Meros Investment Management LP acquired a new stake in Photronics, Inc. (NASDAQ:PLAB – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 237,567 shares of the semiconductor company’s stock, valued at approximately $7,728,055. Photronics makes up about 0.0% of Meros Investment Management LP’s portfolio, making the stock its 14th largest holding. Meros Investment Management LP owned approximately 0.40% of Photronics at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its position in Photronics by 0.3% during the fourth quarter. Russell Investments Group Ltd. now owns 105,784 shares of the semiconductor company’s stock worth $3,385,000 after buying an additional 306 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Photronics by 16.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,624 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 365 shares during the period. Hantz Financial Services Inc. grew its holdings in Photronics by 29.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,917 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 432 shares during the period. Franklin Resources Inc. boosted its position in Photronics by 0.9% during the third quarter. Franklin Resources Inc. now owns 60,900 shares of the semiconductor company’s stock worth $1,398,000 after acquiring an additional 570 shares during the last quarter. Finally, LVZ Inc. increased its position in shares of Photronics by 3.6% during the first quarter. LVZ Inc. now owns 21,966 shares of the semiconductor company’s stock worth $888,000 after acquiring an additional 761 shares during the period. Institutional investors own 88.38% of the company’s stock.
Photronics Stock Down 9.2%
Shares of NASDAQ PLAB traded down $2.78 during midday trading on Friday, hitting $27.48. The stock had a trading volume of 2,011,898 shares, compared to its average volume of 1,275,608. The company has a fifty day moving average price of $30.76 and a 200 day moving average price of $37.40. Photronics, Inc. has a 1-year low of $20.05 and a 1-year high of $56.00. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 9.68 and a beta of 1.38.
Key Headlines Impacting Photronics
Here are the key news stories impacting Photronics this week:
- Positive Sentiment: Photronics reported fiscal third-quarter EPS of $0.50, above the $0.40 analyst consensus, while revenue of $216.05 million also exceeded expectations of $208.75 million. Revenue increased 2.7% year over year. Photronics Q3 Earnings Call Highlights High-End IC Recovery
- Positive Sentiment: Management highlighted recovering delayed semiconductor design releases and stronger demand for high-end integrated-circuit photomasks, which reached a record 44% of IC revenue. This suggests improving product mix and potential recovery in a key business line.
- Neutral Sentiment: Photronics guided for fiscal fourth-quarter EPS of $0.40-$0.56 and revenue of $207 million-$227 million. The midpoint of the EPS range is above the current consensus, while the revenue range broadly brackets expectations, indicating a generally steady near-term outlook.
- Negative Sentiment: Multiple law firms publicized a securities class action against Photronics and certain officers. The lawsuit covers investors who purchased securities from December 10, 2025, through May 27, 2026, and alleges that the company misled investors about demand and the outlook for its high-end IC photomask products and failed to disclose known bottlenecks in the design-release pipeline. The allegations have not been proven. Kaplan Fox Photronics Class Action Announcement
- Negative Sentiment: Investors have until September 4, 2026, to seek appointment as lead plaintiff. The repeated deadline alerts increase visibility around potential litigation costs, reputational risk and uncertainty over any eventual financial exposure, likely overshadowing the earnings beat.
Analyst Ratings Changes
Several equities research analysts have issued reports on PLAB shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Photronics in a research report on Friday, July 24th. Lake Street Capital restated a “buy” rating and issued a $55.00 price objective on shares of Photronics in a research report on Friday, May 1st. Zacks Research raised Photronics to a “hold” rating in a report on Friday, August 14th. Wall Street Zen lowered shares of Photronics from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Craig Hallum reaffirmed a “buy” rating on shares of Photronics in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Photronics currently has an average rating of “Buy” and an average price target of $49.33.
Check Out Our Latest Research Report on PLAB
About Photronics
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.
Featured Stories
- Five stocks we like better than Photronics
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for Photronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Photronics and related companies with MarketBeat.com's FREE daily email newsletter.
