Algert Global LLC Has $3.10 Million Stock Holdings in Photronics, Inc. $PLAB

Algert Global LLC increased its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,301 shares of the semiconductor company’s stock after acquiring an additional 6,010 shares during the period. Algert Global LLC owned about 0.23% of Photronics worth $3,099,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in PLAB. Menard Financial Group LLC acquired a new stake in shares of Photronics during the 4th quarter worth approximately $66,000. Canada Pension Plan Investment Board acquired a new stake in shares of Photronics during the 4th quarter worth approximately $101,000. Heck Capital Advisors LLC acquired a new stake in shares of Photronics during the 4th quarter worth approximately $110,000. CWM LLC boosted its position in shares of Photronics by 36.1% during the 1st quarter. CWM LLC now owns 6,755 shares of the semiconductor company’s stock worth $140,000 after acquiring an additional 1,793 shares in the last quarter. Finally, Perkins Coie Trust Co boosted its position in shares of Photronics by 11.9% during the 1st quarter. Perkins Coie Trust Co now owns 9,400 shares of the semiconductor company’s stock worth $195,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PLAB. Craig Hallum began coverage on shares of Photronics in a research report on Wednesday, June 11th. They set a “buy” rating and a $32.00 price target on the stock. DA Davidson decreased their target price on shares of Photronics from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 29th. Finally, Wall Street Zen cut shares of Photronics from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $31.00.

Photronics Stock Performance

NASDAQ PLAB opened at $20.64 on Thursday. The firm’s fifty day moving average price is $19.70 and its two-hundred day moving average price is $19.86. The stock has a market cap of $1.24 billion, a PE ratio of 10.75 and a beta of 1.40. Photronics, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $31.60.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Wednesday, May 28th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.08). The business had revenue of $210.99 million for the quarter, compared to analyst estimates of $212.00 million. Photronics had a return on equity of 8.54% and a net margin of 14.00%.Photronics’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. Photronics has set its Q3 2025 guidance at 0.350-0.410 EPS. As a group, sell-side analysts predict that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Photronics

In other news, Director Mitchell G. Tyson sold 15,000 shares of Photronics stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $19.97, for a total transaction of $299,550.00. Following the transaction, the director owned 56,927 shares in the company, valued at approximately $1,136,832.19. The trade was a 20.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kang Jyh Lee sold 4,882 shares of Photronics stock in a transaction on Friday, June 20th. The stock was sold at an average price of $18.35, for a total transaction of $89,584.70. Following the transaction, the director owned 532,100 shares in the company, valued at approximately $9,764,035. This trade represents a 0.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,382 shares of company stock worth $985,035 in the last three months. 3.20% of the stock is currently owned by company insiders.

Photronics Company Profile

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.