Photronics, Inc. $PLAB Shares Bought by Isthmus Partners LLC

Isthmus Partners LLC boosted its holdings in shares of Photronics, Inc. (NASDAQ:PLAB) by 221.5% in the 4th quarter, Holdings Channel reports. The fund owned 84,120 shares of the semiconductor company’s stock after acquiring an additional 57,959 shares during the quarter. Isthmus Partners LLC’s holdings in Photronics were worth $2,692,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. grew its position 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 valued at $55,361,000 after purchasing an additional 106,069 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Photronics by 699.0% in the 3rd quarter. Victory Capital Management Inc. now owns 2,305,610 shares of the semiconductor company’s stock valued at $52,914,000 after buying an additional 2,017,052 shares in the last quarter. Boston Partners grew its holdings in Photronics by 1.3% in the 3rd quarter. Boston Partners now owns 837,442 shares of the semiconductor company’s stock valued at $19,331,000 after buying an additional 10,724 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Photronics by 21.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 597,819 shares of the semiconductor company’s stock worth $13,720,000 after acquiring an additional 105,389 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Photronics during the 3rd quarter worth $8,416,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

Insider Buying and Selling at Photronics

In related news, CEO George Macricostas sold 121,194 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $42.94, for a total transaction of $5,204,070.36. Following the completion of the transaction, the chief executive officer owned 334,068 shares in the company, valued at approximately $14,344,879.92. The trade was a 26.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction, the chief operating officer directly owned 113,560 shares in the company, valued at $5,144,268. This trade represents a 14.49% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 346,144 shares of company stock valued at $15,061,759. 3.30% of the stock is currently owned by company insiders.

Photronics Stock Performance

Shares of PLAB opened at $50.02 on Friday. The company’s 50-day simple moving average is $43.61 and its 200-day simple moving average is $35.51. Photronics, Inc. has a 1 year low of $16.59 and a 1 year high of $56.00. The stock has a market capitalization of $2.95 billion, a PE ratio of 21.29 and a beta of 1.51.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, February 25th. The semiconductor company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.54 by $0.07. Photronics had a net margin of 15.83% and a return on equity of 7.88%. The business had revenue of $225.07 million during the quarter, compared to the consensus estimate of $220.09 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. On average, sell-side analysts predict that Photronics, Inc. will post 2.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Lake Street Capital reiterated a “buy” rating and issued a $55.00 target price on shares of Photronics in a report on Friday, May 1st. Craig Hallum restated a “buy” rating and set a $48.00 price target on shares of Photronics in a report on Tuesday, March 3rd. Zacks Research lowered shares of Photronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Wall Street Zen upgraded Photronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 14th. Finally, Weiss Ratings upgraded Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Photronics presently has an average rating of “Moderate Buy” and a consensus price target of $49.33.

Photronics 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.