Meros Investment Management LP Buys Shares of 237,567 Photronics, Inc. $PLAB

Meros Investment Management LP purchased a new stake in shares of Photronics, Inc. (NASDAQ:PLAB) during the second quarter, HoldingsChannel.com reports. The fund purchased 237,567 shares of the semiconductor company’s stock, valued at approximately $7,728,055,000. Photronics comprises about 2.5% of Meros Investment Management LP’s holdings, making the stock its 14th biggest holding.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP bought a new position in Photronics during the second quarter valued at approximately $26,000. First Horizon Corp purchased a new stake in Photronics during the 1st quarter valued at $33,000. Torren Management LLC bought a new position in shares of Photronics during the 4th quarter valued at $26,000. Grove Bank & Trust purchased a new position in shares of Photronics in the 2nd quarter worth $33,000. Finally, Larson Financial Group LLC bought a new stake in shares of Photronics in the third quarter worth $28,000. 88.38% of the stock is currently owned by institutional investors.

Key Headlines Impacting Photronics

Here are the key news stories impacting Photronics this week:

• Neutral Sentiment: Reported short interest was listed at zero shares with a zero-day days-to-cover ratio. Because the data also showed an undefined percentage change, it does not indicate meaningful short-selling pressure and may reflect a reporting error.
• Negative Sentiment: Several law firms publicized a securities class action against Photronics and reminded investors of a September 4, 2026 deadline to seek lead-plaintiff status. The notices generally cover investors who purchased shares between December 10, 2025, and May 27, 2026. Pomerantz investor alert
• Negative Sentiment: The allegations include that Photronics failed to disclose weakening demand, production bottlenecks in its high-end semiconductor photomask business, and a slowdown in its design-release pipeline. Plaintiffs claim these issues affected expected revenue growth and margins; the allegations have not been proven in court. Robbins securities lawsuit notice
• Negative Sentiment: The legal overhang compounds Photronics’ latest earnings miss: quarterly EPS came in at $0.42 versus a $0.53 consensus estimate, and revenue was $209.94 million versus expectations of $216.47 million. Management’s third-quarter EPS guidance of $0.39 to $0.45 also suggests limited near-term earnings momentum.

Photronics Price Performance

Shares of Photronics stock opened at $29.32 on Wednesday. Photronics, Inc. has a 1-year low of $20.05 and a 1-year high of $56.00. The company’s fifty day simple moving average is $30.84 and its 200-day simple moving average is $37.48. The stock has a market capitalization of $1.73 billion, a PE ratio of 10.70 and a beta of 1.38.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.42 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 company had revenue of $209.94 million during the quarter, compared to analysts’ expectations of $216.47 million. During the same quarter last year, the company earned $0.40 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS. As a group, research analysts anticipate that Photronics, Inc. will post 1.85 EPS for the current year.

Wall Street Analyst Weigh In

PLAB has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Photronics in a research report on Friday, July 24th. Freedom Capital raised Photronics to a “strong-buy” rating in a research report on Thursday, July 2nd. Lake Street Capital restated a “buy” rating and set a $55.00 price target on shares of Photronics in a research note on Friday, May 1st. Zacks Research raised shares of Photronics to a “hold” rating in a research report on Friday, August 14th. Finally, Wall Street Zen cut shares of Photronics from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $49.33.

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.