Photronics, Inc. (NASDAQ:PLAB) Stock Has Consensus Target Price of $49.33 According to Analysts

Shares of Photronics, Inc. (NASDAQ:PLAB) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $49.33.

A number of research firms recently commented on PLAB. Wall Street Zen raised shares of Photronics from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Zacks Research raised Photronics to a “hold” rating in a report on Friday, August 14th. Finally, Weiss Ratings raised Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 22nd.

Insiders Place Their Bets

In other news, Director Kang Lee sold 10,000 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $29.70, for a total transaction of $297,000.00. Following the completion of the transaction, the director owned 354,850 shares in the company, valued at approximately $10,539,045. This represents a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Han Park sold 9,500 shares of the stock in a transaction on Friday, September 25th. The stock was sold at an average price of $30.37, for a total value of $288,515.00. Following the transaction, the senior vice president owned 66,000 shares of the company’s stock, valued at $2,004,420. The trade was a 12.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,000 shares of company stock worth $1,114,265 in the last ninety days. Insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Photronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Photronics during the 2nd quarter worth approximately $308,586,000. Janus Henderson Group PLC boosted its holdings in Photronics by 32.5% in the 1st quarter. Janus Henderson Group PLC now owns 823,488 shares of the semiconductor company’s stock valued at $33,289,000 after purchasing an additional 202,040 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Photronics during the 2nd quarter valued at $12,374,000. Heartland Advisors Inc. purchased a new position in shares of Photronics during the 2nd quarter valued at $12,355,000. Finally, Empowered Funds LLC grew its position in shares of Photronics by 1.6% during the 1st quarter. Empowered Funds LLC now owns 290,142 shares of the semiconductor company’s stock valued at $11,725,000 after purchasing an additional 4,540 shares in the last quarter. Institutional investors own 88.38% of the company’s stock.

Photronics Trading Down 0.7%

Shares of Photronics stock opened at $27.40 on Tuesday. The business’s fifty day simple moving average is $29.09 and its 200 day simple moving average is $35.24. The firm has a market capitalization of $1.62 billion, a P/E ratio of 9.65 and a beta of 1.32. Photronics has a 12 month low of $20.05 and a 12 month high of $56.00.

Photronics (NASDAQ:PLAB) last released its earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. Photronics had a return on equity of 7.45% and a net margin of 19.05%. The company had revenue of $216.05 million for the quarter, compared to analysts’ expectations of $208.75 million. During the same period in the previous year, the business posted $0.51 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. Analysts predict that Photronics will post 1.90 EPS for the current fiscal year.

Photronics Company Profile

Photronics, Inc (NASDAQ: PLAB) is a manufacturer of photomasks, also known as photolithography masks, used in the production of semiconductors and flat-panel displays. Its products contain the patterns that are transferred onto silicon wafers or display substrates during the manufacturing process.

The company supplies photomasks for integrated circuits, including products used in advanced logic, memory, and other semiconductor applications. It also produces photomasks for flat-panel displays used in products such as televisions, monitors, smartphones, and other electronic devices.