Photronics, Inc. $PLAB Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Photronics, Inc. (NASDAQ:PLAB) by 16.8% in the third quarter, HoldingsChannel.com reports. The firm owned 227,742 shares of the semiconductor company’s stock after selling 45,904 shares during the quarter. JPMorgan Chase & Co.’s holdings in Photronics were worth $5,227,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC acquired a new position in Photronics during the third quarter worth about $28,000. Hantz Financial Services Inc. increased its holdings in Photronics by 673.4% in the third quarter. Hantz Financial Services Inc. now owns 1,485 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 1,293 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of Photronics during the 3rd quarter valued at approximately $62,000. State of Wyoming acquired a new stake in shares of Photronics during the 3rd quarter valued at approximately $73,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in shares of Photronics by 336.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 3,600 shares of the semiconductor company’s stock worth $68,000 after acquiring an additional 2,775 shares in the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.

Analysts Set New Price Targets

PLAB has been the topic of a number of research reports. Zacks Research cut Photronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Craig Hallum reiterated a “buy” rating and set a $48.00 target price on shares of Photronics in a research report on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Photronics in a report on Friday, March 27th. Wall Street Zen upgraded Photronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Finally, DA Davidson lifted their price target on Photronics from $30.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. One research 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.33.

Photronics Price Performance

PLAB stock opened at $40.88 on Thursday. The company’s 50 day simple moving average is $36.92 and its 200-day simple moving average is $30.40. Photronics, Inc. has a 12 month low of $16.46 and a 12 month high of $45.40. The firm has a market capitalization of $2.41 billion, a PE ratio of 17.40 and a beta of 1.43.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Wednesday, February 25th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.07. Photronics had a return on equity of 7.88% and a net margin of 15.83%.The firm had revenue of $225.07 million during the quarter, compared to the consensus estimate of $220.09 million. During the same period in the previous year, the firm posted $0.52 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. As a group, sell-side analysts anticipate that Photronics, Inc. will post 2.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Kang Jyh Lee sold 10,000 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $34.13, for a total value of $341,300.00. Following the completion of the transaction, the director directly owned 410,850 shares of the company’s stock, valued at $14,022,310.50. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Han Kyung Park sold 7,500 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $33.70, for a total value of $252,750.00. Following the completion of the sale, the senior vice president owned 81,750 shares in the company, valued at $2,754,975. This represents a 8.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 98,750 shares of company stock valued at $3,442,425. Corporate insiders own 3.30% of the company’s stock.

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.