Fourth-quarter guidance indicates continued demand resilience. Photronics forecast revenue of $207 million to $227 million and non-GAAP EPS of $0.40 to $0.56. The midpoint of the revenue outlook is broadly in line with analyst expectations, while the EPS midpoint is above the consensus estimate cited in the reports.
• Neutral Sentiment: Institutional positioning is mixed. Recent filings showed some large investors increasing holdings while others reduced exposure. The company ended the quarter with approximately $672.8 million in cash, cash equivalents and short-term investments, providing financial flexibility.
• Negative Sentiment: Several law firms publicized a securities class action against Photronics. The case covers investors who purchased shares between December 10, 2025, and May 27, 2026, and alleges that the company and certain officers made misleading disclosures about bottlenecks and demand in its high-end IC photomask business. The allegations have not been proven. The lead-plaintiff deadline is September 4, 2026. Photronics Class Action Deadline Pomerantz Investor Alert
• Negative Sentiment: Reported insider activity may temper sentiment. Data cited in the coverage showed 27 open-market insider sales and no purchases during the past six months, including sales by senior executives. While such transactions may reflect personal or compensation-related decisions, the absence of insider buying is a cautionary signal for investors.

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.