Brokerages Set Photronics, Inc. (NASDAQ:PLAB) PT at $31.00

Photronics, Inc. (NASDAQ:PLAB) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $31.00.

Several analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Photronics in a report on Monday, December 1st. Singular Research upgraded Photronics to a “strong-buy” rating in a research report on Thursday, September 4th. Wall Street Zen raised Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Zacks Research lowered shares of Photronics from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th.

Insider Activity at Photronics

In other Photronics news, EVP Christopher J. Progler sold 10,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $22.52, for a total transaction of $225,200.00. Following the transaction, the executive vice president directly owned 190,591 shares in the company, valued at approximately $4,292,109.32. This represents a 4.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kang Jyh Lee sold 10,000 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $25.33, for a total transaction of $253,300.00. Following the completion of the transaction, the director directly owned 513,350 shares of the company’s stock, valued at approximately $13,003,155.50. This trade represents a 1.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 67,750 shares of company stock worth $1,629,700 in the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Photronics

A number of institutional investors have recently bought and sold shares of the company. Morningstar Investment Management LLC acquired a new stake in Photronics in the third quarter valued at $1,649,000. Caxton Associates LLP purchased a new stake in shares of Photronics in the 3rd quarter worth about $1,006,000. Dark Forest Capital Management LP purchased a new stake in shares of Photronics in the 3rd quarter worth about $2,042,000. Wexford Capital LP acquired a new stake in Photronics in the 3rd quarter valued at about $62,000. Finally, Qube Research & Technologies Ltd grew its stake in Photronics by 123.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 233,498 shares of the semiconductor company’s stock valued at $5,359,000 after acquiring an additional 129,152 shares during the last quarter. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

Photronics Stock Performance

PLAB stock opened at $37.35 on Friday. The stock has a market capitalization of $2.20 billion, a PE ratio of 21.22 and a beta of 1.54. The company has a fifty day moving average of $23.39 and a 200-day moving average of $21.55. Photronics has a one year low of $16.46 and a one year high of $38.15.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Wednesday, December 10th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.13. The business had revenue of $215.77 million for the quarter, compared to analyst estimates of $204.54 million. Photronics had a net margin of 12.67% and a return on equity of 8.19%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 earnings per share. Photronics has set its Q1 2026 guidance at 0.510-0.590 EPS. Equities analysts forecast that Photronics will post 2.3 earnings per share for the current fiscal year.

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.