Photronics (NASDAQ:PLAB) Announces Quarterly Earnings Results

Photronics (NASDAQ:PLAB) announced its quarterly earnings data on Thursday. The semiconductor company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.11), FiscalAI reports. The business had revenue of $209.94 million during the quarter, compared to the consensus estimate of $216.47 million. Photronics had a net margin of 15.83% and a return on equity of 7.88%.

Photronics Stock Down 1.7%

Shares of NASDAQ PLAB opened at $53.51 on Thursday. The business has a fifty day simple moving average of $46.28 and a two-hundred day simple moving average of $37.11. The firm has a market cap of $3.16 billion, a PE ratio of 22.77 and a beta of 1.51. Photronics has a twelve month low of $16.59 and a twelve month high of $56.00.

Wall Street Analysts Forecast Growth

PLAB has been the subject of several research reports. Wall Street Zen raised shares of Photronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Craig Hallum reissued a “buy” rating and issued a $48.00 price objective on shares of Photronics in a research report on Tuesday, March 3rd. Zacks Research cut shares of Photronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Lake Street Capital reissued a “buy” rating and issued a $55.00 price objective on shares of Photronics in a research report on Friday, May 1st. Finally, Weiss Ratings raised shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.33.

Insider Buying and Selling at Photronics

In other news, Director Kang Jyh Lee sold 20,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $45.92, for a total transaction of $918,400.00. Following the transaction, the director directly owned 355,850 shares in the company, valued at approximately $16,340,632. This trade represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Constantine S. Macricostas sold 50,000 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $45.35, for a total transaction of $2,267,500.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 346,144 shares of company stock worth $15,061,759. 3.30% of the stock is currently owned by company insiders.

Institutional Trading of Photronics

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its position in Photronics by 0.3% during the 4th quarter. Russell Investments Group Ltd. now owns 105,784 shares of the semiconductor company’s stock valued at $3,385,000 after acquiring an additional 306 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Photronics by 16.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,624 shares of the semiconductor company’s stock valued at $84,000 after acquiring an additional 365 shares in the last quarter. Franklin Resources Inc. boosted its position in Photronics by 0.9% during the third quarter. Franklin Resources Inc. now owns 60,900 shares of the semiconductor company’s stock valued at $1,398,000 after purchasing an additional 570 shares in the last quarter. Quantinno Capital Management LP boosted its position in Photronics by 6.8% during the second quarter. Quantinno Capital Management LP now owns 14,847 shares of the semiconductor company’s stock valued at $280,000 after purchasing an additional 945 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in Photronics by 243.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,499 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 1,063 shares in the last quarter. Institutional investors own 88.38% of the company’s stock.

Photronics Company Profile

Photronics, Inc is a leading global supplier of photomask products used in the manufacture of integrated circuits, flat panel displays, microelectromechanical systems (MEMS), and advanced packaging applications. Photomasks, also known as reticles, are critical templates that carry the precise circuit patterns required for semiconductor lithography processes. The company offers a comprehensive range of mask solutions, including binary masks, attenuated phase-shift masks, reticles for micro-optics, and specialized products for high‐resolution applications.

Founded in 1969 and headquartered in Brookfield, Connecticut, Photronics has grown through organic expansion and strategic investments in high‐end lithography technology.