Photronics, Inc. (NASDAQ:PLAB) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Photronics, Inc. (NASDAQ:PLAB) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $49.33.

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Weiss Ratings raised shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 22nd. Finally, Zacks Research raised shares of Photronics to a “hold” rating in a research note on Friday, August 14th.

Insider Activity

In other news, SVP Han Park sold 9,500 shares of Photronics stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $30.37, for a total transaction of $288,515.00. Following the completion of the sale, the senior vice president directly owned 66,000 shares in the company, valued at $2,004,420. The trade was a 12.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kang Lee sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $29.70, for a total value of $297,000.00. Following the completion of the sale, the director directly owned 354,850 shares of the company’s stock, valued at approximately $10,539,045. The trade was a 2.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 37,000 shares of company stock worth $1,114,265. Insiders own 3.30% of the company’s stock.

Institutional Trading of Photronics

A number of institutional investors have recently added to or reduced their stakes in PLAB. BlackRock Inc. acquired a new position in shares of Photronics during the 2nd quarter worth about $308,586,000. Bank of New York Mellon Corp bought a new stake in Photronics during the 2nd quarter valued at approximately $12,374,000. Heartland Advisors Inc. bought a new stake in Photronics during the 2nd quarter valued at approximately $12,355,000. Empowered Funds LLC acquired a new stake in Photronics in the 2nd quarter valued at approximately $8,843,000. Finally, Meros Investment Management LP acquired a new stake in Photronics in the 2nd quarter valued at approximately $7,728,055. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Photronics Trading Down 5.3%

Shares of NASDAQ:PLAB opened at $27.58 on Tuesday. The company has a 50 day moving average of $29.15 and a 200-day moving average of $35.27. The firm has a market cap of $1.63 billion, a P/E ratio of 9.71 and a beta of 1.32. Photronics has a twelve month low of $20.05 and a twelve month high of $56.00.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.10. Photronics had a net margin of 19.05% and a return on equity of 7.45%. The business had revenue of $216.05 million during the quarter, compared to analysts’ expectations of $208.75 million. During the same period last year, the firm posted $0.51 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. Equities research analysts forecast that Photronics will post 1.90 EPS for the current year.

Photronics Company Profile

Photronics, Inc (NASDAQ: PLAB) is a manufacturer of photomasks, also known as photolithography masks, used in the production of semiconductors and flat-panel displays. Its products contain the patterns that are transferred onto silicon wafers or display substrates during the manufacturing process.

The company supplies photomasks for integrated circuits, including products used in advanced logic, memory, and other semiconductor applications. It also produces photomasks for flat-panel displays used in products such as televisions, monitors, smartphones, and other electronic devices.