Photronics, Inc. $PLAB Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. cut its holdings in shares of Photronics, Inc. (NASDAQ:PLAB) by 65.9% in the 1st quarter, Holdings Channel reports. The firm owned 71,945 shares of the semiconductor company’s stock after selling 139,030 shares during the period. Hodges Capital Management Inc.’s holdings in Photronics were worth $1,494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. SummerHaven Investment Management LLC lifted its stake in Photronics by 2.1% during the first quarter. SummerHaven Investment Management LLC now owns 30,540 shares of the semiconductor company’s stock valued at $634,000 after purchasing an additional 625 shares during the last quarter. Perkins Coie Trust Co lifted its stake in Photronics by 11.9% during the first quarter. Perkins Coie Trust Co now owns 9,400 shares of the semiconductor company’s stock valued at $195,000 after purchasing an additional 1,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Photronics by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,047 shares of the semiconductor company’s stock valued at $826,000 after purchasing an additional 1,197 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in Photronics by 4.8% during the first quarter. Illinois Municipal Retirement Fund now owns 31,525 shares of the semiconductor company’s stock valued at $654,000 after purchasing an additional 1,440 shares during the last quarter. Finally, Martingale Asset Management L P lifted its stake in Photronics by 1.6% during the first quarter. Martingale Asset Management L P now owns 97,138 shares of the semiconductor company’s stock valued at $2,017,000 after purchasing an additional 1,483 shares during the last quarter. 88.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Han Kyung Park sold 15,000 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $22.00, for a total transaction of $330,000.00. Following the transaction, the senior vice president owned 103,000 shares in the company, valued at $2,266,000. This represents a 12.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher J. Progler sold 10,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $21.93, for a total transaction of $219,300.00. Following the transaction, the executive vice president owned 200,591 shares in the company, valued at approximately $4,398,960.63. This trade represents a 4.75% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,382 shares of company stock worth $1,534,335. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Craig Hallum assumed coverage on shares of Photronics in a research report on Wednesday, June 11th. They issued a “buy” rating and a $32.00 price target for the company. DA Davidson reduced their price target on shares of Photronics from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, May 29th. Singular Research upgraded shares of Photronics to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, Wall Street Zen upgraded shares of Photronics from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $31.00.

Photronics Stock Down 1.1%

PLAB stock opened at $22.53 on Friday. Photronics, Inc. has a 12-month low of $16.46 and a 12-month high of $31.60. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 12.80 and a beta of 1.53. The company has a 50 day moving average of $20.89 and a two-hundred day moving average of $19.87.

Photronics (NASDAQ:PLAB) last released its earnings results on Wednesday, August 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.12. Photronics had a net margin of 12.67% and a return on equity of 8.19%. The company had revenue of $210.39 million during the quarter, compared to the consensus estimate of $204.30 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue was down .3% compared to the same quarter last year. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. On average, research analysts anticipate that Photronics, Inc. will post 2.3 EPS for the current year.

Photronics 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.