Photronics, Inc. (NASDAQ:PLAB) Receives Average Rating of “Buy” from Analysts

Shares of Photronics, Inc. (NASDAQ:PLAB) have been assigned a consensus rating of “Buy” from the five research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $31.00.

PLAB has been the topic of several research analyst reports. Singular Research raised Photronics to a “strong-buy” rating in a research note on Thursday, September 4th. Wall Street Zen raised Photronics from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Photronics in a research note on Wednesday, October 8th. Finally, Zacks Research raised Photronics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th.

Photronics Stock Up 3.0%

NASDAQ:PLAB opened at $23.94 on Friday. Photronics has a 12-month low of $16.46 and a 12-month high of $31.60. The firm has a market capitalization of $1.41 billion, a P/E ratio of 13.60 and a beta of 1.54. The stock’s fifty day simple moving average is $23.07 and its 200-day simple moving average is $20.49.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Wednesday, August 27th. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.39 by $0.12. The business had revenue of $210.39 million for the quarter, compared to the consensus estimate of $204.30 million. Photronics had a return on equity of 8.19% and a net margin of 12.67%.The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. As a group, equities research analysts expect that Photronics will post 2.3 earnings per share for the current year.

Insider Transactions at Photronics

In other Photronics news, Director Mary Paladino sold 42,750 shares of Photronics stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $24.00, for a total value of $1,026,000.00. Following the sale, the director owned 33,798 shares of the company’s stock, valued at $811,152. This trade represents a 55.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mitchell G. Tyson sold 5,000 shares of Photronics stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $25.04, for a total value of $125,200.00. Following the completion of the sale, the director directly owned 51,927 shares in the company, valued at $1,300,252.08. This represents a 8.78% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,750 shares of company stock worth $1,953,800. 3.20% of the stock is currently owned by company insiders.

Institutional Trading of Photronics

Several hedge funds and other institutional investors have recently modified their holdings of PLAB. LSV Asset Management raised its stake in shares of Photronics by 17.2% in the 2nd quarter. LSV Asset Management now owns 2,607,874 shares of the semiconductor company’s stock valued at $49,106,000 after purchasing an additional 383,355 shares during the period. American Century Companies Inc. raised its stake in shares of Photronics by 8.8% in the 1st quarter. American Century Companies Inc. now owns 2,196,267 shares of the semiconductor company’s stock valued at $45,595,000 after purchasing an additional 177,380 shares during the period. Nuveen LLC acquired a new stake in shares of Photronics in the 1st quarter valued at about $3,462,000. Invesco Ltd. grew its holdings in shares of Photronics by 12.1% in the 1st quarter. Invesco Ltd. now owns 1,258,714 shares of the semiconductor company’s stock valued at $26,131,000 after acquiring an additional 135,859 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Photronics by 525.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 109,374 shares of the semiconductor company’s stock valued at $2,060,000 after acquiring an additional 91,886 shares in the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.

About Photronics

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.