Photronics, Inc. (NASDAQ:PLAB) Receives $49.33 Average PT from Brokerages

Shares of Photronics, Inc. (NASDAQ:PLAB) have been assigned an average rating of “Buy” from the six research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $49.3333.

A number of brokerages recently weighed in on PLAB. Wall Street Zen upgraded shares of Photronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Lake Street Capital restated a “buy” rating and set a $55.00 price objective on shares of Photronics in a research note on Friday, May 1st. Craig Hallum restated a “buy” rating and set a $48.00 price objective on shares of Photronics in a research note on Tuesday, March 3rd. Zacks Research upgraded shares of Photronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings upgraded shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th.

Insider Buying and Selling at Photronics

In related news, CAO Rui Zhang sold 4,556 shares of Photronics stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $46.70, for a total transaction of $212,765.20. Following the sale, the chief accounting officer directly owned 27,079 shares in the company, valued at $1,264,589.30. The trade was a 14.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Constantine S. Macricostas sold 50,000 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $45.35, for a total transaction of $2,267,500.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 346,144 shares of company stock valued at $15,061,759. 3.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Photronics

Several hedge funds and other institutional investors have recently bought and sold shares of PLAB. Royal Bank of Canada raised its position in Photronics by 30.1% in the first quarter. Royal Bank of Canada now owns 219,290 shares of the semiconductor company’s stock worth $4,553,000 after acquiring an additional 50,707 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 worth $761,000 after acquiring an additional 1,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Photronics by 14.4% in 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 acquiring an additional 12,159 shares in the last quarter. Intech Investment Management LLC raised its position in Photronics by 6.0% in the first quarter. Intech Investment Management LLC now owns 62,441 shares of the semiconductor company’s stock worth $1,296,000 after acquiring an additional 3,526 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Photronics by 21.5% in the second quarter. JPMorgan Chase & Co. now owns 273,646 shares of the semiconductor company’s stock worth $5,153,000 after acquiring an additional 48,342 shares in the last quarter. 88.38% of the stock is currently owned by institutional investors.

Photronics Stock Performance

PLAB stock opened at $53.64 on Tuesday. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 22.83 and a beta of 1.51. Photronics has a 1 year low of $16.59 and a 1 year high of $53.92. The stock’s fifty day moving average is $41.92 and its two-hundred day moving average is $34.39.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Wednesday, February 25th. The semiconductor company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. Photronics had a net margin of 15.83% and a return on equity of 7.88%. The business had revenue of $225.07 million for the quarter, compared to analysts’ expectations of $220.09 million. During the same period in the previous year, the business earned $0.52 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. As a group, analysts predict that Photronics will post 2.35 EPS for the current fiscal year.

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.