Legal & General Group Plc Has $4.73 Million Stock Position in Photronics, Inc. $PLAB

Legal & General Group Plc lowered its stake in Photronics, Inc. (NASDAQ:PLAB) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 147,710 shares of the semiconductor company’s stock after selling 17,303 shares during the quarter. Legal & General Group Plc’s holdings in Photronics were worth $4,727,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Torren Management LLC acquired a new stake in shares of Photronics in the fourth quarter valued at about $26,000. Larson Financial Group LLC acquired a new stake in shares of Photronics in the third quarter valued at about $28,000. Hantz Financial Services Inc. lifted its stake 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 acquiring an additional 1,293 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Photronics by 723.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 1,245 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in Photronics in the fourth quarter valued at $55,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

Insider Activity

In other news, Director Kang Jyh Lee sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $45.92, for a total value of $918,400.00. Following the transaction, the director owned 355,850 shares of the company’s stock, valued at approximately $16,340,632. This represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eric Rivera sold 41,517 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $44.00, for a total value of $1,826,748.00. Following the completion of the transaction, the chief financial officer directly owned 136,173 shares in the company, valued at $5,991,612. The trade was a 23.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 346,144 shares of company stock valued at $15,061,759. 3.30% of the stock is owned by insiders.

Photronics Stock Up 2.8%

Shares of NASDAQ PLAB opened at $29.96 on Tuesday. The business’s 50 day moving average price is $45.20 and its two-hundred day moving average price is $37.68. The company has a market cap of $1.77 billion, a PE ratio of 10.93 and a beta of 1.37. Photronics, Inc. has a twelve month low of $18.00 and a twelve month high of $56.00.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.11). The business had revenue of $209.94 million for the quarter, compared to analyst estimates of $216.47 million. Photronics had a return on equity of 7.69% and a net margin of 18.47%.Photronics’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.40 EPS. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS.

Analyst Ratings Changes

PLAB has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Wall Street Zen cut shares of Photronics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Craig Hallum reissued a “buy” rating on shares of Photronics in a research report on Friday, May 29th. Zacks Research downgraded Photronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Lake Street Capital reissued a “buy” rating and set a $55.00 price target on shares of Photronics in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Photronics currently has a consensus rating of “Moderate Buy” and an average target price of $49.33.

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.