Public Sector Pension Investment Board Has $5.38 Million Position in Photronics, Inc. $PLAB

Public Sector Pension Investment Board raised its holdings in Photronics, Inc. (NASDAQ:PLAB) by 8.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 234,603 shares of the semiconductor company’s stock after acquiring an additional 17,943 shares during the quarter. Public Sector Pension Investment Board owned about 0.40% of Photronics worth $5,384,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Photronics by 30.1% in 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 stake in Photronics by 4.6% in 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 boosted its holdings 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 worth $2,009,000 after buying an additional 12,159 shares during the last quarter. Intech Investment Management LLC boosted its holdings in Photronics by 6.0% during the first quarter. Intech Investment Management LLC now owns 62,441 shares of the semiconductor company’s stock worth $1,296,000 after buying an additional 3,526 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Photronics during the 2nd quarter worth about $406,000. Institutional investors own 88.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PLAB. Weiss Ratings reiterated a “hold (c+)” rating on shares of Photronics in a research report on Monday, December 29th. DA Davidson upped their target price on shares of Photronics from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Zacks Research lowered shares of Photronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Craig Hallum boosted their price target on shares of Photronics from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned 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 $43.50.

Insider Buying and Selling at Photronics

In related news, SVP Han Kyung Park sold 13,750 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $37.99, for a total transaction of $522,362.50. Following the completion of the transaction, the senior vice president directly owned 89,250 shares of the company’s stock, valued at approximately $3,390,607.50. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary Paladino sold 11,250 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $35.11, for a total value of $394,987.50. Following the transaction, the director directly owned 23,820 shares in the company, valued at $836,320.20. This trade represents a 32.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 181,250 shares of company stock valued at $6,317,150. Corporate insiders own 3.20% of the company’s stock.

Photronics Stock Performance

NASDAQ PLAB opened at $37.25 on Friday. Photronics, Inc. has a 52 week low of $16.46 and a 52 week high of $39.80. The stock’s 50 day moving average price is $34.95 and its two-hundred day moving average price is $27.18. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 16.27 and a beta of 1.52.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Wednesday, December 10th. The semiconductor company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.13. The company had revenue of $215.77 million during the quarter, compared to analysts’ expectations of $204.54 million. Photronics had a net margin of 16.06% and a return on equity of 7.87%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS. Photronics has set its Q1 2026 guidance at 0.510-0.590 EPS. On average, equities research analysts forecast that Photronics, Inc. will post 2.3 EPS for the current year.

Photronics 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.