Photronics, Inc. (NASDAQ:PLAB) Stock Has Average Target Price of $49.33

Photronics, Inc. (NASDAQ:PLAB) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $49.33.

PLAB has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Photronics from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Freedom Capital raised shares of Photronics to a “strong-buy” rating in a research note on Thursday, July 2nd. Weiss Ratings upgraded Photronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. Finally, Zacks Research raised Photronics to a “hold” rating in a research note on Friday, August 14th.

Insiders Place Their Bets

In related news, SVP Han Park sold 9,500 shares of the company’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $30.37, for a total value of $288,515.00. Following the completion of the transaction, the senior vice president directly owned 66,000 shares in the company, valued at approximately $2,004,420. This represents a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kang Lee sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $30.75, for a total value of $307,500.00. Following the completion of the sale, the director directly owned 337,350 shares in the company, valued at approximately $10,373,512.50. The trade was a 2.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 37,000 shares of company stock valued at $1,114,265. Company insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Photronics

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Photronics in the second quarter valued at approximately $308,586,000. Vaughan Nelson Investment Management L.P. purchased a new position in Photronics during the first quarter worth approximately $47,902,000. Bank of New York Mellon Corp purchased a new position in Photronics during the second quarter worth approximately $12,374,000. Heartland Advisors Inc. acquired a new position in shares of Photronics in the 2nd quarter valued at $12,355,000. Finally, Empowered Funds LLC acquired a new position in shares of Photronics in the 2nd quarter valued at $8,843,000. 88.38% of the stock is owned by institutional investors and hedge funds.

Photronics Price Performance

PLAB opened at $31.49 on Friday. The firm has a market cap of $1.86 billion, a P/E ratio of 11.09 and a beta of 1.32. Photronics has a 52 week low of $20.05 and a 52 week high of $56.00. The business’s fifty day simple moving average is $30.15 and its 200 day simple moving average is $36.01.

Photronics (NASDAQ:PLAB) last announced its earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share 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 firm had revenue of $216.05 million during the quarter, compared to the consensus estimate of $208.75 million. During the same quarter in the previous year, the company posted $0.51 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. As a group, equities analysts expect that Photronics will post 1.9 EPS for the current fiscal year.

Photronics Company Profile

Photronics, Inc (NASDAQ: PLAB) is a manufacturer of photomasks, precision quartz and glass plates used to transfer circuit patterns onto semiconductor wafers and display panels during the manufacturing process. Its products are essential to the production of integrated circuits and flat-panel displays.

The company provides photomasks for a range of semiconductor applications, including advanced logic, memory and other specialized devices. It also supplies photomasks used in flat-panel display manufacturing, supporting technologies such as liquid-crystal displays and other display formats.