Photronics, Inc. $PLAB Stock Bought by Torrey Growth & Income Advisors

Torrey Growth & Income Advisors raised its position in Photronics, Inc. (NASDAQ:PLAB) by 40.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 72,781 shares of the semiconductor company’s stock after buying an additional 20,981 shares during the quarter. Photronics comprises about 0.7% of Torrey Growth & Income Advisors’ holdings, making the stock its 25th largest position. Torrey Growth & Income Advisors owned approximately 0.12% of Photronics worth $2,239,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PLAB. Allworth Financial LP acquired a new stake in shares of Photronics in the 2nd quarter worth $26,000. First Horizon Corp purchased a new stake in shares of Photronics in the first quarter valued at about $33,000. Grove Bank & Trust acquired a new position in shares of Photronics during the second quarter worth about $33,000. Integrated Wealth Concepts LLC acquired a new position in shares of Photronics during the second quarter worth about $40,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Photronics during the second quarter worth about $44,000. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Zacks Research raised shares of Photronics to a “hold” rating in a report on Friday, August 14th. Wall Street Zen raised Photronics from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Finally, Weiss Ratings lowered Photronics from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, November 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.33.

Photronics Price Performance

Shares of PLAB stock opened at $28.92 on Tuesday. The business’s fifty day moving average price is $28.89 and its 200 day moving average price is $35.07. The firm has a market capitalization of $1.71 billion, a PE ratio of 10.18 and a beta of 1.42. Photronics, Inc. has a 1-year low of $20.05 and a 1-year high of $56.00.

Photronics (NASDAQ:PLAB) last released its earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. The company had revenue of $216.05 million during the quarter, compared to the consensus estimate of $208.75 million. Photronics had a return on equity of 7.45% and a net margin of 19.05%. Photronics’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. Equities research analysts expect that Photronics, Inc. will post 1.90 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Han Park sold 9,500 shares of the firm’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $30.37, for a total value of $288,515.00. Following the completion of the sale, the senior vice president owned 66,000 shares in the company, valued at $2,004,420. This trade represents a 12.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kang Lee sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $30.75, for a total transaction of $307,500.00. Following the sale, the director directly owned 337,350 shares in the company, valued at approximately $10,373,512.50. This represents a 2.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 37,000 shares of company stock valued at $1,114,265 in the last quarter. Company insiders own 3.30% of the company’s stock.

Photronics Profile

Photronics, Inc manufactures photomasks, high-precision plates used to transfer circuit patterns onto semiconductor wafers and flat-panel displays. Its products support the production of integrated circuits and display technologies.

The company serves semiconductor and display manufacturers around the world, with operations across North America, Europe and Asia. Photronics traces its history to 1969, when it was established as Photronic Labs.

Photronics is headquartered in Brookfield, Connecticut.