Brokerages Set Photronics, Inc. (NASDAQ:PLAB) PT at $31.00

Shares of Photronics, Inc. (NASDAQ:PLAB) have been given a consensus rating of “Buy” by the five analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $31.00.

A number of research analysts have weighed in on PLAB shares. Wall Street Zen raised shares of Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Singular Research upgraded shares of Photronics to a “strong-buy” rating in a research report on Thursday, September 4th. Zacks Research upgraded shares of Photronics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Photronics in a research report on Wednesday, October 8th.

Photronics Stock Performance

PLAB opened at $24.39 on Friday. Photronics has a fifty-two week low of $16.46 and a fifty-two week high of $31.60. The company has a fifty day moving average of $22.99 and a two-hundred day moving average of $20.43. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 13.86 and a beta of 1.54.

Photronics (NASDAQ:PLAB) last released its quarterly earnings data on Wednesday, August 27th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.12. Photronics had a net margin of 12.67% and a return on equity of 8.19%. The company had revenue of $210.39 million during the quarter, compared to analysts’ expectations of $204.30 million. During the same quarter in the previous year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. On average, equities research analysts forecast that Photronics will post 2.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mary Paladino sold 42,750 shares of Photronics stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $24.00, for a total value of $1,026,000.00. Following the sale, the director owned 33,798 shares in the company, valued at $811,152. This trade represents a 55.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Han Kyung Park sold 15,000 shares of Photronics stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $22.00, for a total transaction of $330,000.00. Following the completion of the sale, the senior vice president owned 103,000 shares in the company, valued at approximately $2,266,000. This trade represents a 12.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,750 shares of company stock valued at $1,953,800. 3.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Photronics

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SummerHaven Investment Management LLC boosted its position in Photronics by 2.6% during the second quarter. SummerHaven Investment Management LLC now owns 31,322 shares of the semiconductor company’s stock worth $590,000 after acquiring an additional 782 shares during the last quarter. Quantinno Capital Management LP boosted its position in Photronics by 6.8% during the second quarter. Quantinno Capital Management LP now owns 14,847 shares of the semiconductor company’s stock worth $280,000 after acquiring an additional 945 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Photronics by 7.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,319 shares of the semiconductor company’s stock worth $307,000 after acquiring an additional 1,162 shares during the last quarter. Sei Investments Co. boosted its position in Photronics by 2.3% during the second quarter. Sei Investments Co. now owns 55,868 shares of the semiconductor company’s stock worth $1,052,000 after acquiring an additional 1,253 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in Photronics by 4.8% during the first quarter. Illinois Municipal Retirement Fund now owns 31,525 shares of the semiconductor company’s stock worth $654,000 after acquiring an additional 1,440 shares during the last quarter. 88.38% of the stock is currently owned by institutional investors and hedge funds.

About Photronics

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.