Tocqueville Asset Management L.P. Invests $999,000 in Photronics, Inc. $PLAB

Tocqueville Asset Management L.P. acquired a new stake in shares of Photronics, Inc. (NASDAQ:PLAB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,700 shares of the semiconductor company’s stock, valued at approximately $999,000. Tocqueville Asset Management L.P. owned about 0.05% of Photronics at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLAB. BlackRock Inc. acquired a new stake in Photronics during the 2nd quarter worth about $308,586,000. Deutsche Bank AG acquired a new position in shares of Photronics in the second quarter valued at about $2,296,000. Bank of New York Mellon Corp purchased a new position in shares of Photronics in the second quarter worth about $12,374,000. State of Wyoming purchased a new position in shares of Photronics in the second quarter worth about $143,000. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of Photronics by 44.1% during the second quarter. Wedge Capital Management L L P NC now owns 109,646 shares of the semiconductor company’s stock worth $3,567,000 after purchasing an additional 33,563 shares during the period. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PLAB shares. Lake Street Capital reiterated a “buy” rating and issued a $55.00 price target on shares of Photronics in a report on Friday, May 1st. Freedom Capital raised shares of Photronics to a “strong-buy” rating in a report on Thursday, July 2nd. Zacks Research upgraded shares of Photronics to a “hold” rating in a research note on Friday, August 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Photronics in a research report on Friday, July 24th. Finally, Craig Hallum reaffirmed a “buy” rating on shares of Photronics in a report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $49.33.

Photronics Stock Performance

PLAB opened at $30.52 on Friday. The company has a fifty day moving average of $30.95 and a two-hundred day moving average of $37.59. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 11.14 and a beta of 1.38. Photronics, Inc. has a fifty-two week low of $20.05 and a fifty-two week high of $56.00.

Photronics (NASDAQ:PLAB) last posted its earnings results on Thursday, May 28th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.11). Photronics had a return on equity of 7.69% and a net margin of 18.47%.The firm had revenue of $209.94 million for the quarter, compared to analysts’ expectations of $216.47 million. During the same period in the previous year, the company earned $0.40 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS. On average, equities research analysts forecast that Photronics, Inc. will post 1.85 earnings per share for the current year.

Key Headlines Impacting Photronics

Here are the key news stories impacting Photronics this week:

• Neutral Sentiment: Photronics announced plans to participate in the Three Part Advisors Midwest IDEAS Conference on August 27 and the Lake Street Capital BIG10 Conference on September 10. These events could provide investors with additional commentary on demand, the high-end IC photomask pipeline and the company’s outlook. Photronics investor conference announcement
• Neutral Sentiment: Market attention is also increasing ahead of Photronics’ expected earnings release, with investors likely focused on whether demand and the projected recovery in high-end IC photomasks are improving. Photronics expected earnings article
• Negative Sentiment: Several firms, including Rosen, Glancy Prongay Wolke & Rotter, Hagens Berman, Kaplan Fox, Faruqi & Faruqi and others, are promoting a class action for investors who purchased PLAB securities from December 10, 2025, through May 27, 2026. The lawsuit alleges that Photronics misled investors about demand and the outlook for its high-end integrated-circuit photomask product line. Photronics securities litigation notice
• Negative Sentiment: Investor alerts characterize an earlier one-session decline of $19.49 as occurring after Photronics indicated that its anticipated post-holiday recovery had stalled. This reinforces concerns about weakening demand, execution and the credibility of prior growth expectations. The allegations remain claims, not proven findings. Photronics investor loss and class action notice

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.