Photronics, Inc. (NASDAQ:PLAB) Receives $49.33 Consensus Target Price from Brokerages

Photronics, Inc. (NASDAQ:PLAB) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $49.3333.

A number of research analysts have weighed in on the company. Weiss Ratings raised Photronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Zacks Research lowered Photronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Wall Street Zen lowered Photronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. Craig Hallum reaffirmed a “buy” rating on shares of Photronics in a report on Friday, May 29th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $55.00 target price on shares of Photronics in a report on Friday, May 1st.

Photronics Stock Performance

Shares of PLAB opened at $32.11 on Friday. The business has a 50-day moving average of $45.90 and a 200 day moving average of $37.49. Photronics has a fifty-two week low of $17.57 and a fifty-two week high of $56.00. The firm has a market cap of $1.89 billion, a P/E ratio of 11.72 and a beta of 1.37.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.11). Photronics had a return on equity of 7.69% and a net margin of 18.47%.The firm had revenue of $209.94 million during the quarter, compared to analysts’ expectations of $216.47 million. During the same period last year, the business posted $0.40 EPS. The company’s revenue was down .5% compared to the same quarter last year. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS. As a group, research analysts predict that Photronics will post 2.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Photronics

In other Photronics news, Director Constantine S. Macricostas sold 50,000 shares of Photronics 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Hsueh-Chun Wang sold 19,250 shares of Photronics stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $45.30, for a total value of $872,025.00. Following the transaction, the chief operating officer directly owned 113,560 shares of the company’s stock, valued at $5,144,268. The trade was a 14.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 346,144 shares of company stock worth $15,061,759. 3.30% of the stock is owned by corporate insiders.

Institutional Trading of Photronics

A number of large investors have recently modified their holdings of PLAB. Victory Capital Management Inc. boosted its position in shares of Photronics by 699.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,305,610 shares of the semiconductor company’s stock valued at $52,914,000 after acquiring an additional 2,017,052 shares during the last quarter. Invesco Ltd. boosted its position in shares of Photronics by 395.9% during the 4th quarter. Invesco Ltd. now owns 1,536,374 shares of the semiconductor company’s stock valued at $49,164,000 after acquiring an additional 1,226,588 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Photronics during the 1st quarter valued at about $47,902,000. Janus Henderson Group PLC boosted its position in shares of Photronics by 2,201.5% during the 4th quarter. Janus Henderson Group PLC now owns 621,448 shares of the semiconductor company’s stock valued at $19,883,000 after acquiring an additional 594,446 shares during the last quarter. Finally, LSV Asset Management boosted its position in shares of Photronics by 14.7% during the 4th quarter. LSV Asset Management now owns 2,883,463 shares of the semiconductor company’s stock valued at $92,271,000 after acquiring an additional 370,489 shares during the last quarter. Institutional investors own 88.38% of the company’s stock.

Photronics Company 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.