WINTON GROUP Ltd Sells 18,961 Shares of Photronics, Inc. $PLAB

WINTON GROUP Ltd lessened its position in Photronics, Inc. (NASDAQ:PLAB) by 32.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,028 shares of the semiconductor company’s stock after selling 18,961 shares during the period. WINTON GROUP Ltd owned about 0.07% of Photronics worth $1,249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. LSV Asset Management lifted its stake in shares of Photronics by 14.7% in the fourth quarter. LSV Asset Management now owns 2,883,463 shares of the semiconductor company’s stock worth $92,271,000 after buying an additional 370,489 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Photronics by 4.6% in the third quarter. American Century Companies Inc. now owns 2,412,245 shares of the semiconductor company’s stock worth $55,361,000 after buying an additional 106,069 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Photronics by 699.0% in the third quarter. Victory Capital Management Inc. now owns 2,305,610 shares of the semiconductor company’s stock worth $52,914,000 after buying an additional 2,017,052 shares in the last quarter. Boston Partners lifted its stake in shares of Photronics by 1.3% in the third quarter. Boston Partners now owns 837,442 shares of the semiconductor company’s stock worth $19,331,000 after buying an additional 10,724 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Photronics by 21.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 597,819 shares of the semiconductor company’s stock worth $13,720,000 after buying an additional 105,389 shares in the last quarter. Institutional investors own 88.38% of the company’s stock.

Photronics Trading Up 2.8%

Shares of PLAB stock opened at $29.96 on Tuesday. Photronics, Inc. has a 12 month low of $18.00 and a 12 month high of $56.00. The stock has a market cap of $1.77 billion, a P/E ratio of 10.93 and a beta of 1.37. The company has a 50 day simple moving average of $45.20 and a two-hundred day simple moving average of $37.68.

Photronics (NASDAQ:PLAB) last announced its earnings results on Thursday, May 28th. The semiconductor company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.11). Photronics had a net margin of 18.47% and a return on equity of 7.69%. The business had revenue of $209.94 million for the quarter, compared to analysts’ expectations of $216.47 million. During the same period in the prior year, the company posted $0.40 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Craig Hallum restated a “buy” rating on shares of Photronics in a research report on Friday, May 29th. Lake Street Capital restated a “buy” rating and set a $55.00 price objective on shares of Photronics in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Zacks Research downgraded shares of Photronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of Photronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.33.

Insider Transactions at Photronics

In other news, COO Hsueh-Chun Wang sold 19,250 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $45.30, for a total value of $872,025.00. Following the completion of the sale, the chief operating officer directly owned 113,560 shares of the company’s stock, valued at $5,144,268. This represents a 14.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Constantine S. Macricostas sold 50,000 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $45.35, for a total transaction of $2,267,500.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 346,144 shares of company stock valued at $15,061,759. Company insiders own 3.30% of the company’s stock.

About Photronics

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.