Meros Investment Management LP trimmed its stake in Photronics, Inc. (NASDAQ:PLAB – Free Report) by 78.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,004 shares of the semiconductor company’s stock after selling 396,804 shares during the quarter. Meros Investment Management LP owned approximately 0.18% of Photronics worth $3,456,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLAB. Victory Capital Management Inc. boosted its stake in Photronics by 699.0% in the third quarter. Victory Capital Management Inc. now owns 2,305,610 shares of the semiconductor company’s stock valued at $52,914,000 after acquiring an additional 2,017,052 shares during the last quarter. LSV Asset Management lifted its stake in shares of Photronics by 14.7% during the 4th quarter. LSV Asset Management now owns 2,883,463 shares of the semiconductor company’s stock valued at $92,271,000 after buying an additional 370,489 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Photronics during the 3rd quarter valued at approximately $8,416,000. Norges Bank purchased a new stake in shares of Photronics during the 4th quarter valued at approximately $11,540,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Photronics during the 4th quarter valued at approximately $7,206,000. 88.38% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director Kang Jyh Lee sold 20,000 shares of Photronics stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $45.92, for a total transaction of $918,400.00. Following the sale, the director owned 355,850 shares of the company’s stock, valued at approximately $16,340,632. The trade was a 5.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Constantine S. Macricostas sold 50,000 shares of Photronics stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $45.35, for a total transaction of $2,267,500.00. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 346,144 shares of company stock worth $15,061,759. 3.30% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on Photronics
Photronics Stock Up 3.0%
Shares of Photronics stock opened at $32.74 on Tuesday. The firm has a market cap of $1.93 billion, a PE ratio of 11.95 and a beta of 1.37. Photronics, Inc. has a 12-month low of $18.00 and a 12-month high of $56.00. The company’s fifty day simple moving average is $44.29 and its two-hundred day simple moving average is $38.01.
Photronics (NASDAQ:PLAB – Get Free Report) last posted its earnings results on Thursday, May 28th. The semiconductor company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.11). The company had revenue of $209.94 million during the quarter, compared to analysts’ expectations of $216.47 million. Photronics had a return on equity of 7.69% and a net margin of 18.47%.The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS.
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.
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