Photronics, Inc. $PLAB Shares Purchased by Nierenberg Investment Management Company Inc.

Nierenberg Investment Management Company Inc. increased its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 47.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,330 shares of the semiconductor company’s stock after acquiring an additional 11,000 shares during the period. Photronics comprises 0.3% of Nierenberg Investment Management Company Inc.’s investment portfolio, making the stock its 26th biggest position. Nierenberg Investment Management Company Inc. owned approximately 0.06% of Photronics worth $646,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PLAB. Vanguard Group Inc. increased its stake in Photronics by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,907,219 shares of the semiconductor company’s stock worth $122,634,000 after purchasing an additional 38,330 shares during the period. LSV Asset Management grew its holdings in shares of Photronics by 17.2% in the second 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 in the last quarter. American Century Companies Inc. grew its holdings in shares of Photronics by 8.8% in the first 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 in the last quarter. Geode Capital Management LLC increased its stake in Photronics by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,888,042 shares of the semiconductor company’s stock worth $35,555,000 after buying an additional 26,507 shares during the period. Finally, Invesco Ltd. lifted its holdings in Photronics by 12.1% during the 1st quarter. Invesco Ltd. now owns 1,258,714 shares of the semiconductor company’s stock worth $26,131,000 after buying an additional 135,859 shares in the last quarter. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

Photronics Trading Down 0.7%

Photronics stock opened at $20.60 on Wednesday. The company has a fifty day simple moving average of $23.31 and a 200-day simple moving average of $21.12. The stock has a market cap of $1.22 billion, a P/E ratio of 11.70 and a beta of 1.55. Photronics, Inc. has a 12-month low of $16.46 and a 12-month high of $31.60.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, August 27th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.12. The company had revenue of $210.39 million for the quarter, compared to analysts’ expectations of $204.30 million. Photronics had a return on equity of 8.19% and a net margin of 12.67%.Photronics’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. As a group, sell-side analysts forecast that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on PLAB. Singular Research upgraded shares of Photronics to a “strong-buy” rating in a research note on Thursday, September 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Photronics in a report on Friday, October 31st. Wall Street Zen upgraded Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Zacks Research lowered Photronics from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.00.

Insider Buying and Selling at Photronics

In other Photronics news, EVP Christopher J. Progler sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $21.93, for a total transaction of $219,300.00. Following the sale, the executive vice president owned 200,591 shares of the company’s stock, valued at approximately $4,398,960.63. This trade represents a 4.75% 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, Director Kang Jyh Lee sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $25.33, for a total transaction of $253,300.00. Following the sale, the director owned 513,350 shares of the company’s stock, valued at $13,003,155.50. This represents a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 82,750 shares of company stock worth $1,953,800. 3.20% of the stock is currently owned by corporate insiders.

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.